Atlas Legacy Advisors LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 2.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,548 shares of the e-commerce giant’s stock after buying an additional 371 shares during the period. Atlas Legacy Advisors LLC’s holdings in Amazon.com were worth $2,958,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of AMZN. Prudent Man Investment Management Inc. bought a new stake in shares of Amazon.com in the 4th quarter valued at approximately $27,000. LSV Asset Management bought a new stake in shares of Amazon.com in the 4th quarter valued at approximately $35,000. Perritt Capital Management Inc grew its stake in shares of Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after buying an additional 80 shares in the last quarter. Cooksen Wealth LLC bought a new stake in shares of Amazon.com in the 1st quarter valued at approximately $36,000. Finally, Inlight Wealth Management LLC bought a new stake in shares of Amazon.com in the 1st quarter valued at approximately $40,000. Institutional investors and hedge funds own 72.20% of the company’s stock.
Amazon.com Stock Performance
Shares of NASDAQ AMZN opened at $229.12 on Thursday. The business has a fifty day simple moving average of $223.48 and a 200 day simple moving average of $208.13. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $2.44 trillion, a price-to-earnings ratio of 34.93, a PEG ratio of 1.53 and a beta of 1.31. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on AMZN. Telsey Advisory Group reaffirmed an “outperform” rating and set a $265.00 target price on shares of Amazon.com in a research report on Wednesday, August 13th. Stifel Nicolaus upped their target price on Amazon.com from $245.00 to $262.00 and gave the stock a “buy” rating in a research report on Tuesday, July 29th. Royal Bank Of Canada upped their target price on Amazon.com from $230.00 to $240.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Roth Capital set a $250.00 target price on Amazon.com and gave the stock a “buy” rating in a research report on Tuesday, July 8th. Finally, Cantor Fitzgerald upped their target price on Amazon.com from $260.00 to $280.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com presently has an average rating of “Buy” and an average target price of $262.87.
Get Our Latest Analysis on AMZN
Insiders Place Their Bets
In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the transaction, the insider owned 897,722,088 shares of the company’s stock, valued at approximately $201,816,902,603.28. This represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 25,097,911 shares of company stock valued at $5,675,986,299 over the last quarter. Corporate insiders own 9.70% of the company’s stock.
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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