MainStreet Investment Advisors LLC lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,222 shares of the e-commerce giant’s stock after selling 159 shares during the period. Amazon.com accounts for approximately 1.6% of MainStreet Investment Advisors LLC’s holdings, making the stock its 16th biggest position. MainStreet Investment Advisors LLC’s holdings in Amazon.com were worth $17,023,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its holdings in shares of Amazon.com by 2.0% during the fourth quarter. International Assets Investment Management LLC now owns 5,382 shares of the e-commerce giant’s stock valued at $17,945,000 after acquiring an additional 105 shares during the period. National Asset Management Inc. lifted its position in Amazon.com by 2.4% in the 4th quarter. National Asset Management Inc. now owns 19,330 shares of the e-commerce giant’s stock valued at $64,451,000 after purchasing an additional 459 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Amazon.com during the 4th quarter valued at about $2,059,691,000. First National Corp MA ADV grew its position in Amazon.com by 86.8% in the 4th quarter. First National Corp MA ADV now owns 964 shares of the e-commerce giant’s stock worth $3,213,000 after purchasing an additional 448 shares during the last quarter. Finally, Wayfinding Financial LLC acquired a new stake in shares of Amazon.com in the fourth quarter valued at approximately $789,000. Institutional investors and hedge funds own 72.51% of the company’s stock.
Amazon.com Trading Up 4.0 %
NASDAQ:AMZN opened at $139.52 on Thursday. The company’s 50 day moving average is $115.95 and its 200-day moving average is $134.74. The company has a quick ratio of 0.68, a current ratio of 0.95 and a debt-to-equity ratio of 0.44. Amazon.com, Inc. has a 12 month low of $101.26 and a 12 month high of $188.11. The firm has a market cap of $1.42 trillion, a price-to-earnings ratio of 125.08, a P/E/G ratio of 5.64 and a beta of 1.33.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on AMZN. Piper Sandler increased their price objective on Amazon.com from $170.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, July 29th. Royal Bank of Canada decreased their price target on Amazon.com from $194.00 to $175.00 in a research note on Friday, April 29th. Stifel Nicolaus raised their target price on shares of Amazon.com from $185.00 to $200.00 and gave the company a “maintains” rating in a research note on Friday, July 29th. Itaú Unibanco began coverage on Amazon.com in a research note on Tuesday, July 26th. They issued an “outperform” rating and a $146.00 price objective on the stock. Finally, StockNews.com raised Amazon.com from a “sell” rating to a “hold” rating in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and thirty have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $179.45.
Insider Activity at Amazon.com
In other news, CEO Andrew R. Jassy sold 1,181 shares of the company’s stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $2,262.00, for a total transaction of $2,671,422.00. Following the completion of the transaction, the chief executive officer now directly owns 92,781 shares in the company, valued at $209,870,622. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Andrew R. Jassy sold 1,181 shares of the business’s stock in a transaction on Monday, May 16th. The shares were sold at an average price of $2,262.00, for a total transaction of $2,671,422.00. Following the transaction, the chief executive officer now owns 92,781 shares of the company’s stock, valued at $209,870,622. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David H. Clark sold 2,270 shares of the firm’s stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $2,169.22, for a total transaction of $4,924,129.40. Following the completion of the sale, the chief executive officer now owns 6,695 shares in the company, valued at $14,522,927.90. The disclosure for this sale can be found here. Insiders sold a total of 4,803 shares of company stock worth $10,528,337 in the last 90 days. 12.70% of the stock is owned by company insiders.
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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.
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