Pettinga Financial Advisors LLC purchased a new position in Amazon.com, Inc. (NASDAQ:AMZN) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 301 shares of the e-commerce giant’s stock, valued at approximately $452,000.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Hurlow Wealth Management Group Inc. bought a new position in shares of Amazon.com in the fourth quarter worth $226,000. Buckley Wealth Management LLC increased its position in shares of Amazon.com by 16.3% in the fourth quarter. Buckley Wealth Management LLC now owns 5,268 shares of the e-commerce giant’s stock worth $7,912,000 after purchasing an additional 737 shares during the period. Sigma Investment Counselors Inc. increased its position in shares of Amazon.com by 4.7% in the fourth quarter. Sigma Investment Counselors Inc. now owns 5,464 shares of the e-commerce giant’s stock worth $8,207,000 after purchasing an additional 246 shares during the period. Sabal Trust CO increased its position in shares of Amazon.com by 69.0% in the fourth quarter. Sabal Trust CO now owns 191 shares of the e-commerce giant’s stock worth $287,000 after purchasing an additional 78 shares during the period. Finally, Benjamin F. Edwards & Company Inc. increased its position in shares of Amazon.com by 24.0% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 4,433 shares of the e-commerce giant’s stock worth $6,658,000 after purchasing an additional 859 shares during the period. Institutional investors own 55.53% of the company’s stock.
NASDAQ:AMZN opened at $1,823.28 on Monday. The stock has a market cap of $897.66 billion, a PE ratio of 90.53, a PEG ratio of 2.07 and a beta of 1.62. The company has a current ratio of 1.09, a quick ratio of 0.83 and a debt-to-equity ratio of 0.48. Amazon.com, Inc. has a 1-year low of $1,307.00 and a 1-year high of $2,050.50.
A number of research analysts recently commented on AMZN shares. Stifel Nicolaus restated a “buy” rating and issued a $2,300.00 price target (down previously from $2,400.00) on shares of Amazon.com in a research report on Friday, February 1st. Benchmark decreased their target price on Amazon.com from $2,100.00 to $2,000.00 and set a “buy” rating on the stock in a research report on Wednesday, January 30th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Amazon.com in a research report on Monday, April 29th. BidaskClub upgraded Amazon.com from a “sell” rating to a “hold” rating in a research report on Tuesday, March 5th. Finally, KeyCorp reiterated a “hold” rating on shares of Amazon.com in a research report on Tuesday, January 29th. Five research analysts have rated the stock with a hold rating and forty-three have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $2,181.89.
In related news, VP Shelley Reynolds sold 379 shares of Amazon.com stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $1,838.32, for a total value of $696,723.28. Following the transaction, the vice president now directly owns 6,307 shares of the company’s stock, valued at $11,594,284.24. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Indra K. Nooyi sold 58 shares of Amazon.com stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $1,701.56, for a total value of $98,690.48. Following the completion of the transaction, the director now directly owns 150 shares in the company, valued at $255,234. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,990 shares of company stock worth $24,295,428. Company insiders own 16.10% of the company’s stock.
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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 third-party sellers through physical stores and online stores.
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