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Genovese Burford & Brothers Wealth & Retirement Plan Management LLC Acquires 135 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 11.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,308 shares of the e-commerce giant’s stock after buying an additional 135 shares during the quarter. Amazon.com accounts for 1.1% of Genovese Burford & Brothers Wealth & Retirement Plan Management LLC’s investment portfolio, making the stock its 9th largest holding. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC’s holdings in Amazon.com were worth $4,260,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Mosaic Family Wealth LLC grew its holdings in Amazon.com by 0.4% during the fourth quarter. Mosaic Family Wealth LLC now owns 787 shares of the e-commerce giant’s stock worth $2,563,000 after buying an additional 3 shares in the last quarter. Hallmark Capital Management Inc. grew its stake in Amazon.com by 0.7% in the 4th quarter. Hallmark Capital Management Inc. now owns 445 shares of the e-commerce giant’s stock valued at $1,449,000 after purchasing an additional 3 shares during the period. Palisade Asset Management LLC grew its stake in Amazon.com by 2.4% in the 3rd quarter. Palisade Asset Management LLC now owns 172 shares of the e-commerce giant’s stock valued at $542,000 after purchasing an additional 4 shares during the period. Villere ST Denis J & Co. LLC grew its stake in Amazon.com by 2.9% in the 3rd quarter. Villere ST Denis J & Co. LLC now owns 140 shares of the e-commerce giant’s stock valued at $440,000 after purchasing an additional 4 shares during the period. Finally, NBT Bank N A NY grew its stake in Amazon.com by 0.4% in the 3rd quarter. NBT Bank N A NY now owns 943 shares of the e-commerce giant’s stock valued at $2,970,000 after purchasing an additional 4 shares during the period. 56.39% of the stock is currently owned by hedge funds and other institutional investors.

In other Amazon.com news, CEO David H. Clark sold 1,019 shares of Amazon.com stock in a transaction on Tuesday, February 16th. The stock was sold at an average price of $3,257.88, for a total transaction of $3,319,779.72. Following the completion of the transaction, the chief executive officer now owns 1,452 shares in the company, valued at $4,730,441.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey A. Wilke sold 2,000 shares of Amazon.com stock in a transaction on Tuesday, December 1st. The shares were sold at an average price of $3,200.59, for a total value of $6,401,180.00. Following the transaction, the chief executive officer now owns 7,459 shares of the company’s stock, valued at approximately $23,873,200.81. The disclosure for this sale can be found here. Insiders have sold 3,673 shares of company stock valued at $11,846,726 in the last quarter. 16.10% of the stock is owned by company insiders.

AMZN opened at $3,180.74 on Tuesday. The stock has a market cap of $1.60 trillion, a PE ratio of 93.14, a PEG ratio of 2.37 and a beta of 1.19. The company has a quick ratio of 0.88, a current ratio of 1.11 and a debt-to-equity ratio of 0.40. The business has a 50 day moving average of $3,239.12 and a 200-day moving average of $3,205.87. Amazon.com, Inc. has a 52 week low of $1,626.03 and a 52 week high of $3,552.25.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Monday, February 1st. The e-commerce giant reported $14.09 EPS for the quarter, beating the Zacks’ consensus estimate of $7.05 by $7.04. The company had revenue of $125.56 billion during the quarter, compared to analysts’ expectations of $119.73 billion. Amazon.com had a return on equity of 24.49% and a net margin of 4.99%. The firm’s revenue for the quarter was up 43.6% compared to the same quarter last year. During the same quarter last year, the business posted $6.47 EPS. Equities analysts anticipate that Amazon.com, Inc. will post 34.59 EPS for the current year.

A number of brokerages have issued reports on AMZN. Morgan Stanley restated an “overweight” rating on shares of Amazon.com in a research note on Wednesday, February 3rd. Jefferies Financial Group upped their price objective on Amazon.com from $3,800.00 to $4,000.00 and gave the company a “buy” rating in a research note on Wednesday, February 3rd. Stifel Nicolaus increased their price target on Amazon.com from $3,600.00 to $4,000.00 and gave the stock a “buy” rating in a research note on Wednesday, February 3rd. Bank of America increased their price target on Amazon.com from $3,650.00 to $4,000.00 in a research note on Thursday, January 21st. Finally, The Goldman Sachs Group increased their price target on Amazon.com from $4,200.00 to $4,500.00 and gave the stock a “buy” rating in a research note on Wednesday, February 3rd. Two equities research analysts have rated the stock with a hold rating and forty-six have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $3,924.51.

Amazon.com Company Profile

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.

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