PCA Investment Advisory Services Inc. boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 11,523 shares of the e-commerce giant’s stock after acquiring an additional 319 shares during the period. Amazon.com makes up approximately 1.2% of PCA Investment Advisory Services Inc.’s portfolio, making the stock its 20th largest position. PCA Investment Advisory Services Inc.’s holdings in Amazon.com were worth $2,528,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Heritage Family Offices LLP acquired a new position in shares of Amazon.com during the 2nd quarter worth approximately $206,000. Equita Financial Network Inc. raised its position in Amazon.com by 6.1% during the second quarter. Equita Financial Network Inc. now owns 1,879 shares of the e-commerce giant’s stock worth $363,000 after acquiring an additional 108 shares during the period. Graypoint LLC grew its position in shares of Amazon.com by 4.0% in the second quarter. Graypoint LLC now owns 83,867 shares of the e-commerce giant’s stock valued at $16,207,000 after purchasing an additional 3,247 shares during the period. Confluence Wealth Services Inc. raised its position in shares of Amazon.com by 7.5% during the 2nd quarter. Confluence Wealth Services Inc. now owns 26,760 shares of the e-commerce giant’s stock worth $5,171,000 after purchasing an additional 1,876 shares during the last quarter. Finally, Nicola Wealth Management LTD. lifted its stake in Amazon.com by 22.2% in the 2nd quarter. Nicola Wealth Management LTD. now owns 66,000 shares of the e-commerce giant’s stock valued at $12,754,000 after buying an additional 12,000 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on AMZN shares. Morgan Stanley increased their target price on Amazon.com from $230.00 to $280.00 and gave the company an “overweight” rating in a report on Monday, January 13th. BMO Capital Markets reaffirmed an “outperform” rating and set a $236.00 target price on shares of Amazon.com in a research note on Tuesday, December 3rd. Moffett Nathanson increased their target price on shares of Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Sanford C. Bernstein boosted their price target on shares of Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Finally, Scotiabank increased their price objective on shares of Amazon.com from $246.00 to $306.00 and gave the company a “sector outperform” rating in a report on Friday. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $249.02.
Amazon.com Price Performance
Shares of NASDAQ:AMZN opened at $234.85 on Friday. The firm has a market capitalization of $2.47 trillion, a price-to-earnings ratio of 50.29, a price-to-earnings-growth ratio of 1.31 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The business’s 50 day simple moving average is $220.27 and its 200-day simple moving average is $197.47. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $236.40.
Amazon.com (NASDAQ:AMZN – Get Free Report) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $157.28 billion. During the same period in the previous year, the business earned $0.85 earnings per share. Amazon.com’s quarterly revenue was up 11.0% compared to the same quarter last year. As a group, equities analysts forecast that Amazon.com, Inc. will post 5.39 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $208.85, for a total value of $625,790,203.70. Following the sale, the insider now owns 917,416,976 shares of the company’s stock, valued at approximately $191,602,535,437.60. This represents a 0.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jonathan Rubinstein sold 5,004 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $199.85, for a total value of $1,000,049.40. Following the transaction, the director now directly owns 99,396 shares of the company’s stock, valued at $19,864,290.60. The trade was a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,032,344 shares of company stock worth $1,253,456,822 in the last three months. Corporate insiders own 10.80% of the company’s stock.
Amazon.com Company Profile
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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