Tempus Wealth Planning LLC cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,328 shares of the e-commerce giant’s stock after selling 76 shares during the quarter. Amazon.com makes up about 1.0% of Tempus Wealth Planning LLC’s investment portfolio, making the stock its 24th biggest position. Tempus Wealth Planning LLC’s holdings in Amazon.com were worth $3,297,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the business. FMR LLC boosted its stake in Amazon.com by 0.5% in the 4th quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant’s stock worth $72,061,766,000 after purchasing an additional 1,725,664 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Amazon.com by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant’s stock worth $44,837,256,000 after buying an additional 5,015,380 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Amazon.com by 2.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant’s stock worth $40,107,544,000 after acquiring an additional 4,087,933 shares during the last quarter. Norges Bank bought a new stake in Amazon.com in the 4th quarter valued at $27,266,582,000. Finally, Northern Trust Corp increased its holdings in Amazon.com by 14.0% in the 4th quarter. Northern Trust Corp now owns 97,076,276 shares of the e-commerce giant’s stock valued at $21,297,564,000 after acquiring an additional 11,926,749 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.
Amazon.com Stock Up 3.1%
NASDAQ AMZN opened at $228.84 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52. The firm has a market capitalization of $2.44 trillion, a price-to-earnings ratio of 34.88, a PEG ratio of 1.54 and a beta of 1.31. The company has a fifty day moving average of $222.63 and a two-hundred day moving average of $208.07.
Wall Street Analysts Forecast Growth
AMZN has been the subject of a number of research analyst reports. Bank of America raised their price objective on Amazon.com from $265.00 to $272.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Cantor Fitzgerald increased their price target on Amazon.com from $260.00 to $280.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. UBS Group reaffirmed a “buy” rating and issued a $271.00 price objective (up previously from $249.00) on shares of Amazon.com in a research note on Monday, July 28th. BNP Paribas raised Amazon.com from a “hold” rating to a “strong-buy” rating in a report on Friday, June 27th. Finally, Susquehanna increased their target price on Amazon.com from $225.00 to $260.00 and gave the company a “positive” rating in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Amazon.com has a consensus rating of “Buy” and a consensus price target of $262.87.
Get Our Latest Report on Amazon.com
Insider Activity
In related news, CEO Douglas J. Herrington sold 4,784 shares of the firm’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $232.32, for a total transaction of $1,111,418.88. Following the completion of the sale, the chief executive officer directly owned 510,255 shares of the company’s stock, valued at approximately $118,542,441.60. This trade represents a 0.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the business’s stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $230.43, for a total value of $609,059,211.06. Following the transaction, the insider owned 883,779,901 shares of the company’s stock, valued at approximately $203,649,402,587.43. The trade was a 0.30% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 25,012,284 shares of company stock valued at $5,656,976,492. 9.70% of the stock is owned by insiders.
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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