Baird Financial Group Inc. Has $60.32 Million Position in Amazon.com (AMZN)
Baird Financial Group Inc. lowered its holdings in Amazon.com (NASDAQ:AMZN) by 3.6% in the fourth quarter, Holdings Channel reports. The firm owned 51,581 shares of the e-commerce giant’s stock after selling 1,932 shares during the period. Baird Financial Group Inc.’s holdings in Amazon.com were worth $60,324,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Truepoint Inc. lifted its holdings in Amazon.com by 94,448.7% during the 3rd quarter. Truepoint Inc. now owns 572,965 shares of the e-commerce giant’s stock worth $573,000 after buying an additional 572,359 shares during the last quarter. Atlantic Trust Group LLC lifted its holdings in Amazon.com by 55.5% during the 3rd quarter. Atlantic Trust Group LLC now owns 576,450 shares of the e-commerce giant’s stock worth $554,171,000 after buying an additional 205,677 shares during the last quarter. Suvretta Capital Management LLC bought a new position in Amazon.com during the 3rd quarter worth approximately $191,658,000. The Manufacturers Life Insurance Company lifted its holdings in Amazon.com by 7.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,518,838 shares of the e-commerce giant’s stock worth $1,776,236,000 after buying an additional 105,161 shares during the last quarter. Finally, California Public Employees Retirement System lifted its holdings in Amazon.com by 11.3% during the 4th quarter. California Public Employees Retirement System now owns 960,587 shares of the e-commerce giant’s stock worth $1,123,378,000 after buying an additional 97,708 shares during the last quarter. 56.85% of the stock is owned by hedge funds and other institutional investors.
Shares of Amazon.com opened at $1,629.62 on Friday, Marketbeat reports. Amazon.com has a 1 year low of $927.00 and a 1 year high of $1,638.10. The firm has a market cap of $782.61 billion, a PE ratio of 358.16, a PEG ratio of 4.32 and a beta of 1.60. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.77 and a current ratio of 1.06.
AMZN has been the topic of a number of research analyst reports. Monness Crespi & Hardt reaffirmed a “buy” rating and set a $2,000.00 target price on shares of Amazon.com in a report on Wednesday, April 11th. Wedbush set a $1,800.00 target price on Amazon.com and gave the stock a “buy” rating in a report on Friday, April 27th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Amazon.com in a report on Monday, April 30th. Jefferies Group raised their price target on Amazon.com from $1,450.00 to $1,750.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Finally, Loop Capital raised their price target on Amazon.com to $1,800.00 and gave the stock a “buy” rating in a report on Friday, April 27th. Two investment analysts have rated the stock with a hold rating, fifty-one have given a buy rating and two have given a strong buy rating to the company’s stock. Amazon.com currently has an average rating of “Buy” and an average target price of $1,705.08.
In related news, VP Shelley Reynolds sold 435 shares of Amazon.com stock in a transaction on Tuesday, May 15th. The stock was sold at an average price of $1,578.02, for a total value of $686,438.70. Following the transaction, the vice president now directly owns 6,408 shares in the company, valued at approximately $10,111,952.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey A. Wilke sold 250 shares of Amazon.com stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $1,549.90, for a total value of $387,475.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares in the company, valued at $15,499,000. The disclosure for this sale can be found here. Insiders sold a total of 11,243 shares of company stock worth $17,745,414 over the last 90 days. Insiders own 16.30% of the company’s stock.
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 vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.
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