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Fonville Wealth Management LLC invests $956,000 in Amazon.com, Inc. (NASDAQ:AMZN)


According to Holdings Channel, Fonville Wealth Management LLC purchased a new stake in Amazon.com, Inc. in the fourth quarter. (NASDAQ:AMZN). The company bought 6,289 shares of the e-commerce giant’s stock worth about $956,000.

Several other institutional investors also recently bought and sold AMZN stock. Members Trust Co increased its holdings in shares of Amazon.com by 8.9% in the fourth quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant’s stock valued at $638,000 after purchasing an additional 341 shares during the period. Cherrydale Wealth Management LLC increased its holdings in shares of Amazon.com by 14.7% during the fourth quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock valued at $799,000 after purchasing an additional 675 shares during the period. Tompkins Financial Corp increased its position on Amazon.com by 3.3% during the fourth quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock valued at $10,875,000 after purchasing an additional 2,273 shares in the last quarter. In the third quarter, Nicholas Company Inc. increased its shares in Amazon.com by 3.9%. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock valued at $89,628,000 after acquiring an additional 26,465 shares during the period. Finally, Nordea Investment Management AB increased its holdings in Amazon.com by 5.4% in the fourth quarter. Nordea Investment Management AB now owns 5,397,520 shares of the e-commerce giant’s stock valued at $825,065,000 after acquiring an additional 277,631 shares in the last quarter. Institutional investors hold 72.20% of the company’s shares.

Buying and selling confidential information

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $180.00, for a total value of $90,000.00. Following the transaction, the CEO now owns 132,600 shares of the company’s stock, valued at $23,868,000. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which is available at this link. In related news, Keith Brian Alexander, director, sold 1,000 shares of Amazon.com stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $186.22, for a total transaction amount of $186,220.00. Following the transaction, the director now owns 4,760 shares of the company’s stock, valued at approximately $886,407.20. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed through this hyperlink. President Adam Selipsky also sold 500 shares of the company on Thursday, March 21. The shares were sold at an average price of $180.00, for a total transaction amount of $90,000.00. Following the completion of the sale, the CEO now owns 132,600 shares of the company’s stock, valued at approximately $23,868,000. The announcement of this sale can be found here. Over the last three months, insiders sold a total of 26,198,961 shares of company stock worth $4,482,430,577. Company insiders own 10.80% of the company’s shares.

Amazon.com shares fell 0.4%

Shares of NASDAQ:AMZN opened at $188.00 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The company’s market value is $1.96 trillion, its price-to-earnings ratio is 52.66, its P/E/G ratio is 1.35, and its beta is 1.15. The company has a 50-day moving average of $179.60 and a 200-day moving average of $161.63. Amazon.com, Inc. it has a 1-year low of $105.16 and a 1-year high of $189.94.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, $0.15 above the analyst consensus of $0.83. The company’s revenue for the quarter was $143.31 billion, compared to analyst expectations of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company’s revenue for the quarter was up 12.5% ​​year-over-year. During the same period last year, the company earned $0.31 per share. Retail analysts predict that Amazon.com, Inc. will report an average of 4.67 earnings per share this year.

A Wall Street analyst weighs in

AMZN has been the subject of several recent research reports. Mizuho raised their price target on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” in a report on Wednesday, May 1st. Monness Crespi & Hardt raised their target price on shares of Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft raised their target price on shares of Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Morgan Stanley raised their target price on shares of Amazon.com from $215.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Finally, on Wednesday, May 1, JMP Securities reissued a market outperform rating and set a $225.00 target price on shares of Amazon.com. One analyst has rated the company with a hold rating, forty-four have issued a buy rating to the company and one has issued a strong buy rating to the company. According to MarketBeat data, the stock has an average rating of “Buy” and an average price target of $211.62.

Get our latest stock analysis on AMZN

Amazon.com profile

(free report)

Amazon.com, Inc. retails consumer products, advertising and subscription services through online and physical stores in North America and abroad. The company operates in three segments: North America, International and Amazon Web Services (AWS). It also manufactures and sells electronic devices including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink and eero; and develops and produces media content.

Further reading

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for Amazon.com, Inc. (NASDAQ:AMZN – Free Report).

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



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