Signet Financial Management LLC decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,333 shares of the e-commerce giant’s stock after selling 46 shares during the period. Amazon.com makes up approximately 0.9% of Signet Financial Management LLC’s holdings, making the stock its 28th biggest position. Signet Financial Management LLC’s holdings in Amazon.com were worth $7,094,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. Icon Wealth Advisors LLC boosted its position in shares of Amazon.com by 20.5% during the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after buying an additional 25,581 shares during the last quarter. PayPay Securities Corp lifted its stake in Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after acquiring an additional 64 shares during the period. Hoese & Co LLP purchased a new stake in shares of Amazon.com during the 3rd quarter valued at about $37,000. Bull Oak Capital LLC bought a new stake in shares of Amazon.com in the third quarter worth approximately $45,000. Finally, Values First Advisors Inc. purchased a new position in shares of Amazon.com during the third quarter valued at approximately $56,000. 72.20% of the stock is owned by hedge funds and other institutional investors.
Amazon.com Stock Performance
Shares of NASDAQ:AMZN opened at $234.85 on Friday. The firm has a fifty day simple moving average of $219.63 and a two-hundred day simple moving average of $197.22. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $236.40. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $2.47 trillion, a P/E ratio of 50.29, a PEG ratio of 1.31 and a beta of 1.14.
Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same quarter last year, the business posted $0.85 earnings per share. The firm’s revenue was up 11.0% on a year-over-year basis. On average, analysts expect that Amazon.com, Inc. will post 5.39 earnings per share for the current fiscal year.
Insider Activity
In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction on Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the transaction, the director now directly owns 88,203 shares of the company’s stock, valued at $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the sale, the director now directly owns 24,912 shares in the company, valued at approximately $4,958,982.72. This represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,032,344 shares of company stock valued at $1,253,456,822. 10.80% of the stock is currently owned by insiders.
Analysts Set New Price Targets
A number of research firms have commented on AMZN. Rosenblatt Securities lifted their target price on shares of Amazon.com from $221.00 to $236.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Susquehanna lifted their price objective on Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a report on Friday, November 1st. UBS Group upped their price objective on Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a research report on Monday, December 16th. HSBC raised their target price on Amazon.com from $225.00 to $270.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Finally, Benchmark increased their price objective on shares of Amazon.com from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $249.02.
Check Out Our Latest Stock Report on Amazon.com
Amazon.com Company Profile
(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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