Aaron Wealth Advisors lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 10.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 488 shares of the e-commerce giant’s stock after selling 56 shares during the period. Aaron Wealth Advisors’ holdings in Amazon.com were worth $1,509,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Joel Isaacson & Co. LLC increased its holdings in Amazon.com by 6.3% in the fourth quarter. Joel Isaacson & Co. LLC now owns 3,231 shares of the e-commerce giant’s stock valued at $10,523,000 after purchasing an additional 191 shares during the period. NinePointTwo Capital acquired a new stake in shares of Amazon.com in the fourth quarter valued at about $1,896,000. Barr E S & Co. raised its position in shares of Amazon.com by 0.3% during the fourth quarter. Barr E S & Co. now owns 14,341 shares of the e-commerce giant’s stock worth $46,708,000 after acquiring an additional 43 shares during the last quarter. Lindbrook Capital LLC boosted its holdings in Amazon.com by 3.3% in the first quarter. Lindbrook Capital LLC now owns 1,559 shares of the e-commerce giant’s stock valued at $4,824,000 after acquiring an additional 50 shares during the last quarter. Finally, Purus Wealth Management LLC acquired a new stake in Amazon.com during the 4th quarter valued at approximately $4,687,000. 56.39% of the stock is owned by institutional investors and hedge funds.
Shares of AMZN stock opened at $3,151.94 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.88 and a current ratio of 1.11. The firm has a market cap of $1.59 trillion, a price-to-earnings ratio of 92.30, a P/E/G ratio of 2.37 and a beta of 1.19. Amazon.com, Inc. has a 52 week low of $2,330.00 and a 52 week high of $3,554.00. The firm’s 50-day simple moving average is $3,285.10 and its two-hundred day simple moving average is $3,203.53.
A number of equities research analysts have recently commented on the stock. Truist upped their price objective on shares of Amazon.com from $3,750.00 to $4,000.00 in a research note on Friday, April 30th. Zacks Investment Research cut shares of Amazon.com from a “buy” rating to a “hold” rating and set a $3,277.00 price target on the stock. in a research report on Wednesday, January 13th. Piper Sandler lifted their price objective on Amazon.com from $3,903.00 to $4,000.00 and gave the stock an “overweight” rating in a research report on Friday, April 30th. Pivotal Research upped their target price on Amazon.com from $4,500.00 to $4,650.00 and gave the company a “buy” rating in a research report on Wednesday, February 3rd. Finally, Wolfe Research began coverage on Amazon.com in a research note on Thursday, April 1st. They set an “outperform” rating and a $3,720.00 target price for the company. Two research analysts have rated the stock with a hold rating and forty-six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $4,161.32.
In other Amazon.com news, CEO David H. Clark sold 278 shares of Amazon.com stock in a transaction dated Thursday, April 29th. The stock was sold at an average price of $3,506.80, for a total transaction of $974,890.40. Following the completion of the transaction, the chief executive officer now owns 1,174 shares of the company’s stock, valued at approximately $4,116,983.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David H. Clark sold 1,019 shares of the company’s stock in a transaction dated Tuesday, February 16th. The shares were sold at an average price of $3,257.88, for a total value of $3,319,779.72. Following the sale, the chief executive officer now owns 1,452 shares in the company, valued at $4,730,441.76. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 128,495 shares of company stock worth $440,950,967. Corporate insiders own 16.10% of the company’s stock.
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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.
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