Abundance Wealth Counselors lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 20.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,045 shares of the e-commerce giant’s stock after acquiring an additional 180 shares during the period. Amazon.com makes up about 0.9% of Abundance Wealth Counselors’ investment portfolio, making the stock its 16th largest holding. Abundance Wealth Counselors’ holdings in Amazon.com were worth $3,407,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently made changes to their positions in the company. Stuart Chaussee & Associates Inc. bought a new stake in shares of Amazon.com during the fourth quarter worth $27,000. Gibson Wealth Advisors LLC bought a new stake in Amazon.com during the 4th quarter worth about $33,000. Leverty Financial Group LLC bought a new stake in Amazon.com during the 4th quarter worth about $36,000. MBM Wealth Consultants LLC boosted its stake in shares of Amazon.com by 57.1% during the 4th quarter. MBM Wealth Consultants LLC now owns 11 shares of the e-commerce giant’s stock worth $37,000 after buying an additional 4 shares during the last quarter. Finally, William Allan LLC bought a new position in shares of Amazon.com in the 4th quarter valued at about $47,000. Institutional investors own 72.51% of the company’s stock.
Analyst Upgrades and Downgrades
AMZN has been the topic of several analyst reports. Needham & Company LLC dropped their target price on Amazon.com from $207.50 to $175.00 in a report on Friday, April 29th. Deutsche Bank Aktiengesellschaft dropped their target price on Amazon.com from $174.00 to $155.00 in a report on Thursday, July 21st. JPMorgan Chase & Co. dropped their target price on Amazon.com from $200.00 to $175.00 and set an “overweight” rating on the stock in a report on Wednesday, June 29th. Barclays dropped their target price on Amazon.com to $195.00 and set an “overweight” rating on the stock in a report on Friday, July 15th. Finally, Stifel Nicolaus dropped their target price on Amazon.com from $190.00 to $185.00 in a report on Friday, July 15th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and forty have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $177.52.
Amazon.com Stock Up 1.1 %
Shares of AMZN opened at $122.28 on Friday. Amazon.com, Inc. has a 52 week low of $101.26 and a 52 week high of $188.11. The stock has a market capitalization of $1.24 trillion, a price-to-earnings ratio of 59.03, a PEG ratio of 4.38 and a beta of 1.25. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.71 and a current ratio of 0.96. The stock has a fifty day moving average of $113.59 and a 200-day moving average of $135.51.
Amazon.com (NASDAQ:AMZN – Get Rating) last announced its quarterly earnings results on Thursday, April 28th. The e-commerce giant reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.23). Amazon.com had a net margin of 4.48% and a return on equity of 21.60%. The firm had revenue of $116.44 billion during the quarter, compared to the consensus estimate of $116.52 billion. During the same quarter in the previous year, the company posted $0.79 earnings per share. The firm’s revenue was up 7.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 1.12 earnings per share for the current fiscal year.
In other news, CEO Andrew R. Jassy sold 1,181 shares of the stock in a transaction on Monday, May 16th. The stock was sold at an average price of $2,262.00, for a total value of $2,671,422.00. Following the completion of the transaction, the chief executive officer now directly owns 92,781 shares in the company, valued at approximately $209,870,622. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Andrew R. Jassy sold 1,181 shares of the firm’s stock in a transaction on Monday, May 16th. The stock was sold at an average price of $2,262.00, for a total transaction of $2,671,422.00. Following the completion of the transaction, the chief executive officer now directly owns 92,781 shares of the company’s stock, valued at approximately $209,870,622. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 173 shares of the firm’s stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $2,169.22, for a total value of $375,275.06. Following the transaction, the vice president now directly owns 5,989 shares of the company’s stock, valued at $12,991,458.58. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,803 shares of company stock worth $10,528,337. Insiders own 12.70% of the company’s stock.
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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