Pendal Group Ltd boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 35.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 247,569 shares of the e-commerce giant's stock after buying an additional 65,451 shares during the period. Pendal Group Ltd's holdings in Amazon.com were worth $20,796,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cliftonlarsonallen Wealth Advisors LLC increased its stake in Amazon.com by 1.1% during the fourth quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 23,426 shares of the e-commerce giant's stock worth $1,968,000 after purchasing an additional 261 shares during the period. HHM Wealth Advisors LLC increased its stake in Amazon.com by 11.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 19,376 shares of the e-commerce giant's stock worth $1,628,000 after purchasing an additional 1,925 shares during the period. Curbstone Financial Management Corp increased its stake in Amazon.com by 4.3% during the fourth quarter. Curbstone Financial Management Corp now owns 40,478 shares of the e-commerce giant's stock worth $3,400,000 after purchasing an additional 1,660 shares during the period. Kingfisher Capital LLC increased its stake in Amazon.com by 9.0% during the fourth quarter. Kingfisher Capital LLC now owns 37,963 shares of the e-commerce giant's stock worth $3,189,000 after purchasing an additional 3,123 shares during the period. Finally, Procyon Advisors LLC increased its stake in Amazon.com by 27.5% during the fourth quarter. Procyon Advisors LLC now owns 78,693 shares of the e-commerce giant's stock worth $6,610,000 after purchasing an additional 16,986 shares during the period. 57.64% of the stock is currently owned by hedge funds and other institutional investors.
Get Amazon.com alerts:Insiders Place Their Bets
In other Amazon.com news, VP Shelley Reynolds sold 3,500 shares of the stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total value of $332,185.00. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at $11,368,319.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, VP Shelley Reynolds sold 3,500 shares of the firm's stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total value of $332,185.00. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at $11,368,319.80. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Adam Selipsky sold 5,100 shares of the firm's stock in a transaction on Thursday, February 2nd. The shares were sold at an average price of $111.43, for a total value of $568,293.00. Following the completion of the transaction, the chief executive officer now owns 124,180 shares of the company's stock, valued at approximately $13,837,377.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 73,693 shares of company stock worth $7,225,308. 12.70% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
A number of analysts have issued reports on the stock. Wedbush cut their price target on shares of Amazon.com from $140.00 to $125.00 and set an "outperform" rating on the stock in a research note on Friday, February 3rd. Benchmark boosted their price objective on Amazon.com from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Friday, February 3rd. Roth Capital reissued a "buy" rating on shares of Amazon.com in a research report on Friday, February 3rd. Evercore ISI boosted their price objective on Amazon.com from $150.00 to $160.00 and gave the stock an "outperform" rating in a research report on Friday, February 3rd. Finally, Needham & Company LLC reissued a "buy" rating and set a $120.00 price objective on shares of Amazon.com in a research report on Friday, February 3rd. Three investment analysts have rated the stock with a hold rating and forty-one have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $144.93.
Amazon.com Price Performance
Amazon.com stock opened at $103.29 on Friday. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $170.83. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.72. The business has a 50 day simple moving average of $97.98 and a 200-day simple moving average of $99.46. The stock has a market capitalization of $1.06 trillion, a PE ratio of -385.40, a price-to-earnings-growth ratio of 4.15 and a beta of 1.25.
Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.12). Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. The company had revenue of $149.20 billion for the quarter, compared to analysts' expectations of $145.72 billion. During the same quarter last year, the company earned $1.39 EPS. Amazon.com's revenue for the quarter was up 8.6% compared to the same quarter last year. Equities analysts predict that Amazon.com, Inc. will post 1.33 earnings per share for the current year.
Amazon.com Profile
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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.
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