Other institutional investors also recently added to or reduced their stakes in the company. Mayflower Financial Advisors LLC increased its position in Amazon.com by 0.3% in the 3rd quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock worth $25,000 after buying an additional 572 shares during the period. PayPay Securities Corp increased its position in shares of Amazon.com by 54.3% during the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after purchasing an additional 94 shares during the period. Laurel Wealth Planning LLC increased its position in shares of Amazon.com by 1,900.0% during the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after purchasing an additional 304 shares during the period. Sanctuary Wealth Management L.L.C. bought a new stake in shares of Amazon.com during the fourth quarter valued at approximately $37,000. Finally, Swaine & Leidel Wealth Services LLC bought a new stake in shares of Amazon.com during the first quarter valued at approximately $38,000. 72.20% of the stock is owned by institutional investors.
Amazon.com Trading Up 0.3 %
NASDAQ AMZN opened at $185.67 on Wednesday. The stock has a 50-day simple moving average of $174.83 and a 200 day simple moving average of $154.13. The company has a market capitalization of $1.93 trillion, a PE ratio of 64.02, a P/E/G ratio of 1.61 and a beta of 1.17. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. Amazon.com, Inc. has a 12 month low of $97.71 and a 12 month high of $187.34.
Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The business had revenue of $169.96 billion during the quarter, compared to the consensus estimate of $165.96 billion. During the same quarter in the prior year, the company posted $0.21 earnings per share. The firm’s revenue was up 13.9% on a year-over-year basis. Research analysts forecast that Amazon.com, Inc. will post 4.08 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the company. Wells Fargo & Company boosted their price objective on Amazon.com from $211.00 to $217.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. The Goldman Sachs Group boosted their price objective on Amazon.com from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Needham & Company LLC boosted their price objective on Amazon.com from $175.00 to $205.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Piper Sandler boosted their price target on Amazon.com from $185.00 to $205.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Finally, Canaccord Genuity Group boosted their price target on Amazon.com from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $198.09.
View Our Latest Report on Amazon.com
Insiders Place Their Bets
In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $155.72, for a total value of $77,860.00. Following the completion of the sale, the chief executive officer now directly owns 116,560 shares in the company, valued at $18,150,723.20. The sale was disclosed in a filing with the Securities & Exchange Commission,…
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