This post was originally published on NASDAQ:AMZN
https://www.marketbeat.com/logos/amazoncom-inc-logo.jpgVan Hulzen Asset Management LLC boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 11.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,780 shares of the e-commerce giant’s stock after acquiring an additional 3,143 shares during the quarter. Van Hulzen Asset Management LLC’s holdings in Amazon.com were worth $3,283,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in AMZN. Fiduciary Planning LLC increased its stake in Amazon.com by 1.5% in the 1st quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock valued at $1,138,000 after buying an additional 5 shares during the last quarter. HBC Financial Services PLLC increased its stake in Amazon.com by 0.8% in the 1st quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock valued at $1,717,000 after buying an additional 5 shares during the last quarter. Meridian Investment Counsel Inc. increased its stake in Amazon.com by 3.4% in the 1st quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock valued at $492,000 after buying an additional 5 shares during the last quarter. Alterna Wealth Management Inc. increased its stake in Amazon.com by 1.8% in the 1st quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock valued at $942,000 after buying an additional 5 shares during the last quarter. Finally, Archetype Wealth Partners increased its stake in Amazon.com by 3.7% in the 1st quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock valued at $552,000 after buying an additional 6 shares during the last quarter. Institutional investors own 56.67% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have issued reports on the stock. Piper Jaffray Companies lifted their price target on shares of Amazon.com from $130.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, June 7th. Barclays lowered their price objective on shares of Amazon.com from $150.00 to $140.00 in a research note on Friday, April 28th. Bank of America boosted their price objective on shares of Amazon.com from $139.00 to $154.00 in a research note on Monday, June 12th. JPMorgan Chase & Co. boosted their price objective on shares of Amazon.com from $135.00 to $145.00 in a research note on Friday, April 28th. Finally, Oppenheimer lowered their price objective on shares of Amazon.com from $135.00 to $125.00 and set an “outperform” rating on the stock in a research note on Thursday, April 6th. Three research analysts have rated the stock with a hold rating and thirty-nine have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $144.56.
Insider Buying and Selling
In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $115.60, for a total value of $358,360.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $13,846,568. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Monday, July 24th. The shares were sold at an average price of $129.48, for a total transaction of $64,740.00. Following the completion of the sale, the chief executive officer now directly owns 149,780 shares in the company, valued at $19,393,514.40. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $115.60, for a total transaction of $358,360.00. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $13,846,568. The disclosure for this sale can be found here. Insiders sold a total of 69,825 shares of company stock worth $8,126,865 in the last three months. 12.70% of the stock is owned by corporate insiders.
Amazon.com Price Performance
AMZN stock opened at $133.68 on Tuesday. The company has a 50 day simple moving average of $127.11 and a 200 day simple moving average of $110.23. The stock has a market cap of $1.37 trillion, a price-to-earnings ratio of 318.29, a P/E/G ratio of 2.52 and a beta of 1.26. Amazon.com, Inc. has a 1 year low of $81.43 and a 1 year high of $146.57. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.92 and a quick ratio of 0.69.
Amazon.com Company Profile
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company’s products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.
Featured Articles
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).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Amazon.com, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Amazon.com wasn’t on the list.
While Amazon.com currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
