Advisor Resource Council holds $2.10 million worth of stock in Amazon.com, Inc. (NASDAQ:AMZN)

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Advisor Resource Council reduced its equity holdings by Amazon.com, Inc. (NASDAQ: AMZN) by 83.9% in Q1, according to its most recent SEC filing. The fund held 644 shares of the e-commerce giant after selling 3,348 shares during the period. Advisor Resource Council’s holdings on Amazon.com were worth $2,100,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. State Street Corp increased its stake in Amazon.com by 4.3% in the fourth quarter. State Street Corp now owns 17,021,616 shares of the e-commerce giant valued at $56,755,855,000 after acquiring an additional 698,970 shares last quarter. Geode Capital Management LLC increased its position in Amazon.com by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 7,193,360 shares of the e-commerce giant worth $23,917,115,000 after acquiring an additional 195,716 shares in the last quarter. Capital Research Global Investors increased its position in Amazon.com by 14.1% during the fourth quarter. Capital Research Global Investors now owns 4,574,546 shares of the e-commerce giant worth $15,253,179,000 after acquiring an additional 564,699 shares in the last quarter. Norges Bank bought a new position on Amazon.com in Q4 worth $14,053,756,000. Finally, Castleview Partners LLC bought a new position on Amazon.com in Q4 worth $1,143,000. 72.51% of the shares are held by hedge funds and other institutional investors.

AMZN has been the subject of several research analyst reports. UBS Group lowered its Amazon.com price target from $209.00 to $167.00 and set a “buy” rating on the stock in a Tuesday, June 28 research note. BMO Capital Markets cut its price target on Amazon.com from $182.50 to $172.50 in a Friday, April 29 report. Needham & Company LLC reduced its price target on Amazon.com from $207.50 to $175.00 in a Friday, April 29 report. Truist Financial reiterated a “buy” rating and set a price target of $175.00 on Amazon.com shares in a Friday, June 17 report. Finally, Jefferies Financial Group cut its price target on Amazon.com stock from $185.00 to $162.50 in a Tuesday, May 31 research report. Three research analysts gave the stock a sell rating, one gave the company a hold rating and thirty-eight gave the company a buy rating. Based on data from MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $185.79.

Shares of Amazon.com Stock opened at $115.54 on Friday. The company has a debt ratio of 0.35, a current ratio of 0.96 and a quick ratio of 0.71. Amazon.com, Inc. has a 1-year minimum of $101.26 and a 1-year maximum of $188.65. The company’s 50-day moving average is $112.64 and its two-hundred-day moving average is $140.45. The stock has a market capitalization of $1.18 trillion, a price/earnings ratio of 55.78, a PEG ratio of 3.65 and a beta of 1.25.

Amazon.com (NASDAQ: AMZNGet a rating) last released its results on Thursday, April 28. The e-commerce giant reported earnings per share (EPS) of $0.21 for the quarter, missing the consensus estimate of $0.44 per ($0.23). Amazon.com had a return on equity of 21.60% and a net margin of 4.48%. The company posted revenue of $116.44 billion for the quarter, versus a consensus estimate of $116.52 billion. In the same quarter of the previous year, the company had earned earnings per share of $0.79. The company’s revenue increased 7.3% year over year. On average, stock analysts expect Amazon.com, Inc. to post earnings per share of 1.17 for the current year.

Separately, CEO David H. Clark sold 2,270 shares of the company in a trade dated Monday, May 23. The shares were sold at an average price of $2,169.22, for a total value of $4,924,129.40. As a result of the sale, the CEO now directly owns 6,695 shares of the company, valued at approximately $14,522,927.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible via this link. Also, Vice President Shelley Reynolds sold 173 shares of the company in a transaction dated Monday, May 23. The shares were sold at an average price of $2,169.22, for a total transaction of $375,275.06. Following the completion of the sale, the vice president now owns 5,989 shares of the company, valued at $12,991,458.58. Disclosure of this sale can be found here. Insiders sold a total of 4,803 shares of the company worth $10,528,337 in the past 90 days. Insiders of the company hold 12.70% of the shares of the company.

About Amazon.com (Get a rating)

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.

Further reading

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Institutional ownership by quarter for Amazon.com (NASDAQ:AMZN)



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