Cyr Financial Inc. grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 14.2% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 4,519 shares of the e-commerce giant’s stock after purchasing an additional 561 shares during the period. Amazon.com comprises approximately 0.8% of Cyr Financial Inc.’s portfolio, making the stock its 28th biggest position. Cyr Financial Inc.’s holdings in Amazon.com were worth $991,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Western Wealth Management LLC increased its holdings in Amazon.com by 0.9% during the 1st quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant’s stock worth $26,660,000 after purchasing an additional 1,297 shares in the last quarter. Flaharty Asset Management LLC increased its holdings in Amazon.com by 87.7% during the 1st quarter. Flaharty Asset Management LLC now owns 5,088 shares of the e-commerce giant’s stock worth $968,000 after purchasing an additional 2,377 shares in the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Amazon.com in the 1st quarter worth approximately $514,000. Border to Coast Pensions Partnership Ltd boosted its stake in shares of Amazon.com by 6.0% in the 2nd quarter. Border to Coast Pensions Partnership Ltd now owns 1,136,311 shares of the e-commerce giant’s stock worth $249,295,000 after buying an additional 63,924 shares during the last quarter. Finally, Formidable Asset Management LLC boosted its stake in shares of Amazon.com by 2.6% in the 1st quarter. Formidable Asset Management LLC now owns 35,136 shares of the e-commerce giant’s stock worth $6,685,000 after buying an additional 889 shares during the last quarter. 72.20% of the stock is owned by institutional investors.
Amazon.com Price Performance
Amazon.com stock opened at $216.37 on Monday. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The business’s 50 day simple moving average is $225.94 and its 200 day simple moving average is $211.97. The company has a market cap of $2.31 trillion, a price-to-earnings ratio of 32.98, a PEG ratio of 1.43 and a beta of 1.28.
Insider Buying and Selling at Amazon.com
In other Amazon.com news, CFO Brian T. Olsavsky sold 17,750 shares of the business’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $222.74, for a total transaction of $3,953,635.00. Following the sale, the chief financial officer owned 49,000 shares of the company’s stock, valued at $10,914,260. The trade was a 26.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Andrew R. Jassy sold 19,872 shares of the business’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.58, for a total transaction of $4,403,237.76. Following the sale, the chief executive officer directly owned 2,178,502 shares in the company, valued at $482,712,473.16. The trade was a 0.90% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,597,911 shares of company stock worth $2,652,463,783. Company insiders own 10.80% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on AMZN shares. Wells Fargo & Company upgraded Amazon.com from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $245.00 to $280.00 in a research note on Wednesday, September 24th. Scotiabank boosted their target price on Amazon.com from $250.00 to $275.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, July 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of Amazon.com in a research note on Wednesday, October 8th. JPMorgan Chase & Co. boosted their target price on Amazon.com from $255.00 to $265.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Finally, Royal Bank Of Canada boosted their target price on Amazon.com from $230.00 to $240.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. Three analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $266.26.
Check Out Our Latest Stock Report on Amazon.com
Amazon.com Company Profile
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.
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