Albion Financial Group UT increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.4% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 251,191 shares of the e-commerce giant’s stock after acquiring an additional 5,852 shares during the quarter. Amazon.com accounts for 3.6% of Albion Financial Group UT’s portfolio, making the stock its 5th largest position. Albion Financial Group UT’s holdings in Amazon.com were worth $55,109,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in AMZN. Brighton Jones LLC boosted its holdings in shares of Amazon.com by 10.9% in the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock worth $885,478,000 after buying an additional 397,007 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of Amazon.com by 4.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant’s stock worth $5,495,000 after buying an additional 986 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its holdings in shares of Amazon.com by 2.8% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant’s stock worth $442,481,000 after buying an additional 54,987 shares during the last quarter. Highview Capital Management LLC DE raised its stake in Amazon.com by 5.5% during the 4th quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant’s stock worth $6,357,000 after acquiring an additional 1,518 shares during the period. Finally, Liberty Square Wealth Partners LLC bought a new stake in Amazon.com during the 4th quarter worth approximately $2,153,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.
Amazon.com Trading Down 5.0%
Shares of AMZN opened at $216.37 on Monday. The company’s fifty day moving average is $225.94 and its 200 day moving average is $211.97. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52. The stock has a market capitalization of $2.31 trillion, a PE ratio of 32.98, a P/E/G ratio of 1.43 and a beta of 1.28. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02.
Insider Buying and Selling
In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $217.10, for a total transaction of $542,750.00. Following the transaction, the chief executive officer owned 515,507 shares in the company, valued at $111,916,569.70. The trade was a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Brian T. Olsavsky sold 17,750 shares of the business’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $222.74, for a total transaction of $3,953,635.00. Following the transaction, the chief financial officer owned 49,000 shares in the company, valued at $10,914,260. This trade represents a 26.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,597,911 shares of company stock valued at $2,652,463,783 in the last three months. Corporate insiders own 10.80% of the company’s stock.
Analyst Ratings Changes
AMZN has been the topic of a number of recent analyst reports. Needham & Company LLC restated a “buy” rating and set a $265.00 target price on shares of Amazon.com in a research note on Friday, August 1st. Wells Fargo & Company upgraded shares of Amazon.com from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $245.00 to $280.00 in a research note on Wednesday, September 24th. Mizuho set a $300.00 target price on shares of Amazon.com and gave the stock an “outperform” rating in a research note on Monday, September 29th. Robert W. Baird lifted their price objective on shares of Amazon.com from $220.00 to $244.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. Finally, UBS Group reiterated a “buy” rating and set a $271.00 price objective (up previously from $249.00) on shares of Amazon.com in a research report on Monday, July 28th. Three research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $266.26.
View Our Latest Analysis on Amazon.com
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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