Harvest Volatility Management LLC increased its holdings in the multinational technology company Amazon.com, Inc. by 1.3% during the fourth quarter of last year, according to a recent disclosure filed with the Securities & Exchange Commission. The firm purchased an additional 4,290 shares of Amazon.com, making it their third largest position in their portfolio at approximately 5.6%. At the end of the fourth quarter, Harvest Volatility Management LLC’s holdings in Amazon.com were worth $27,939,000.
Amazon.com provides online retail shopping services and operates through North America, International and Amazon Web Services (AWS) segments. Its North America segment is known for its online and physical retail sales of consumer products including subscriptions.
Equities research analysts have been keeping a close eye on Amazon.com stock over the past few months with several publishing reports on AMZN shares. Robert W.Baird raised their target price from $125 to $130 while Piper Sandler raised their price objective from $123 to $130 in April. Cowen raised their price objective from $140 to $150 and gave Amazon.com an “outperform” rating in February; however, Barclays decreased its price objective on Amazon.com from $150 to $140 citing concerns about the stock’s future performance. JPMorgan Chase & Co., another equity research analyst firm lifted its price objective on Amazon.com amid bullish predictions and assessments about strong market fundamental factors influencing optimism around growth prospects in e-commerce worldwide.
The online retail giant currently has a consensus target price of $143.17 as calculated through Bloomberg’s data indicating a “Moderate Buy” rating from three equities research analysts who have held hold ratings while forty have given it a buy rating for investment potential enhancement. Investors should stay up-to-date with current trends driving the economy and innovations that could influence demand as they consider investing in this stock longer term for potentially attractive returns based on solid market fundamentals by which Amazon.com could gain considerable growth momentum.
Amazon: Institutional Investors and CEO Sales Impacting the Multinational Enterprise.
Amazon.com Inc., the multinational technology company that revolutionized online retail shopping, has been making waves in the financial sector with institutional investors and hedge funds modifying their holdings of its business. Fiduciary Planning LLC grew its position in Amazon.com by 1.5% during the first quarter and now owns 349 shares of the e-commerce giant’s stock worth $1,138,000 after acquiring an additional five shares during the last quarter. Similarly, HBC Financial Services PLLC lifted its stake in shares of Amazon.com by 0.8%, while Alterna Wealth Management Inc. increased its holdings by 1.8%. The data reveals that institutional investors and hedge funds own 57.64% of the company’s stock.
But despite these reports, Amazon CEO Adam Selipsky sold 500 shares of the company’s stock on April 5th at an average price of $101.67, for a total value of $50,835.00 while CEO Andrew R.Jassy sold 21,925 shares of stock valued at $115.37 each on Monday May 22nd; following which his worth was valued at a staggering $230,472,456.97.
As one of NASDAQ’s leading companies listed as AMZN with a market cap standing at $1.23 trillion and a PEG ratio of 4:00 along with operating under three segments including North America operations and Amazon Web Services (AWS), the firm recently reported impressive results beating projections made by equities research analysts for its Q1 earnings report.
The e-commerce giant reported EPS OF $0.31 for Q1 which topped consensus estimates by posting nine cents above expectations where net margin rose to .82% with return on equity effective at %5:85 accompanied by an increase in revenue growth year-over-year up to almost %10 garnering revenues close to $127 billion.
While analyses speculate that Amazon stands a little too high on its throne, only time will tell if this multinational enterprise will continue to remain powerful in a forever evolving industry.