April 15, 2024
Woodard & Co. Asset Management Group Inc. ADV Sells 565 Shares of Amazon.com, Inc. (NASDAQ:AMZN)



Woodard & Co. Asset Management Group Inc. ADV lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 2.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,067 shares of the e-commerce giant’s stock after selling 565 shares during the quarter. Amazon.com comprises approximately 1.2% of Woodard & Co. Asset Management Group Inc. ADV’s holdings, making the stock its 15th largest position. Woodard & Co. Asset Management Group Inc. ADV’s holdings in Amazon.com were worth $3,568,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. King Wealth increased its stake in shares of Amazon.com by 4.6% in the 2nd quarter. King Wealth now owns 29,352 shares of the e-commerce giant’s stock valued at $3,826,000 after buying an additional 1,296 shares during the period. Ascension Asset Management LLC acquired a new stake in shares of Amazon.com during the second quarter worth $2,001,000. SP Asset Management LLC grew its stake in shares of Amazon.com by 2.6% during the second quarter. SP Asset Management LLC now owns 129,316 shares of the e-commerce giant’s stock worth $16,858,000 after purchasing an additional 3,293 shares during the period. Register Financial Advisors LLC grew its stake in shares of Amazon.com by 14.3% during the third quarter. Register Financial Advisors LLC now owns 5,263 shares of the e-commerce giant’s stock worth $669,000 after purchasing an additional 657 shares during the period. Finally, Wedge Capital Management L L P NC grew its stake in shares of Amazon.com by 1.0% during the third quarter. Wedge Capital Management L L P NC now owns 14,613 shares of the e-commerce giant’s stock worth $1,858,000 after purchasing an additional 148 shares during the period. Institutional investors own 57.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Morgan Stanley boosted their price target on Amazon.com from $185.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Benchmark boosted their price target on Amazon.com from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. JPMorgan Chase & Co. boosted their price target on Amazon.com from $190.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Bank of America upped their target price on Amazon.com from $185.00 to $204.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Finally, Needham & Company LLC boosted their price target on Amazon.com from $175.00 to $205.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com has a consensus rating of “Buy” and a consensus target price of $197.95.

Check Out Our Latest Research Report on Amazon.com

Amazon.com Stock Performance

AMZN opened at $175.35 on Monday. The firm’s fifty day simple moving average is $163.55 and its two-hundred day simple moving average is $147.62. The company has a market cap of $1.82 trillion, a price-to-earnings ratio of 60.47, a PEG ratio of 1.53 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 $88.12 and a 52-week high of $180.14.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.19. The firm had revenue of $169.96 billion during the quarter, compared to analysts’ expectations of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. Amazon.com’s revenue was up 13.9% compared to the same quarter last year. During the same period last year, the business earned $0.21 earnings per share. Equities analysts anticipate that Amazon.com, Inc. will post 4.08 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Jonathan Rubinstein sold 5,556 shares of Amazon.com stock in a transaction on Monday, March 4th. The stock was sold at an average price of $180.00, for a total value of $1,000,080.00. Following the completion of the sale, the director now directly owns 109,664 shares of the company’s stock, valued at $19,739,520. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Andrew R. Jassy sold 50,000 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $180.00, for a total value of $9,000,000.00. Following the transaction, the chief executive officer now owns 1,994,182 shares of the company’s stock, valued at $358,952,760. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jonathan Rubinstein sold 5,556 shares of Amazon.com stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $180.00, for a total value of $1,000,080.00. Following the sale, the director now directly owns 109,664 shares of the company’s stock, valued at $19,739,520. The disclosure for this sale can be found here. Insiders have sold 32,210,510 shares of company stock worth $5,505,209,706 over the last ninety days. Corporate insiders own 12.30% of the company’s stock.

Amazon.com Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)



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