Venturi Wealth Management LLC Increases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Venturi Wealth Management LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 0.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 39,922 shares of the e-commerce giant’s stock after acquiring an additional 263 shares during the quarter. Venturi Wealth Management LLC’s holdings in Amazon.com were worth $5,075,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Amazon.com by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 701,550,877 shares of the e-commerce giant’s stock valued at $79,275,249,000 after purchasing an additional 12,456,995 shares during the last quarter. State Street Corp grew its holdings in Amazon.com by 1.2% in the 2nd quarter. State Street Corp now owns 335,869,897 shares of the e-commerce giant’s stock valued at $43,784,000,000 after buying an additional 3,970,330 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Amazon.com by 1,838.8% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock valued at $33,134,481,000 after buying an additional 295,880,050 shares during the period. FMR LLC grew its holdings in Amazon.com by 1,792.4% in the 2nd quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock valued at $30,381,089,000 after buying an additional 270,931,640 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of Amazon.com by 2.9% during the 2nd quarter. Geode Capital Management LLC now owns 170,151,722 shares of the e-commerce giant’s stock worth $22,116,108,000 after purchasing an additional 4,842,542 shares during the period. Institutional investors and hedge funds own 57.96% of the company’s stock.

Analyst Upgrades and Downgrades

AMZN has been the subject of a number of research reports. Roth Mkm boosted their target price on Amazon.com from $180.00 to $205.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Truist Financial upped their target price on Amazon.com from $180.00 to $195.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Monness Crespi & Hardt upped their target price on Amazon.com from $170.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Stifel Nicolaus upped their price target on Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Finally, The Goldman Sachs Group upped their price objective on Amazon.com from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com currently has an average rating of “Buy” and a consensus price target of $197.95.

View Our Latest Stock Analysis on AMZN

Amazon.com Trading Down 0.4 %

Shares of NASDAQ AMZN opened at $169.84 on Friday. Amazon.com, Inc. has a 12 month low of $88.12 and a 12 month high of $172.50. The company has a market cap of $1.76 trillion, a price-to-earnings ratio of 58.57, a P/E/G ratio of 1.49 and a beta of 1.14. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. The business has a fifty day simple moving average of $153.87 and a 200-day simple moving average of $141.79.

Amazon.com (NASDAQ:AMZNGet Free Report) last announced its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.19. The firm had revenue of $169.96 billion during the quarter, compared to the consensus estimate of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The business’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.21 EPS. Sell-side analysts predict that Amazon.com, Inc. will post 4.03 EPS for the current year.

Insider Buying and Selling

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $147.76, for a total value of $73,880.00. Following the transaction, the chief executive officer now directly owns 120,560 shares of the company’s stock, valued at approximately $17,813,945.60. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, SVP David Zapolsky sold 6,720 shares of the stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $143.15, for a total transaction of $961,968.00. Following the transaction, the senior vice president now owns 71,660 shares of the company’s stock, valued at approximately $10,258,129. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $147.76, for a total value of $73,880.00. Following the completion of the sale, the chief executive officer now directly owns 120,560 shares in the company, valued at approximately $17,813,945.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 61,829 shares of company stock valued at $8,885,713. Corporate insiders own 12.30% of the company’s stock.

About Amazon.com

(Free Report)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.

Further Reading

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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