Posted by Defense World Staff on May 29th, 2024
Northern Financial Advisors Inc purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,868 shares of the e-commerce giant’s stock, valued at approximately $284,000.
Other large investors have also modified their holdings of the company. PayPay Securities Corp lifted its stake in shares of Amazon.com by 54.3% in the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after purchasing an additional 94 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of Amazon.com by 45.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 86 shares during the last quarter. Strid Group LLC acquired a new position in shares of Amazon.com in the 4th quarter valued at $43,000. Harbor Investment Advisory LLC raised its holdings in shares of Amazon.com by 0.7% in the 4th quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after buying an additional 1,988 shares during the period. Finally, Authentikos Wealth Advisory LLC purchased a new stake in shares of Amazon.com in the 3rd quarter valued at $49,000. Institutional investors and hedge funds own 72.20% of the company’s stock.
Insider Activity at Amazon.com
In other Amazon.com news, VP Shelley Reynolds sold 2,700 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total transaction of $489,753.00. Following the completion of the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Amazon.com news, CEO Andrew R. Jassy sold 50,000 shares of the firm’s 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 completion of the transaction, the chief executive officer now owns 1,994,182 shares of the company’s stock, valued at $358,952,760. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Shelley Reynolds sold 2,700 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total value of $489,753.00. Following the sale, the vice president now owns 119,780 shares in the company, valued at approximately $21,726,894.20. The disclosure for this sale can be found here. Insiders sold 117,894 shares of company stock valued at $21,363,909 in the last ninety days. Corporate insiders own 10.80% of the company’s stock.
Amazon.com Stock Up 0.8 %
Amazon.com stock 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 stock 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 stock has a 50 day moving average of $182.29 and a two-hundred day moving average of $166.95. 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 released its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The firm had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. During the same period last year, the business posted $0.31 EPS. Amazon.com’s quarterly revenue was up 12.5% on a year-over-year basis. As a group, research analysts expect that Amazon.com, Inc. will post 4.72 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on the company. Stifel Nicolaus boosted their price objective on Amazon.com from $224.00 to $228.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Benchmark reiterated a “buy” rating and issued a $200.00 price objective on shares of Amazon.com in a report on Wednesday, May 1st. Canaccord Genuity Group boosted their price objective on Amazon.com from $185.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Wells Fargo & Company upped their price target on Amazon.com from $217.00 to $234.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Finally, Rosenblatt Securities restated a “buy” rating and set a $220.00 price target on shares of Amazon.com in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $211.62.
Read Our Latest Stock Analysis on Amazon.com
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.
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