Outfitter Financial LLC raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 10.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 21,140 shares of the e-commerce giant’s stock after buying an additional 1,964 shares during the period. Amazon.com comprises approximately 3.7% of Outfitter Financial LLC’s investment portfolio, making the stock its 3rd biggest holding. Outfitter Financial LLC’s holdings in Amazon.com were worth $4,638,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the stock. Quattro Financial Advisors LLC grew its position in shares of Amazon.com by 23.8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after purchasing an additional 45 shares in the last quarter. White Wing Wealth Management grew its position in Amazon.com by 2.4% in the fourth quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant’s stock worth $433,000 after acquiring an additional 47 shares in the last quarter. MBM Wealth Consultants LLC grew its position in Amazon.com by 0.6% in the fourth quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant’s stock worth $1,889,000 after acquiring an additional 48 shares in the last quarter. Semus Wealth Partners LLC boosted its position in Amazon.com by 0.3% during the third quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant’s stock valued at $3,339,000 after buying an additional 49 shares during the period. Finally, GGM Financials LLC boosted its position in Amazon.com by 2.1% during the fourth quarter. GGM Financials LLC now owns 2,463 shares of the e-commerce giant’s stock valued at $540,000 after buying an additional 50 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.
Insiders Place Their Bets
In other Amazon.com news, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the sale, the chief executive officer now owns 497,067 shares of the company’s stock, valued at approximately $114,459,618.09. The trade was a 5.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 8,833 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $26,647,456.60. The trade was a 6.87 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 102,298 shares of company stock valued at $22,871,828. Company insiders own 10.80% of the company’s stock.
Amazon.com Price Performance
Shares of AMZN opened at $196.21 on Friday. The company has a market capitalization of $2.08 trillion, a P/E ratio of 35.48, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The firm has a 50 day moving average of $218.90 and a 200 day moving average of $208.19. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52.
Amazon.com (NASDAQ:AMZN – Get Free Report) last posted its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several analysts have issued reports on AMZN shares. Citigroup restated a “buy” rating on shares of Amazon.com in a research report on Thursday, February 13th. HSBC upped their price target on shares of Amazon.com from $225.00 to $270.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Telsey Advisory Group restated an “outperform” rating and set a $275.00 price target on shares of Amazon.com in a research report on Friday, February 7th. Raymond James upped their price target on shares of Amazon.com from $260.00 to $275.00 in a research report on Monday, February 10th. Finally, Phillip Securities downgraded shares of Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $260.65.
View Our Latest Report on AMZN
About Amazon.com
(Free Report)
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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