Fiduciary Financial Group LLC Purchases 9,708 Shares of Amazon.com, Inc. $AMZN

Fiduciary Financial Group LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 81.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 21,585 shares of the e-commerce giant’s stock after purchasing an additional 9,708 shares during the period. Amazon.com comprises 0.7% of Fiduciary Financial Group LLC’s holdings, making the stock its 26th largest position. Fiduciary Financial Group LLC’s holdings in Amazon.com were worth $4,982,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Amazon.com by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 849,721,601 shares of the e-commerce giant’s stock valued at $186,420,422,000 after purchasing an additional 17,447,045 shares during the period. State Street Corp increased its position in Amazon.com by 2.0% during the 3rd quarter. State Street Corp now owns 381,681,441 shares of the e-commerce giant’s stock worth $83,805,794,000 after buying an additional 7,584,156 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Amazon.com by 1.7% during the second quarter. Geode Capital Management LLC now owns 216,717,657 shares of the e-commerce giant’s stock worth $47,332,625,000 after buying an additional 3,721,658 shares in the last quarter. Norges Bank acquired a new stake in shares of Amazon.com during the second quarter worth $27,438,011,000. Finally, Northern Trust Corp boosted its position in shares of Amazon.com by 0.3% in the first quarter. Northern Trust Corp now owns 97,379,134 shares of the e-commerce giant’s stock valued at $18,527,354,000 after acquiring an additional 302,858 shares during the period. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 6,835 shares of Amazon.com stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $205.82, for a total value of $1,406,779.70. Following the transaction, the chief executive officer owned 522,361 shares in the company, valued at approximately $107,512,341.02. This trade represents a 1.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 2,695 shares of the business’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $205.90, for a total value of $554,900.50. Following the transaction, the vice president directly owned 119,780 shares of the company’s stock, valued at $24,662,702. This trade represents a 2.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 71,686 shares of company stock valued at $14,688,739. 10.80% of the stock is currently owned by insiders.

Amazon.com Price Performance

AMZN stock opened at $200.95 on Tuesday. The company’s 50-day moving average price is $215.66 and its two-hundred day moving average price is $224.87. The firm has a market cap of $2.16 trillion, a P/E ratio of 28.03, a P/E/G ratio of 1.49 and a beta of 1.40. The company has a quick ratio of 0.88, a current ratio of 1.05 and a debt-to-equity ratio of 0.16. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $258.60.

Amazon.com (NASDAQ:AMZNGet Free Report) last issued its quarterly earnings results on Thursday, February 5th. The e-commerce giant reported $1.95 earnings per share for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.02). The firm had revenue of $213.39 billion for the quarter, compared to the consensus estimate of $211.02 billion. Amazon.com had a return on equity of 21.87% and a net margin of 10.83%.The business’s revenue was up 13.6% on a year-over-year basis. During the same period last year, the company posted $1.86 EPS. On average, analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Amazon.com News Roundup

Here are the key news stories impacting Amazon.com this week:

Analysts Set New Price Targets

A number of equities analysts recently commented on AMZN shares. BMO Capital Markets reaffirmed an “outperform” rating and set a $310.00 price target (up from $304.00) on shares of Amazon.com in a research report on Tuesday, February 3rd. Scotiabank reissued an “outperform” rating and issued a $275.00 price objective (down from $300.00) on shares of Amazon.com in a report on Friday, February 6th. Benchmark restated a “buy” rating on shares of Amazon.com in a research report on Thursday, January 29th. Wolfe Research lowered their target price on shares of Amazon.com from $255.00 to $250.00 and set an “outperform” rating on the stock in a report on Thursday, March 19th. Finally, Roth Mkm reiterated a “buy” rating and issued a $295.00 price target (up from $270.00) on shares of Amazon.com in a research report on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, fifty-three have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $286.57.

Check Out Our Latest Stock Analysis on Amazon.com

About Amazon.com

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

See Also

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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