Gilman Hill Asset Management LLC boosted its stake in shares of Amazon.com (NASDAQ:AMZN) by 7.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 547 shares of the e-commerce giant’s stock after purchasing an additional 40 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in Amazon.com were worth $640,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Whitnell & Co. boosted its position in Amazon.com by 581.3% during the 3rd quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock valued at $105,000 after purchasing an additional 93 shares during the period. Vestor Capital LLC boosted its position in Amazon.com by 10.1% during the 2nd quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock valued at $106,000 after purchasing an additional 10 shares during the period. Portfolio Solutions LLC acquired a new position in Amazon.com during the 4th quarter valued at approximately $119,000. Endurance Wealth Management Inc. boosted its position in Amazon.com by 90.9% during the 4th quarter. Endurance Wealth Management Inc. now owns 105 shares of the e-commerce giant’s stock valued at $123,000 after purchasing an additional 50 shares during the period. Finally, Oak Point Wealth Management acquired a new position in Amazon.com during the 4th quarter valued at approximately $125,000. Institutional investors and hedge funds own 60.21% of the company’s stock.
NASDAQ:AMZN opened at $1,556.91 on Friday. The firm has a market cap of $728,014.94, a P/E ratio of 342.18, a price-to-earnings-growth ratio of 6.60 and a beta of 1.59. Amazon.com has a 1-year low of $896.29 and a 1-year high of $1,617.54. The company has a current ratio of 1.04, a quick ratio of 0.76 and a debt-to-equity ratio of 0.89.
In other Amazon.com news, CEO Jeffrey A. Wilke sold 500 shares of the company’s stock in a transaction dated Wednesday, March 21st. The stock was sold at an average price of $1,577.85, for a total value of $788,925.00. Following the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $15,778,500. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey A. Wilke sold 2,000 shares of the company’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $1,454.37, for a total value of $2,908,740.00. The disclosure for this sale can be found here. Insiders have sold 6,214 shares of company stock worth $9,251,120 over the last three months. 17.70% of the stock is owned by insiders.
A number of research firms recently issued reports on AMZN. Morgan Stanley restated a “buy” rating and set a $1,550.00 price objective on shares of Amazon.com in a research report on Thursday. Goldman Sachs restated a “buy” rating on shares of Amazon.com in a research report on Thursday. Credit Suisse Group restated a “buy” rating on shares of Amazon.com in a research report on Friday, April 13th. JMP Securities reiterated a “neutral” rating and set a $1,600.00 price target (up previously from $1,475.00) on shares of Amazon.com in a research report on Friday, February 2nd. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $1,700.00 price target on shares of Amazon.com in a research report on Friday, February 2nd. Three investment analysts have rated the stock with a hold rating, fifty have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $1,505.95.
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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