Koshinski Asset Management Inc. reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.7% during the 4th quarter, Holdings Channel reports. The fund owned 2,477 shares of the e-commerce giant’s stock after selling 44 shares during the quarter. Amazon.com accounts for 0.7% of Koshinski Asset Management Inc.’s portfolio, making the stock its 20th largest position. Koshinski Asset Management Inc.’s holdings in Amazon.com were worth $2,897,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the company. Whitnell & Co. lifted its holdings in Amazon.com by 581.3% during the 3rd quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock worth $105,000 after buying an additional 93 shares in the last quarter. Vestor Capital LLC lifted its holdings in Amazon.com by 10.1% during the 2nd quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock worth $106,000 after buying an additional 10 shares in the last quarter. Portfolio Solutions LLC acquired a new stake in Amazon.com during the 4th quarter worth approximately $119,000. Mountain Capital Investment Advisors Inc acquired a new stake in Amazon.com during the 2nd quarter worth approximately $121,000. Finally, Oak Point Wealth Management acquired a new stake in Amazon.com during the 4th quarter worth approximately $125,000. Hedge funds and other institutional investors own 60.19% of the company’s stock.
Shares of Amazon.com stock opened at $1,495.56 on Friday. Amazon.com, Inc. has a 52 week low of $833.50 and a 52 week high of $1,617.54. The company has a market cap of $724,011.06, a price-to-earnings ratio of 327.97, a PEG ratio of 6.85 and a beta of 1.54. The company has a quick ratio of 0.76, a current ratio of 1.04 and a debt-to-equity ratio of 0.89.
In other news, CEO Jeffrey A. Wilke sold 500 shares of the firm’s stock in a transaction on Wednesday, March 21st. The shares were sold at an average price of $1,577.85, for a total value of $788,925.00. Following the completion of the sale, the chief executive officer now owns 10,000 shares in the company, valued at approximately $15,778,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 544 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $1,462.32, for a total transaction of $795,502.08. Following the completion of the sale, the vice president now owns 6,533 shares of the company’s stock, valued at approximately $9,553,336.56. The disclosure for this sale can be found here. Insiders sold a total of 6,214 shares of company stock valued at $9,251,120 in the last 90 days. Company insiders own 17.70% of the company’s stock.
A number of brokerages have commented on AMZN. Vetr raised shares of Amazon.com from a “hold” rating to a “buy” rating and set a $1,655.33 price objective on the stock in a research report on Thursday, March 15th. Wells Fargo reissued an “outperform” rating and issued a $1,755.00 price objective (up from $1,700.00) on shares of Amazon.com in a research report on Thursday, March 15th. Jefferies Group reissued a “buy” rating and issued a $1,850.00 price objective on shares of Amazon.com in a research report on Tuesday, March 13th. Deutsche Bank reissued a “buy” rating on shares of Amazon.com in a research report on Monday, March 12th. Finally, UBS increased their price objective on shares of Amazon.com to $1,760.00 and gave the company a “buy” rating in a research report on Friday, March 9th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating, forty-eight have given a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $1,477.78.
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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) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.
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