Financial Management Professionals Inc. Acquires 2,659 Shares of Amazon.com, Inc. (NASDAQ:AMZN)
Financial Management Professionals Inc. increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 34.6% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 10,334 shares of the e-commerce giant’s stock after buying an additional 2,659 shares during the quarter. Financial Management Professionals Inc.’s holdings in Amazon.com were worth $1,570,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. State Street Corp boosted its position in Amazon.com by 1,869.1% in the second quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock worth $34,701,726,000 after purchasing an additional 310,134,486 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Amazon.com by 1,838.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock worth $33,134,481,000 after purchasing an additional 295,880,050 shares during the last quarter. FMR LLC boosted its position in Amazon.com by 1,792.4% in the second quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after purchasing an additional 270,931,640 shares during the last quarter. Moneta Group Investment Advisors LLC boosted its position in Amazon.com by 120,235.9% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 116,480,298 shares of the e-commerce giant’s stock worth $9,784,345,000 after purchasing an additional 116,383,502 shares during the last quarter. Finally, Norges Bank purchased a new position in Amazon.com in the fourth quarter worth about $8,263,591,000. 72.20% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
AMZN has been the topic of a number of analyst reports. Evercore ISI lifted their price objective on Amazon.com from $195.00 to $220.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. TD Cowen lifted their price objective on Amazon.com from $200.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. BMO Capital Markets assumed coverage on Amazon.com in a research report on Tuesday, January 9th. They set an “outperform” rating and a $200.00 price objective on the stock. Piper Sandler boosted their price target on Amazon.com from $185.00 to $205.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Finally, Roth Mkm boosted their price target on Amazon.com from $180.00 to $205.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $197.95.
Check Out Our Latest Stock Analysis on Amazon.com
Insider Buying and Selling at Amazon.com
In other news, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $152.78, for a total transaction of $76,390.00. Following the transaction, the chief executive officer now directly owns 117,560 shares in the company, valued at $17,960,816.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $152.78, for a total value of $76,390.00. Following the completion of the sale, the chief executive officer now directly owns 117,560 shares in the company, valued at $17,960,816.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,009,208 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $166.79, for a total transaction of $335,115,802.32. Following the completion of the sale, the insider now owns 938,251,817 shares of the company’s stock, valued at $156,491,020,557.43. The disclosure for this sale can be found here. Insiders have sold 32,210,510 shares of company stock valued at $5,505,223,106 in the last quarter. 12.30% of the stock is owned by insiders.
Amazon.com Stock Performance
Shares of Amazon.com stock opened at $180.38 on Friday. The stock’s fifty day moving average is $170.29 and its two-hundred day moving average is $151.27. The company has a market capitalization of $1.87 trillion, a PE ratio of 62.20, a price-to-earnings-growth ratio of 1.55 and a beta of 1.17. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. Amazon.com, Inc. has a 52 week low of $97.71 and a 52 week high of $181.70.
Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating the consensus estimate of $0.81 by $0.19. The company had revenue of $169.96 billion for 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%. Amazon.com’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.21 EPS. As a group, analysts expect that Amazon.com, Inc. will post 4.08 earnings per share for the current year.
Amazon.com Profile
Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.
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