Maltin Wealth Management Inc. grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 36.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,395 shares of the e-commerce giant’s stock after purchasing an additional 900 shares during the period. Maltin Wealth Management Inc.’s holdings in Amazon.com were worth $745,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in AMZN. Flower City Capital boosted its holdings in Amazon.com by 9.0% during the fourth quarter. Flower City Capital now owns 3,152 shares of the e-commerce giant’s stock worth $692,000 after buying an additional 260 shares in the last quarter. AMI Investment Management Inc. lifted its position in shares of Amazon.com by 4.7% during the 4th quarter. AMI Investment Management Inc. now owns 21,264 shares of the e-commerce giant’s stock valued at $4,665,000 after acquiring an additional 964 shares during the period. Strong Tower Advisory Services boosted its stake in shares of Amazon.com by 0.8% during the 4th quarter. Strong Tower Advisory Services now owns 60,172 shares of the e-commerce giant’s stock worth $13,201,000 after acquiring an additional 455 shares in the last quarter. Wealth Management Partners LLC grew its holdings in shares of Amazon.com by 9.4% in the 4th quarter. Wealth Management Partners LLC now owns 32,726 shares of the e-commerce giant’s stock worth $7,180,000 after acquiring an additional 2,806 shares during the period. Finally, M.E. Allison & CO. Inc. purchased a new position in Amazon.com in the 4th quarter valued at approximately $1,474,000. 72.20% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of analysts have commented on AMZN shares. Stifel Nicolaus boosted their target price on Amazon.com from $224.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Moffett Nathanson increased their price objective on shares of Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Morgan Stanley lifted their target price on shares of Amazon.com from $230.00 to $280.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Truist Financial increased their price target on shares of Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. lifted their price objective on Amazon.com from $250.00 to $280.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Two analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $252.56.
Insider Buying and Selling
In other news, Director Jonathan Rubinstein sold 4,766 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $209.85, for a total value of $1,000,145.10. Following the completion of the sale, 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the transaction, the director now directly owns 24,912 shares in the company, valued at approximately $4,958,982.72. The trade was 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 6,027,340 shares of company stock valued at $1,252,456,773 over the last quarter. Corporate insiders own 10.80% of the company’s stock.
Amazon.com Stock Up 2.0 %
Amazon.com stock opened at $242.06 on Wednesday. The company’s 50-day moving average price is $224.55 and its two-hundred day moving average price is $199.36. The stock has a market cap 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 current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21.
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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