Surevest Inc. Invests $1.82 Million in Amazon.com, Inc. (NASDAQ:AMZN) Stock
Surevest Inc. acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,214 shares of the e-commerce giant’s stock, valued at approximately $1,823,000. Amazon.com makes up approximately 1.4% of Surevest Inc.’s portfolio, making the stock its 24th biggest position.
Other large investors have also recently modified their holdings of the company. Signet Investment Advisory Group Inc. acquired a new stake in shares of Amazon.com during the fourth quarter worth approximately $33,000. ERTS Wealth Advisors LLC acquired a new stake in shares of Amazon.com during the fourth quarter worth approximately $35,000. Phocas Financial Corp. acquired a new stake in shares of Amazon.com during the fourth quarter worth approximately $35,000. Spence Asset Management grew its position in shares of Amazon.com by 127.3% during the fourth quarter. Spence Asset Management now owns 25 shares of the e-commerce giant’s stock worth $38,000 after buying an additional 14 shares in the last quarter. Finally, Financial Advantage Inc. acquired a new stake in shares of Amazon.com during the fourth quarter worth approximately $45,000. 55.51% of the stock is owned by institutional investors.
AMZN stock opened at $1,869.67 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.83 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $920.50 billion, a price-to-earnings ratio of 78.07, a P/E/G ratio of 2.13 and a beta of 1.62. Amazon.com, Inc. has a 1 year low of $1,307.00 and a 1 year high of $2,050.50.
A number of analysts have recently weighed in on AMZN shares. Cleveland Research started coverage on shares of Amazon.com in a research report on Thursday, February 28th. They set a “buy” rating for the company. BidaskClub raised shares of Amazon.com from a “sell” rating to a “hold” rating in a research report on Tuesday, March 5th. Wells Fargo & Co set a $2,100.00 price target on shares of Amazon.com and gave the stock a “buy” rating in a research report on Monday, March 18th. Evercore ISI started coverage on shares of Amazon.com in a research report on Wednesday, March 20th. They set an “outperform” rating and a $1,965.00 price target for the company. Finally, Oppenheimer raised their price target on shares of Amazon.com from $1,975.00 to $2,085.00 and gave the stock an “outperform” rating in a research report on Monday, April 1st. Five analysts have rated the stock with a hold rating and forty-three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $2,196.39.
In other Amazon.com news, SVP David Zapolsky sold 880 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $1,834.59, for a total value of $1,614,439.20. Following the sale, the senior vice president now directly owns 3,902 shares in the company, valued at $7,158,570.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey A. Wilke sold 1,000 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $1,858.25, for a total value of $1,858,250.00. Following the completion of the sale, the chief executive officer now owns 10,000 shares in the company, valued at $18,582,500. The disclosure for this sale can be found here. Insiders sold 12,932 shares of company stock worth $24,196,737 over the last quarter. 16.10% of the stock is currently owned by company insiders.
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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 third-party sellers through physical stores and online stores.
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