Asset Allocation & Management Company LLC acquired a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the first quarter, Holdings Channel.com reports. The fund acquired 175 shares of the e-commerce giant, valued at around $570,000.
Other large investors have also recently changed their holdings in the company. Koshinski Asset Management Inc. increased its stake in Amazon.com shares by 1.7% in the fourth quarter. Koshinski Asset Management Inc. now owns 4,386 shares of the e-commerce giant worth $14,624,000 after buying 75 more shares in the last quarter. Atlas Private Wealth Advisors acquired a new position on Amazon.com in the first quarter worth $6,229,000. Legacy Private Trust Co. increased its stake in Amazon.com by 60.0% in the first quarter. Legacy Private Trust Co. now owns 4,058 shares of the e-commerce giant worth $13,229,000 after purchasing an additional 1,522 shares during the period. Gilman Hill Asset Management LLC increased its stake in Amazon.com by 10.5% in the fourth quarter. Gilman Hill Asset Management LLC now owns 749 shares of the e-commerce giant worth $2,497,000 after buying 71 additional shares during the period. Finally, Ritholtz Wealth Management increased its stake in Amazon.com by 6.7% in the fourth quarter. Ritholtz Wealth Management now owns 3,635 shares of the e-commerce giant worth $12,120,000 after purchasing an additional 228 shares during the period. Institutional investors and hedge funds hold 72.51% of the company’s shares.
A number of research companies have commented on AMZN. Citigroup began covering Amazon.com shares in a Wednesday, April 20, report. They issued a “buy” rating and a price target of $205.00 for the company. Piper Sandler cut her price target on Amazon.com shares from $195.00 to $170.00 and set an “overweight” rating for the company in a Friday, April 29 report. Jefferies Financial Group cut its price target on Amazon.com shares from $185.00 to $162.50 in a Tuesday, May 31 report. Exane BNP Paribas began covering Amazon.com shares in a report on Tuesday, March 29. They set an “underperforming” rating and a price target of $140.00 for the company. Finally, Canaccord Genuity Group cut its price target on Amazon.com shares from $210.00 to $187.50 in a Friday, April 29 report. Three research analysts rated the stock with a sell rating, one gave the company a hold rating and thirty-seven gave the company’s stock a buy rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $187.07.
Separately, CEO Adam Selipsky sold 34 shares of the company in a trade that took place on Wednesday, March 30. The stock was sold at an average price of $3,370.19, for a total value of $114,586.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Additionally, CEO David H. Clark sold 2,270 shares of the company in a trade that took place on Monday, May 23. The shares were sold at an average price of $2,169.22, for a total value of $4,924,129.40. Following the completion of the sale, the CEO now directly owns 6,695 shares of the company, valued at approximately $14,522,927.90. The disclosure of this sale can be found here. In the past ninety days, insiders have sold 4,837 shares of the company worth $10,642,923. Insiders of the company hold 12.70% of the shares of the company.
The NASDAQ AMZN opened at $116.46 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt ratio of 0.35. Amazon.com, Inc. has a 1-year minimum of $101.26 and a 1-year maximum of $188.65. The stock’s 50-day moving average price is $119.35 and its two-hundred-day moving average price is $144.59. The company has a market capitalization of $1.18 trillion, a PE ratio of 56.22, a PEG ratio of 3.33 and a beta of 1.23.
Amazon.com (NASDAQ:AMZN – Get Rating) last released its results on Thursday, April 28. The e-commerce giant reported earnings per share of $0.21 for the quarter, missing the consensus estimate of $0.44 per ($0.23). Amazon.com had a net margin of 4.48% and a return on equity of 21.60%. The company posted revenue of $116.44 billion for the quarter, versus $116.52 billion expected by analysts. During the same period last year, the company achieved EPS of $0.79. The company’s revenue increased by 7.3% compared to the same quarter last year. Research analysts expect Amazon.com, Inc. to post EPS of 1.22 for the current fiscal year.
About Amazon.com (Get an assessment)
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The Company operates through three segments: North America, International and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.
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