Interactive Financial Advisors cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 93.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37 shares of the e-commerce giant’s stock after selling 519 shares during the period. Interactive Financial Advisors’ holdings in Amazon.com were worth $114,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of AMZN. Advanced Research Investment Solutions LLC acquired a new position in shares of Amazon.com during the fourth quarter worth $26,000. Resolute Partners Group bought a new position in Amazon.com during the 4th quarter worth $26,000. Fusion Family Wealth LLC bought a new position in Amazon.com during the 1st quarter worth $31,000. Cowa LLC acquired a new position in Amazon.com during the 4th quarter worth about $32,000. Finally, Tacita Capital Inc bought a new stake in shares of Amazon.com in the 4th quarter valued at about $39,000. 57.05% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Amazon.com stock opened at $3,349.65 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.85 and a current ratio of 1.05. The company has a market capitalization of $1.69 trillion, a P/E ratio of 63.74, a PEG ratio of 2.00 and a beta of 1.15. The company’s 50 day simple moving average is $3,289.65. Amazon.com, Inc. has a 52 week low of $2,503.35 and a 52 week high of $3,554.00.
Several analysts have recently issued reports on AMZN shares. Canaccord Genuity upped their target price on shares of Amazon.com from $4,100.00 to $4,400.00 and gave the stock a “buy” rating in a research note on Friday, April 30th. JMP Securities raised their price objective on shares of Amazon.com from $4,350.00 to $4,500.00 and gave the company a “market outperform” rating in a research report on Friday, April 30th. Wells Fargo & Company upped their target price on shares of Amazon.com from $4,100.00 to $4,500.00 and gave the stock an “overweight” rating in a research report on Friday, April 30th. Bank of America restated a “buy” rating and set a $4,360.00 price target on shares of Amazon.com in a research report on Tuesday, May 25th. Finally, Mizuho upped their price objective on Amazon.com from $4,000.00 to $4,400.00 and gave the stock a “buy” rating in a report on Friday, April 30th. Two analysts have rated the stock with a hold rating and forty-six have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $4,168.98.
In other Amazon.com news, CEO Andrew R. Jassy sold 492 shares of the stock in a transaction on Friday, May 21st. The stock was sold at an average price of $3,250.00, for a total value of $1,599,000.00. Following the completion of the transaction, the chief executive officer now owns 85,264 shares in the company, valued at $277,108,000. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Shelley Reynolds sold 222 shares of the stock in a transaction on Monday, May 17th. The stock was sold at an average price of $3,245.93, for a total value of $720,596.46. Following the completion of the transaction, the vice president now owns 6,211 shares of the company’s stock, valued at approximately $20,160,471.23. The disclosure for this sale can be found here. In the last quarter, insiders sold 131,040 shares of company stock valued at $449,201,684. 14.00% of the stock is owned by corporate insiders.
Amazon.com Company Profile
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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