Guinness Asset Management LTD grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 9.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 212,327 shares of the e-commerce giant’s stock after purchasing an additional 19,158 shares during the quarter. Amazon.com makes up approximately 0.9% of Guinness Asset Management LTD’s portfolio, making the stock its 22nd largest holding. Guinness Asset Management LTD’s holdings in Amazon.com were worth $46,586,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. Hoese & Co LLP acquired a new position in Amazon.com during the 3rd quarter worth $37,000. Bull Oak Capital LLC bought a new position in shares of Amazon.com in the third quarter worth about $45,000. Values First Advisors Inc. acquired a new position in shares of Amazon.com during the 3rd quarter worth about $56,000. IFS Advisors LLC boosted its stake in Amazon.com by 1,625.0% during the 4th quarter. IFS Advisors LLC now owns 345 shares of the e-commerce giant’s stock valued at $76,000 after purchasing an additional 325 shares during the period. Finally, West Financial Advisors LLC acquired a new stake in Amazon.com in the 4th quarter valued at approximately $88,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
AMZN has been the subject of several research reports. Benchmark increased their price objective on Amazon.com from $215.00 to $265.00 and gave the company a “buy” rating in a research report on Tuesday. Morgan Stanley increased their price target on shares of Amazon.com from $230.00 to $280.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Redburn Atlantic boosted their price objective on shares of Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. DA Davidson reaffirmed a “buy” rating and set a $235.00 price objective on shares of Amazon.com in a research report on Thursday, October 10th. Finally, Wedbush reissued an “outperform” rating and set a $280.00 target price (up from $260.00) on shares of Amazon.com in a research report on Monday, January 27th. Two analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $252.56.
Insider Activity
In other news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the sale, the director now owns 24,912 shares in the company, valued at $4,958,982.72. The trade was a 4.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jonathan Rubinstein sold 4,766 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $209.85, for a total transaction of $1,000,145.10. Following the completion of the transaction, the director now owns 94,630 shares in the company, valued at $19,858,105.50. This represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,027,340 shares of company stock valued at $1,252,456,773 over the last 90 days. 10.80% of the stock is owned by company insiders.
Amazon.com Stock Up 2.0 %
Shares of AMZN opened at $242.06 on Wednesday. The business’s fifty day moving average price is $224.55 and its two-hundred day moving average price is $199.36. The firm has a market capitalization of $2.55 trillion, a price-to-earnings ratio of 51.83, a PEG ratio of 1.35 and a beta of 1.15. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.
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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