MWA Asset Management reduced its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,995 shares of the e-commerce giant’s stock after selling 343 shares during the quarter. Amazon.com makes up 2.9% of MWA Asset Management’s portfolio, making the stock its 5th largest holding. MWA Asset Management’s holdings in Amazon.com were worth $4,185,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of AMZN. Castlekeep Investment Advisors LLC acquired a new position in shares of Amazon.com during the fourth quarter worth approximately $25,000. LSV Asset Management bought a new position in Amazon.com in the fourth quarter valued at about $35,000. Cooksen Wealth LLC bought a new stake in shares of Amazon.com in the 1st quarter valued at about $36,000. Inlight Wealth Management LLC bought a new stake in shares of Amazon.com in the 1st quarter valued at about $40,000. Finally, Capitol Family Office Inc. bought a new stake in shares of Amazon.com in the 1st quarter valued at about $42,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.
Amazon.com Trading Up 4.3%
AMZN stock opened at $235.68 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The company has a fifty day moving average price of $225.56 and a two-hundred day moving average price of $208.09. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The stock has a market cap of $2.51 trillion, a price-to-earnings ratio of 35.93, a price-to-earnings-growth ratio of 1.52 and a beta of 1.30.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the company. JMP Securities reiterated a “market outperform” rating and set a $285.00 price objective on shares of Amazon.com in a report on Friday, August 1st. Pivotal Research lifted their price objective on Amazon.com from $260.00 to $285.00 and gave the company a “buy” rating in a report on Friday, August 1st. Cantor Fitzgerald lifted their price objective on Amazon.com from $260.00 to $280.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Bank of America lifted their price objective on Amazon.com from $265.00 to $272.00 and gave the company a “buy” rating in a report on Friday, August 1st. Finally, Stifel Nicolaus lifted their price objective on Amazon.com from $245.00 to $262.00 and gave the company a “buy” rating in a report on Tuesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $262.87.
Check Out Our Latest Research Report on Amazon.com
Insiders Place Their Bets
In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction on Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the transaction, the insider owned 897,722,088 shares in the company, valued at $201,816,902,603.28. This trade represents a 0.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders sold 25,097,911 shares of company stock worth $5,676,032,574. 9.70% of the stock is owned by company insiders.
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.
Read More
- Five stocks we like better than Amazon.com
- Utilities Stocks Explained – How and Why to Invest in Utilities
- Affirm Crushes Earnings Expectations, Turns Bears into Believers
- Using the MarketBeat Dividend Tax Calculator
- Analysts See Big Upside for These 3 Retail Stocks
- Stock Ratings and Recommendations: Understanding Analyst Ratings
- Buy the Dip? GitLab’s Bullish Case Outweighs the Bears
Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN – Free Report).
Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.