Capstone Wealth Management Group LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 24.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,882 shares of the e-commerce giant’s stock after buying an additional 5,010 shares during the period. Amazon.com comprises approximately 3.0% of Capstone Wealth Management Group LLC’s investment portfolio, making the stock its 10th biggest holding. Capstone Wealth Management Group LLC’s holdings in Amazon.com were worth $5,678,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the business. State Street Corp lifted its position in Amazon.com by 3.3% during the third quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock worth $66,926,008,000 after acquiring an additional 11,370,309 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Amazon.com by 3.4% during the 3rd quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant’s stock worth $37,116,341,000 after purchasing an additional 6,545,944 shares during the last quarter. Legal & General Group Plc lifted its holdings in Amazon.com by 1.5% during the 2nd quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant’s stock worth $13,466,933,000 after purchasing an additional 1,042,177 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Amazon.com by 3.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 57,833,954 shares of the e-commerce giant’s stock valued at $10,776,201,000 after purchasing an additional 1,984,592 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Amazon.com by 3.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 57,308,094 shares of the e-commerce giant’s stock valued at $10,678,217,000 after buying an additional 1,980,663 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.
Amazon.com Stock Down 0.2 %
Amazon.com stock opened at $234.85 on Monday. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $2.47 trillion, a PE ratio of 50.29, a PEG ratio of 1.31 and a beta of 1.14. The firm’s fifty day moving average is $220.27 and its 200 day moving average is $197.45. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $236.40.
Insider Buying and Selling
In related news, CEO Matthew S. Garman sold 15,260 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $200.19, for a total value of $3,054,899.40. Following the completion of the sale, the chief executive officer now directly owns 349,261 shares of the company’s stock, valued at approximately $69,918,559.59. This represents a 4.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the transaction, the director now directly owns 24,912 shares in the company, valued at $4,958,982.72. This represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,032,344 shares of company stock worth $1,253,456,822 in the last ninety days. Corporate insiders own 10.80% of the company’s stock.
Wall Street Analyst Weigh In
AMZN has been the subject of a number of recent research reports. Redburn Atlantic boosted their target price on shares of Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. JMP Securities reissued a “market outperform” rating and issued a $285.00 price objective on shares of Amazon.com in a report on Friday, January 10th. BMO Capital Markets reaffirmed an “outperform” rating and set a $236.00 target price on shares of Amazon.com in a report on Tuesday, December 3rd. Raymond James boosted their price target on Amazon.com from $230.00 to $260.00 and gave the company a “strong-buy” rating in a research note on Tuesday, January 21st. Finally, Scotiabank increased their target price on Amazon.com from $246.00 to $306.00 and gave the stock a “sector outperform” rating in a report on Friday. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $249.02.
Get Our Latest Stock Report on AMZN
Amazon.com Profile
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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