Atlantic Union Bankshares Corp cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,324 shares of the e-commerce giant’s stock after selling 16 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Amazon.com were worth $6,142,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the stock. Endurance Wealth Management Inc. raised its holdings in shares of Amazon.com by 101.3% during the fourth quarter. Endurance Wealth Management Inc. now owns 473 shares of the e-commerce giant’s stock worth $874,000 after acquiring an additional 238 shares during the period. First Command Financial Services Inc. raised its holdings in shares of Amazon.com by 4.2% during the fourth quarter. First Command Financial Services Inc. now owns 865 shares of the e-commerce giant’s stock worth $1,598,000 after acquiring an additional 35 shares during the period. Donaldson Capital Management LLC raised its holdings in shares of Amazon.com by 9.9% during the fourth quarter. Donaldson Capital Management LLC now owns 2,824 shares of the e-commerce giant’s stock worth $5,219,000 after acquiring an additional 254 shares during the period. Atlas Brown Inc. raised its holdings in shares of Amazon.com by 19.8% during the fourth quarter. Atlas Brown Inc. now owns 964 shares of the e-commerce giant’s stock worth $1,781,000 after acquiring an additional 159 shares during the period. Finally, Ballast Inc. raised its holdings in shares of Amazon.com by 69.8% during the fourth quarter. Ballast Inc. now owns 326 shares of the e-commerce giant’s stock worth $602,000 after acquiring an additional 134 shares during the period. Institutional investors and hedge funds own 55.98% of the company’s stock.
In other Amazon.com news, CFO Brian T. Olsavsky sold 1,265 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $1,760.05, for a total value of $2,226,463.25. Following the transaction, the chief financial officer now directly owns 2,480 shares of the company’s stock, valued at approximately $4,364,924. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Judith A. Mcgrath sold 304 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $1,749.91, for a total transaction of $531,972.64. Following the completion of the transaction, the director now directly owns 2,324 shares in the company, valued at $4,066,790.84. The disclosure for this sale can be found here. Insiders have sold a total of 10,196 shares of company stock valued at $17,869,618 in the last ninety days. Insiders own 16.10% of the company’s stock.
Shares of NASDAQ AMZN traded down $21.45 during trading hours on Tuesday, hitting $1,869.85. The company had a trading volume of 1,961,266 shares, compared to its average volume of 3,250,084. The stock has a market capitalization of $926.95 billion, a P/E ratio of 92.84, a price-to-earnings-growth ratio of 2.62 and a beta of 1.50. The company has a quick ratio of 0.84, a current ratio of 1.10 and a debt-to-equity ratio of 0.40. Amazon.com, Inc. has a 1-year low of $1,566.76 and a 1-year high of $2,035.80. The firm’s 50 day moving average is $1,814.80 and its 200-day moving average is $1,818.28.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 24th. The e-commerce giant reported $4.23 EPS for the quarter, missing the consensus estimate of $4.46 by ($0.23). The company had revenue of $69.98 billion during the quarter, compared to analyst estimates of $68.72 billion. Amazon.com had a net margin of 4.27% and a return on equity of 22.52%. The company’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same period in the previous year, the company posted $5.75 EPS. On average, sell-side analysts predict that Amazon.com, Inc. will post 20.51 earnings per share for the current year.
A number of brokerages recently commented on AMZN. Deutsche Bank set a $2,150.00 price objective on shares of Amazon.com and gave the stock a “buy” rating in a report on Friday, October 25th. Argus restated a “buy” rating and set a $2,250.00 price objective on shares of Amazon.com in a report on Tuesday, December 31st. They noted that the move was a valuation call. Royal Bank of Canada dropped their price objective on shares of Amazon.com to $2,500.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Jefferies Financial Group set a $2,300.00 price objective on shares of Amazon.com and gave the stock a “buy” rating in a report on Tuesday, October 15th. Finally, Stifel Nicolaus set a $2,300.00 price objective on shares of Amazon.com and gave the stock a “buy” rating in a report on Sunday, October 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and forty-four have issued a buy rating to the stock. Amazon.com presently has a consensus rating of “Buy” and an average price target of $2,169.74.
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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