Proffitt & Goodson Inc. raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 4.1% during the fourth quarter, HoldingsChannel reports. The firm owned 995 shares of the e-commerce giant’s stock after acquiring an additional 39 shares during the quarter. Amazon.com accounts for 0.4% of Proffitt & Goodson Inc.’s holdings, making the stock its 28th largest position. Proffitt & Goodson Inc.’s holdings in Amazon.com were worth $1,494,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. DORCHESTER WEALTH MANAGEMENT Co lifted its holdings in Amazon.com by 4.1% during the 4th quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 154 shares of the e-commerce giant’s stock worth $231,000 after buying an additional 6 shares during the period. Boltwood Capital Management lifted its holdings in Amazon.com by 1.9% during the 4th quarter. Boltwood Capital Management now owns 382 shares of the e-commerce giant’s stock worth $573,000 after buying an additional 7 shares during the period. Cordasco Financial Network lifted its holdings in Amazon.com by 17.4% during the 4th quarter. Cordasco Financial Network now owns 54 shares of the e-commerce giant’s stock worth $81,000 after buying an additional 8 shares during the period. Heritage Trust Co lifted its holdings in Amazon.com by 3.4% during the 4th quarter. Heritage Trust Co now owns 272 shares of the e-commerce giant’s stock worth $409,000 after buying an additional 9 shares during the period. Finally, Beaton Management Co. Inc. lifted its holdings in Amazon.com by 1.0% during the 3rd quarter. Beaton Management Co. Inc. now owns 1,034 shares of the e-commerce giant’s stock worth $2,071,000 after buying an additional 10 shares during the period. 56.11% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Amazon.com stock opened at $1,861.69 on Friday. Amazon.com, Inc. has a one year low of $1,307.00 and a one year high of $2,050.50. The stock has a market capitalization of $916.05 billion, a P/E ratio of 92.44, a PEG ratio of 2.24 and a beta of 1.63. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.10 and a quick ratio of 0.85.
AMZN has been the topic of several recent research reports. BMO Capital Markets lifted their target price on Amazon.com from $2,250.00 to $2,300.00 and gave the stock an “outperform” rating in a report on Wednesday, January 30th. Guggenheim reissued a “buy” rating and issued a $2,000.00 price objective on shares of Amazon.com in a research report on Thursday, January 31st. Benchmark lowered their price objective on Amazon.com from $2,100.00 to $2,000.00 and set a “buy” rating for the company in a research report on Wednesday, January 30th. Goldman Sachs Group lowered their price objective on Amazon.com from $2,200.00 to $2,000.00 and set a “conviction-buy” rating for the company in a research report on Friday, January 4th. Finally, Bank of America reissued a “buy” rating and issued a $2,100.00 price objective (up from $2,000.00) on shares of Amazon.com in a research report on Wednesday, January 9th. Four research analysts have rated the stock with a hold rating and forty-six have given a buy rating to the company. Amazon.com currently has an average rating of “Buy” and an average price target of $2,139.02.
In other Amazon.com news, CEO Jeffrey A. Wilke sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $1,811.14, for a total transaction of $3,622,280.00. Following the completion of the sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $18,111,400. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Patricia Q. Stonesifer sold 1,375 shares of the business’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $1,602.00, for a total value of $2,202,750.00. Following the sale, the director now directly owns 7,861 shares of the company’s stock, valued at $12,593,322. The disclosure for this sale can be found here. Insiders have sold a total of 7,075 shares of company stock valued at $11,802,708 over the last three months. Corporate insiders own 16.30% of the company’s stock.
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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) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.
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