Summit Wealth & Retirement Planning Inc. lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 508 shares of the e-commerce giant’s stock after selling 10 shares during the quarter. Summit Wealth & Retirement Planning Inc.’s holdings in Amazon.com were worth $939,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Macroview Investment Management LLC boosted its stake in Amazon.com by 166.7% in the third quarter. Macroview Investment Management LLC now owns 16 shares of the e-commerce giant’s stock valued at $28,000 after acquiring an additional 10 shares in the last quarter. NewSquare Capital LLC grew its stake in Amazon.com by 533.3% during the 4th quarter. NewSquare Capital LLC now owns 19 shares of the e-commerce giant’s stock worth $35,000 after buying an additional 16 shares during the last quarter. Birch Capital Management LLC acquired a new position in Amazon.com during the fourth quarter worth approximately $46,000. Pflug Koory LLC increased its position in Amazon.com by 30.8% during the fourth quarter. Pflug Koory LLC now owns 34 shares of the e-commerce giant’s stock worth $63,000 after buying an additional 8 shares during the period. Finally, CXI Advisors purchased a new stake in Amazon.com in the fourth quarter valued at approximately $65,000. 58.14% of the stock is currently owned by institutional investors.
AMZN traded down $0.55 on Friday, hitting $1,883.75. 9,473,891 shares of the stock were exchanged, compared to its average volume of 4,839,895. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.10 and a quick ratio of 0.86. The firm has a market capitalization of $937.75 billion, a price-to-earnings ratio of 81.87, a PEG ratio of 2.65 and a beta of 1.58. Amazon.com, Inc. has a 12 month low of $1,586.57 and a 12 month high of $2,185.95. The business has a 50-day moving average of $1,986.64 and a two-hundred day moving average of $1,834.04.
In related news, VP Shelley Reynolds sold 380 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $2,135.14, for a total value of $811,353.20. Following the transaction, the vice president now directly owns 6,307 shares in the company, valued at approximately $13,466,327.98. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Brian T. Olsavsky sold 1,765 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $2,125.02, for a total value of $3,750,660.30. Following the completion of the transaction, the chief financial officer now owns 2,980 shares in the company, valued at $6,332,559.60. The disclosure for this sale can be found here. Insiders sold 725,162 shares of company stock valued at $1,482,988,915 in the last ninety days. 16.10% of the stock is currently owned by insiders.
A number of brokerages have recently issued reports on AMZN. Sanford C. Bernstein started coverage on shares of Amazon.com in a research report on Thursday, January 9th. They set a “market perform” rating and a $2,050.00 target price on the stock. Edward Jones upgraded shares of Amazon.com from a “hold” rating to a “buy” rating in a research report on Wednesday. Tigress Financial reiterated a “buy” rating on shares of Amazon.com in a research note on Tuesday, December 31st. JMP Securities reissued an “outperform” rating and set a $2,450.00 price objective (up from $2,250.00) on shares of Amazon.com in a research report on Friday, January 31st. Finally, Aegis lifted their price objective on shares of Amazon.com from $2,100.00 to $2,525.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating and forty-eight have issued a buy rating to the company. Amazon.com presently has an average rating of “Buy” and an average price target of $2,319.76.
Amazon.com Company Profile
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) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.
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