HighTower Trust Services LTA reduced its holdings in Amazon.com, Inc. (NASDAQ: AMZN) by 2.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The company held 7,299 shares of the e-commerce giant after selling 158 shares during the period. Amazon.com accounts for approximately 2.3% of HighTower Trust Services LTA’s portfolio, making the stock its 7th largest holding. HighTower Trust Services LTA’s holdings on Amazon.com were worth $23,794,000 when it was last filed with the SEC.
Several other big investors have also recently bought and sold stocks. Stuart Chaussee & Associates Inc. bought a new position on Amazon.com in the fourth quarter worth about $27,000. Gibson Wealth Advisors LLC bought a new position on Amazon.com in Q4 worth $33,000. Leverty Financial Group LLC bought a new position on Amazon.com in Q4 worth $36,000. MBM Wealth Consultants LLC increased its stake in Amazon.com shares by 57.1% during the 4th quarter. MBM Wealth Consultants LLC now owns 11 shares of the e-commerce giant valued at $37,000 after buying 4 additional shares in the last quarter. Finally, William Allan LLC bought a new position in Amazon.com stock during Q4 valued at around $47,000. Institutional investors hold 72.51% of the company’s shares.
Separately, Chief Financial Officer Brian T. Olsavsky sold 761 shares of Amazon.com in a trade that took place on Monday, May 23. The stock was sold at an average price of $2,169.22, for a total transaction of $1,650,776.42. Following the sale, the CFO now directly owns 2,375 shares of the company, valued at $5,151,897.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, available at the SEC website. Additionally, CEO David H. Clark sold 2,270 shares of Amazon.com in a trade that took place on Monday, May 23. The shares were sold at an average price of $2,169.22, for a total value of $4,924,129.40. Following the sale, the CEO now owns 6,695 shares of the company, valued at $14,522,927.90. Disclosure of this sale can be found here. In the past 90 days, insiders have sold 4,803 shares of the company valued at $10,528,337. 12.70% of the shares are held by company insiders.
Shares of NASDAQ: AMZN opened at $110.40 on Thursday. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt ratio of 0.35. Amazon.com, Inc. has a 12-month low of $101.26 and a 12-month high of $188.11. The stock’s 50-day moving average is $111.78 and its 200-day moving average is $139.18. The company has a market capitalization of $1.12 trillion, a price/earnings ratio of 53.29, a PEG ratio of 3.48 and a beta of 1.25.
Amazon.com (NASDAQ: AMZN – Get a rating) last reported quarterly earnings data on Thursday, April 28. The e-commerce giant reported earnings per share (EPS) of $0.21 for the quarter, missing analyst consensus estimates of $0.44 per ($0.23). The company posted revenue of $116.44 billion in the quarter, versus a consensus estimate of $116.52 billion. Amazon.com had a net margin of 4.48% and a return on equity of 21.60%. The company’s revenue for the quarter increased 7.3% compared to the same quarter last year. In the same quarter last year, the company achieved EPS of $0.79. Stock research analysts expect Amazon.com, Inc. to post 1.17 earnings per share for the current fiscal year.
A number of equity research analysts have recently commented on the company. Benchmark lowered its target price on Amazon.com from $200.00 to $185.00 in a Friday, April 29 research report. JMP Securities lowered its target price on Amazon.com from $180.00 to $172.50 and set an “outperform” rating on the stock in a Wednesday, June 1 report. Susquehanna Bancshares cut its price target on Amazon.com shares from $250.00 to $190.00 in a Friday, April 29 research report. Tigress Financial reissued a “buy” rating and posted a target price of $232.00 on Amazon.com stock in a research report on Wednesday, June 29. Finally, Jefferies Financial Group reduced its target price on Amazon.com from $185.00 to $162.50 in a Tuesday, May 31 research report. Three research analysts gave the stock a sell rating, one gave the company a hold rating and thirty-seven gave the company a buy rating. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $184.32.
Amazon.co.uk profile (Get a rating)
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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