Outlook Wealth Advisors LLC lowered its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 3.9% during the 1st quarter, HoldingsChannel.com reports. The firm owned 4,150 shares of the e-commerce giant’s stock after selling 167 shares during the quarter. Outlook Wealth Advisors LLC’s holdings in Amazon.com were worth $790,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of AMZN. Tallon Kerry Patrick bought a new stake in Amazon.com during the 4th quarter worth approximately $800,000. Capital & Planning LLC increased its holdings in Amazon.com by 72.1% during the 4th quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant’s stock worth $856,000 after acquiring an additional 1,635 shares during the period. LaFleur & Godfrey LLC increased its holdings in Amazon.com by 1.8% during the 4th quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant’s stock worth $10,839,000 after acquiring an additional 860 shares during the period. Brighton Jones LLC increased its holdings in Amazon.com by 10.9% during the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock worth $885,478,000 after acquiring an additional 397,007 shares during the period. Finally, Union Bancaire Privee UBP SA bought a new stake in Amazon.com during the 4th quarter worth approximately $301,650,000. Institutional investors own 72.20% of the company’s stock.
Amazon.com Trading Down 1.3%
Shares of AMZN opened at $209.69 on Monday. The stock has a market capitalization of $2.23 trillion, a P/E ratio of 34.15, a PEG ratio of 1.58 and a beta of 1.34. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The firm has a fifty day simple moving average of $198.41 and a two-hundred day simple moving average of $209.17. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52.
Insiders Place Their Bets
In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $190.67, for a total value of $476,675.00. Following the completion of the transaction, the chief executive officer now directly owns 506,974 shares in the company, valued at approximately $96,664,732.58. This represents a 0.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 2,695 shares of the company’s stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total transaction of $541,129.05. Following the completion of the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $24,050,626.20. This trade represents a 2.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 102,037 shares of company stock worth $20,531,075. 10.80% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on AMZN. Benchmark reaffirmed a “buy” rating and set a $260.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Amazon.com from $287.00 to $206.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Citigroup reissued a “buy” rating on shares of Amazon.com in a report on Monday, June 2nd. Raymond James Financial reissued an “outperform” rating and issued a $195.00 price target (down previously from $275.00) on shares of Amazon.com in a report on Monday, April 21st. Finally, Wedbush reissued an “outperform” rating and issued a $235.00 price target (up previously from $225.00) on shares of Amazon.com in a report on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $245.53.
View Our Latest Stock Report on Amazon.com
Amazon.com 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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