Stockman Wealth Management Inc. raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 33.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 51,853 shares of the e-commerce giant’s stock after purchasing an additional 12,883 shares during the quarter. Stockman Wealth Management Inc.’s holdings in Amazon.com were worth $4,356,000 as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in the stock. McElhenny Sheffield Capital Management LLC acquired a new position in Amazon.com in the 4th quarter valued at approximately $27,000. Retirement Financial Solutions LLC acquired a new position in shares of Amazon.com in the fourth quarter valued at $32,000. Laurel Wealth Planning LLC lifted its position in Amazon.com by 1,900.0% in the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 304 shares during the period. Swaine & Leidel Wealth Services LLC acquired a new stake in Amazon.com during the first quarter worth $38,000. Finally, Cowa LLC bought a new stake in Amazon.com in the 3rd quarter valued at $40,000. Institutional investors and hedge funds own 57.64% of the company’s stock.
Amazon.com Trading Down 1.6 %
Shares of NASDAQ AMZN opened at $116.25 on Friday. The company has a quick ratio of 0.69, a current ratio of 0.92 and a debt-to-equity ratio of 0.43. Amazon.com, Inc. has a twelve month low of $81.43 and a twelve month high of $146.57. The company’s fifty day moving average is $103.63 and its 200-day moving average is $97.03. The stock has a market cap of $1.19 trillion, a price-to-earnings ratio of 276.79, a P/E/G ratio of 4.11 and a beta of 1.26.
Insiders Place Their Bets
In other news, CEO Douglas J. Herrington sold 7,456 shares of the company’s stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $94.90, for a total value of $707,574.40. Following the completion of the transaction, the chief executive officer now owns 564,298 shares in the company, valued at $53,551,880.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Douglas J. Herrington sold 7,456 shares of the business’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $94.90, for a total value of $707,574.40. Following the sale, the chief executive officer now directly owns 564,298 shares in the company, valued at $53,551,880.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $93.80, for a total value of $375,200.00. Following the transaction, the chief executive officer now directly owns 560,298 shares of the company’s stock, valued at $52,555,952.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 61,019 shares of company stock worth $6,053,511. Company insiders own 12.30% of the company’s stock.
Analyst Upgrades and Downgrades
AMZN has been the topic of several recent research reports. Bank of America lifted their target price on shares of Amazon.com from $135.00 to $139.00 in a research report on Friday, April 28th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $125.00 price objective on shares of Amazon.com in a report on Thursday, April 20th. Wolfe Research increased their target price on Amazon.com from $130.00 to $140.00 in a report on Friday, April 28th. Moffett Nathanson lowered their price target on Amazon.com from $119.00 to $116.00 and set an “outperform” rating on the stock in a research report on Monday, April 24th. Finally, DA Davidson increased their price objective on Amazon.com from $114.00 to $134.00 and gave the stock a “buy” rating in a research note on Friday, February 3rd. Three investment analysts have rated the stock with a hold rating and forty-one have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $143.12.
Amazon.com Company Profile
Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.
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