Amazon.com, Inc. (AMZN) Shares Bought by Fiduciary Trust Co.
Fiduciary Trust Co. boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,513 shares of the e-commerce giant’s stock after buying an additional 1,071 shares during the quarter. Amazon.com makes up 1.1% of Fiduciary Trust Co.’s portfolio, making the stock its 20th largest position. Fiduciary Trust Co.’s holdings in Amazon.com were worth $38,023,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently made changes to their positions in the company. Whitnell & Co. raised its holdings in shares of Amazon.com by 581.3% in 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 in the last quarter. Vestor Capital LLC raised its holdings in shares of Amazon.com by 10.1% in 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 in the last quarter. Portfolio Solutions LLC bought a new stake in shares of Amazon.com in the 4th quarter valued at about $119,000. Endurance Wealth Management Inc. raised its holdings in shares of Amazon.com by 90.9% in 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 in the last quarter. Finally, Oak Point Wealth Management bought a new stake in shares of Amazon.com in the 4th quarter valued at about $125,000. Institutional investors own 60.21% of the company’s stock.
AMZN opened at $1,441.50 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 1.04 and a debt-to-equity ratio of 0.89. Amazon.com, Inc. has a 1 year low of $887.50 and a 1 year high of $1,617.54. The firm has a market capitalization of $692,655.75, a P/E ratio of 316.81, a PEG ratio of 6.28 and a beta of 1.59.
In related news, CEO Jeffrey A. Wilke sold 2,000 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $1,454.37, for a total value of $2,908,740.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffrey A. Wilke sold 500 shares of the business’s stock in a transaction on Wednesday, March 21st. The shares were sold at an average price of $1,577.85, for a total transaction of $788,925.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $15,778,500. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,214 shares of company stock valued at $9,251,120. Company insiders own 17.00% of the company’s stock.
Several research firms have recently commented on AMZN. Credit Suisse Group restated a “buy” rating on shares of Amazon.com in a report on Friday. MED began coverage on shares of Amazon.com in a report on Wednesday, April 11th. They issued a “buy” rating and a $1,436.22 price target for the company. Monness Crespi & Hardt restated a “buy” rating and issued a $2,000.00 price target on shares of Amazon.com in a report on Wednesday, April 11th. JPMorgan Chase restated a “buy” rating on shares of Amazon.com in a report on Tuesday, April 10th. Finally, Zacks Investment Research upgraded shares of Amazon.com from a “hold” rating to a “strong-buy” rating and set a $1,578.00 price target for the company in a report on Wednesday, April 4th. Three research analysts have rated the stock with a hold rating, fifty have given a buy rating and two have given a strong buy rating to the company. Amazon.com has an average rating of “Buy” and a consensus price target of $1,504.81.
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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 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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