Posted by Defense World Staff on May 29th, 2024
Charles Schwab Investment Management Inc. boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 3.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,920,953 shares of the e-commerce giant’s stock after acquiring an additional 1,525,922 shares during the quarter. Amazon.com accounts for approximately 2.0% of Charles Schwab Investment Management Inc.’s holdings, making the stock its 3rd largest position. Charles Schwab Investment Management Inc. owned approximately 0.50% of Amazon.com worth $7,888,870,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Measured Wealth Private Client Group LLC raised its position in shares of Amazon.com by 2.5% during the 4th quarter. Measured Wealth Private Client Group LLC now owns 2,562 shares of the e-commerce giant’s stock worth $389,000 after purchasing an additional 62 shares during the last quarter. Socha Financial Group LLC raised its position in shares of Amazon.com by 3.3% during the 4th quarter. Socha Financial Group LLC now owns 1,991 shares of the e-commerce giant’s stock worth $303,000 after purchasing an additional 63 shares during the last quarter. Lake Hills Wealth Management LLC raised its position in shares of Amazon.com by 0.8% during the 4th quarter. Lake Hills Wealth Management LLC now owns 7,985 shares of the e-commerce giant’s stock worth $1,213,000 after purchasing an additional 65 shares during the last quarter. Veery Capital LLC raised its position in shares of Amazon.com by 1.1% during the 4th quarter. Veery Capital LLC now owns 5,890 shares of the e-commerce giant’s stock worth $895,000 after purchasing an additional 66 shares during the last quarter. Finally, Bellwether Advisors LLC raised its position in shares of Amazon.com by 2.3% during the 4th quarter. Bellwether Advisors LLC now owns 2,936 shares of the e-commerce giant’s stock worth $446,000 after purchasing an additional 66 shares during the last quarter. 72.20% of the stock is owned by institutional investors.
Insider Buying and Selling
In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction of $90,000.00. Following the sale, the chief executive officer now directly owns 132,600 shares in the company, valued at approximately $23,868,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction of $90,000.00. Following the sale, the chief executive officer now directly owns 132,600 shares in the company, valued at approximately $23,868,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew R. Jassy sold 50,000 shares of Amazon.com stock in a transaction on Monday, March 4th. The stock was sold at an average price of $180.00, for a total transaction of $9,000,000.00. Following the sale, the chief executive officer now owns 1,994,182 shares in the company, valued at $358,952,760. The disclosure for this sale can be found here. Insiders have sold 117,894 shares of company stock worth $21,363,909 in the last ninety days. 10.80% of the stock is owned by corporate insiders.
Amazon.com Price Performance
Shares of AMZN opened at $182.15 on Wednesday. Amazon.com, Inc. has a twelve month low of $118.35 and a twelve month high of $191.70. The firm’s fifty day simple moving average is $182.29 and its 200-day simple moving average is $166.95. The firm has a market capitalization of $1.90 trillion, a price-to-earnings ratio of 51.02, a PEG ratio of 1.29 and a beta of 1.15. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27.
Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The business had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. During the same period last year, the business earned $0.31 EPS. The company’s revenue was up 12.5% on a year-over-year basis. Equities analysts forecast that Amazon.com, Inc. will post 4.72 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
AMZN has been the subject of several research reports. Telsey Advisory Group upped their price objective on shares of Amazon.com from $200.00 to $215.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. JMP Securities reaffirmed a “market outperform” rating and set a $225.00 price objective on shares of Amazon.com in a research note on Wednesday, May 1st. Benchmark reaffirmed a “buy” rating and set a $200.00 price objective on shares of Amazon.com in a research note on Wednesday, May 1st. DA Davidson reaffirmed a “buy” rating and set a $235.00 price objective on shares of Amazon.com in a research note on Thursday, April 18th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Amazon.com from $225.00 to $240.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $211.62.
View Our Latest Research Report on AMZN
About Amazon.com
Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.
Recommended Stories
- Five stocks we like better than Amazon.com
- What are earnings reports?
- GameStop Will Rocket Higher: The Move Won’t Last
- The How and Why of Investing in Gold Stocks
- 3 Stocks Insiders are Buying That Should be on Your Radar
- The 3 Best Retail Stocks to Shop for in August
- Momentum Investing: A Guide to Getting Started
Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN – Free Report).
Receive News & Ratings for Amazon.com Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Amazon.com and related companies with MarketBeat.com’s FREE daily email newsletter.
« PREVIOUS HEADLINE
Charles Schwab Investment Management Inc. Has $14.61 Million Stake in Proto Labs, Inc. (NYSE:PRLB)
NEXT HEADLINE »
Swiss National Bank Has $1.17 Million Stock Holdings in TrustCo Bank Corp NY (NASDAQ:TRST)