Sunbelt Securities Inc. lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,071 shares of the e-commerce giant’s stock after acquiring an additional 585 shares during the period. Amazon.com makes up approximately 1.8% of Sunbelt Securities Inc.’s holdings, making the stock its 6th biggest holding. Sunbelt Securities Inc.’s holdings in Amazon.com were worth $8,596,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Dohj LLC grew its holdings in shares of Amazon.com by 1.8% in the 3rd quarter. Dohj LLC now owns 24,839 shares of the e-commerce giant’s stock valued at $2,807,000 after buying an additional 451 shares during the period. Bassett Hargrove Investment Counsel LLC bought a new position in Amazon.com during the third quarter worth about $2,120,000. Asset Management One Co. Ltd. grew its stake in Amazon.com by 0.8% in the third quarter. Asset Management One Co. Ltd. now owns 4,185,666 shares of the e-commerce giant’s stock valued at $472,980,000 after acquiring an additional 32,781 shares during the period. West Coast Financial LLC bought a new stake in shares of Amazon.com in the third quarter worth about $210,000. Finally, Gulf International Bank UK Ltd raised its position in shares of Amazon.com by 1.0% during the third quarter. Gulf International Bank UK Ltd now owns 1,526,940 shares of the e-commerce giant’s stock worth $172,544,000 after purchasing an additional 15,640 shares during the period. Institutional investors own 57.64% of the company’s stock.
Amazon.com Stock Down 1.1 %
NASDAQ AMZN opened at $98.95 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.72 and a debt-to-equity ratio of 0.46. The company has a market cap of $1.01 trillion, a price-to-earnings ratio of -369.20, a PEG ratio of 3.91 and a beta of 1.25. The company has a 50 day moving average of $97.01 and a 200-day moving average of $101.72. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $170.83.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on AMZN shares. JMP Securities reissued a “market outperform” rating and set a $140.00 target price on shares of Amazon.com in a research note on Thursday. Robert W. Baird boosted their price objective on shares of Amazon.com from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Friday, February 3rd. Piper Sandler increased their target price on Amazon.com from $119.00 to $123.00 and gave the stock an “overweight” rating in a report on Friday, February 3rd. Roth Capital restated a “buy” rating on shares of Amazon.com in a report on Friday, February 3rd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $120.00 price objective on shares of Amazon.com in a report on Friday, February 3rd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and an average target price of $144.72.
Insider Buying and Selling at Amazon.com
In related news, CEO Adam Selipsky sold 5,100 shares of the company’s stock in a transaction on Thursday, February 2nd. The stock was sold at an average price of $111.43, for a total transaction of $568,293.00. Following the completion of the sale, the chief executive officer now directly owns 124,180 shares in the company, valued at approximately $13,837,377.40. The sale was disclosed in a filing with the SEC, which is available through this link. In other Amazon.com news, CEO Andrew R. Jassy sold 23,874 shares of the business’s stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $99.15, for a total transaction of $2,367,107.10. Following the sale, the chief executive officer now owns 1,964,506 shares of the company’s stock, valued at $194,780,769.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Adam Selipsky sold 5,100 shares of the stock in a transaction on Thursday, February 2nd. The shares were sold at an average price of $111.43, for a total value of $568,293.00. Following the completion of the transaction, the chief executive officer now owns 124,180 shares of the company’s stock, valued at $13,837,377.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 71,394 shares of company stock valued at $6,994,626. 12.70% of the stock is currently owned by corporate insiders.
Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.
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