Physicians Financial Services Inc. reduced its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,820 shares of the e-commerce giant’s stock after selling 2,827 shares during the quarter. Amazon.com comprises 5.0% of Physicians Financial Services Inc.’s investment portfolio, making the stock its 2nd biggest position. Physicians Financial Services Inc.’s holdings in Amazon.com were worth $10,263,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the business. Kavar Capital Partners Group LLC lifted its stake in Amazon.com by 7.6% in the 1st quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock worth $3,654,000 after purchasing an additional 79 shares in the last quarter. IFM Investors Pty Ltd lifted its stake in Amazon.com by 21.8% in the 1st quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock worth $237,686,000 after purchasing an additional 13,060 shares in the last quarter. Ironwood Wealth Management LLC. lifted its stake in Amazon.com by 0.8% in the 1st quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock worth $5,901,000 after purchasing an additional 15 shares in the last quarter. Markel Corp lifted its stake in Amazon.com by 0.6% in the 1st quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock worth $322,956,000 after purchasing an additional 550 shares in the last quarter. Finally, Leelyn Smith LLC increased its holdings in shares of Amazon.com by 24.8% in the 1st quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock worth $8,870,000 after buying an additional 540 shares during the last quarter. 57.64% of the stock is currently owned by hedge funds and other institutional investors.
Amazon.com Stock Up 3.6 %
NASDAQ:AMZN opened at $86.08 on Friday. The firm has a market cap of $878.16 billion, a P/E ratio of 79.01, a P/E/G ratio of 2.71 and a beta of 1.22. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.68 and a current ratio of 0.94. Amazon.com, Inc. has a fifty-two week low of $81.43 and a fifty-two week high of $170.83. The firm has a 50-day simple moving average of $90.51 and a two-hundred day simple moving average of $111.36.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on AMZN. Needham & Company LLC decreased their price target on shares of Amazon.com from $175.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, October 28th. MKM Partners decreased their price target on shares of Amazon.com to $145.00 in a report on Tuesday, November 1st. Piper Sandler decreased their price target on shares of Amazon.com from $125.00 to $119.00 and set an “overweight” rating on the stock in a report on Tuesday, November 22nd. Evercore ISI decreased their price target on shares of Amazon.com from $170.00 to $150.00 and set an “outperform” rating on the stock in a report on Monday, December 19th. Finally, Barclays decreased their price target on shares of Amazon.com from $200.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, October 28th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $147.12.
Insider Transactions at Amazon.com
In other news, CEO Adam Selipsky sold 345 shares of Amazon.com stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $102.00, for a total value of $35,190.00. Following the completion of the sale, the chief executive officer now directly owns 112,795 shares in the company, valued at $11,505,090. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Adam Selipsky sold 345 shares of Amazon.com stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $102.00, for a total value of $35,190.00. Following the completion of the sale, the chief executive officer now directly owns 112,795 shares in the company, valued at $11,505,090. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 3,500 shares of Amazon.com stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $94.00, for a total transaction of $329,000.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $11,259,320. The disclosure for this sale can be found here. Insiders sold 52,948 shares of company stock worth $5,135,922 over the last three months. 12.70% of the stock is currently 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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