Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Western … – MarketBeat


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Western Pacific Wealth Management LP boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZNGet Rating) by 11.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 37,157 shares of the e-commerce giant’s stock after acquiring an additional 3,728 shares during the quarter. Amazon.com comprises about 4.2% of Western Pacific Wealth Management LP’s investment portfolio, making the stock its 3rd biggest holding. Western Pacific Wealth Management LP’s holdings in Amazon.com were worth $4,198,000 at the end of the most recent quarter.
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Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bridgefront Capital LLC bought a new stake in Amazon.com in the first quarter worth about $228,000. Krane Funds Advisors LLC lifted its stake in Amazon.com by 239.1% during the first quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock valued at $254,000 after buying an additional 55 shares in the last quarter. Range Financial Group LLC purchased a new stake in Amazon.com during the first quarter valued at about $258,000. My Personal CFO LLC purchased a new stake in Amazon.com during the first quarter valued at about $261,000. Finally, Worth Asset Management LLC purchased a new stake in Amazon.com during the first quarter valued at about $191,000. 57.64% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on AMZN. Bank of America reduced their price objective on shares of Amazon.com from $157.00 to $137.00 and set a “buy” rating for the company in a research note on Friday, October 28th. Needham & Company LLC reduced their price objective on shares of Amazon.com from $175.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, October 28th. Wolfe Research reduced their price objective on shares of Amazon.com from $150.00 to $130.00 and set an “outperform” rating for the company in a research note on Friday, October 28th. JMP Securities reduced their price objective on shares of Amazon.com from $150.00 to $140.00 and set an “outperform” rating for the company in a research note on Friday, October 28th. Finally, Oppenheimer reduced their price target on shares of Amazon.com from $165.00 to $130.00 and set an “outperform” rating for the company in a research report on Friday, October 28th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and forty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and an average price target of $145.87.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 7,456 shares of the firm’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $94.00, for a total value of $700,864.00. Following the completion of the transaction, the chief executive officer now directly owns 533,435 shares of the company’s stock, valued at $50,142,890. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Amazon.com news, CFO Brian T. Olsavsky sold 15,240 shares of Amazon.com stock in a transaction on Monday, November 21st. The stock was sold at an average price of $94.00, for a total transaction of $1,432,560.00. Following the completion of the transaction, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at $4,606,000. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 7,456 shares of Amazon.com stock in a transaction on Monday, November 21st. The shares were sold at an average price of $94.00, for a total value of $700,864.00. Following the transaction, the chief executive officer now directly owns 533,435 shares of the company’s stock, valued at $50,142,890. The disclosure for this sale can be found here. Insiders sold a total of 52,428 shares of company stock valued at $5,077,578 over the last ninety days. 12.70% of the stock is owned by company insiders.

Amazon.com Stock Up 3.8 %

Shares of AMZN stock opened at $97.25 on Monday. The stock has a market cap of $992.11 billion, a P/E ratio of 89.26, a price-to-earnings-growth ratio of 3.06 and a beta of 1.22. Amazon.com, Inc. has a one year low of $81.43 and a one year high of $170.83. The stock has a fifty day moving average price of $90.72 and a 200 day moving average price of $110.23. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.94 and a quick ratio of 0.68.
Amazon.com (NASDAQ:AMZNGet Rating) last issued its earnings results on Thursday, October 27th. The e-commerce giant reported $0.20 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.02). The firm had revenue of $127.10 billion during the quarter, compared to the consensus estimate of $127.47 billion. Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. The firm’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period last year, the business earned $0.31 earnings per share. Analysts predict that Amazon.com, Inc. will post 0.68 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 business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North American-focused websites such as www.amazon.com and www.amazon.ca.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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