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Canada is already examining tariffs on certain US items following Trump's tariff threatJoel Isaacson & Co. LLC grew its stake in Amazon.com, Inc. ( NASDAQ:AMZN ) by 3.9% during the third quarter, HoldingsChannel reports. The firm owned 157,724 shares of the e-commerce giant’s stock after buying an additional 5,948 shares during the quarter. Amazon.com accounts for about 1.4% of Joel Isaacson & Co. LLC’s investment portfolio, making the stock its 15th largest holding. Joel Isaacson & Co. LLC’s holdings in Amazon.com were worth $29,389,000 as of its most recent filing with the Securities and Exchange Commission. A number of other hedge funds also recently made changes to their positions in AMZN. Garrison Point Advisors LLC boosted its holdings in Amazon.com by 0.3% during the 1st quarter. Garrison Point Advisors LLC now owns 20,375 shares of the e-commerce giant’s stock worth $3,675,000 after acquiring an additional 55 shares during the last quarter. Meridian Investment Counsel Inc. boosted its holdings in Amazon.com by 1.8% during the 2nd quarter. Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant’s stock worth $594,000 after acquiring an additional 55 shares during the last quarter. O Connor Financial Group LLC boosted its holdings in Amazon.com by 2.2% during the 3rd quarter. O Connor Financial Group LLC now owns 2,536 shares of the e-commerce giant’s stock worth $473,000 after acquiring an additional 55 shares during the last quarter. Cherrydale Wealth Management LLC boosted its holdings in Amazon.com by 0.7% during the 3rd quarter. Cherrydale Wealth Management LLC now owns 7,492 shares of the e-commerce giant’s stock worth $1,396,000 after acquiring an additional 55 shares during the last quarter. Finally, Mason & Associates Inc boosted its holdings in Amazon.com by 0.4% during the 2nd quarter. Mason & Associates Inc now owns 13,427 shares of the e-commerce giant’s stock worth $2,595,000 after acquiring an additional 57 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds. Amazon.com Stock Up 1.0 % Shares of Amazon.com stock opened at $207.89 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. Amazon.com, Inc. has a 52-week low of $142.81 and a 52-week high of $215.90. The stock has a market capitalization of $2.19 trillion, a price-to-earnings ratio of 44.52, a P/E/G ratio of 1.38 and a beta of 1.14. The company’s 50 day moving average price is $194.78 and its 200-day moving average price is $186.94. Analysts Set New Price Targets A number of research firms have issued reports on AMZN. UBS Group lifted their price objective on shares of Amazon.com from $220.00 to $223.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Oppenheimer lifted their target price on Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Truist Financial lifted their target price on Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Monness Crespi & Hardt lifted their target price on Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Redburn Atlantic lifted their target price on Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and a consensus price target of $236.20. Get Our Latest Report on AMZN Insider Activity at Amazon.com In related news, CEO Matthew S. Garman sold 15,260 shares of Amazon.com stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $200.19, for a total value of $3,054,899.40. Following the sale, the chief executive officer now owns 349,261 shares in the company, valued at $69,918,559.59. The trade was a 4.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link . Also, CEO Douglas J. Herrington sold 5,502 shares of Amazon.com stock in a transaction on Friday, November 15th. The shares were sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the completion of the sale, the chief executive officer now owns 518,911 shares in the company, valued at approximately $106,797,072.91. This trade represents a 1.05 % decrease in their position. The disclosure for this sale can be found here . Insiders have sold a total of 6,026,683 shares of company stock worth $1,252,148,795 over the last quarter. Corporate insiders own 10.80% of the company’s stock. About Amazon.com ( Free Report ) Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content. See Also Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. ( NASDAQ:AMZN – Free Report ). 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Blanc scores a Direct hit: Aviva boss's swoop on rival should not come as a huge surprise, says ALEX BRUMMER By ALEX BRUMMER FOR THE DAILY MAIL Updated: 22:00, 27 November 2024 e-mail View comments The turnaround at Aviva under the stewardship of chief executive Amanda Blanc has been extraordinary. Superfluous overseas businesses have been sold, cash returned to shareholders and Blanc has built up a war chest for investment. The decision to bid for Direct Line, the company which revolutionised the way car insurance is sold, should not come as a huge surprise. Founded by insurance entrepreneur Peter Wood, Direct Line has fallen into disrepair in recent times and left in the dust by other general insurance innovators, notably Cardiff-based Admiral. Aviva’s offer price of 250p-a-share, a premium of 57.5 per cent to the closing price of the shares, places a value of £3.3billion on Direct Line and was intended to be a knock-out bid which encouraged chairman Danuta Gray and chief executive Adam Winslow, an Aviva emigre, into talks. But as of last night there was no communication. By going public, Blanc has effectively gone hostile. Ambition: Aviva chief exec Amanda Blanc (pictured) has turned her sights on rival insurer Direct Line with a bold 250p-a-share bid - a premium of 57.5% to the closing price of the shares Shareholders in Aviva will be reassured that the new ambition shown by Britain’s strongest insurance brand will not affect promises made to return capital to investors. In terms of scale, Aviva, with a market value of £13.1billion, is a goliath to Direct Line’s dwarf. Nevertheless, in the insurance world the deal is significant with Direct Line speaking for just under 9m policies. Not all insurance deals go well. The agreed merger of Royal Insurance and Sun Alliance way back in the 1990s was a flop which left an indelible mark on the sector. The current proposed deal is effectively a rescue for a company going through hard times. But even generous premiums to market value have been rejected by shareholders in UK-listed firms this year. Blanc and her team are not home and dry just yet. RELATED ARTICLES Previous 1 Next Germany goes kaput: How Net Zero is killing Europe's most... Aviva in £3.3bn bid for Direct Line: Takeover battle erupts... Share this article Share HOW THIS IS MONEY CAN HELP How to choose the best (and cheapest) stocks and shares Isa and the right DIY investing account Royal plunder The record of key UK industries falling into overseas hands is not a happy one. There is barely a day when Thames Water is not in the headlines, a consequence of labyrinthine finances, leaking pipes and seeping sewage. Bits of the UK car industry, such as BMW-owned Mini, do work. But foreign ownership of Vauxhall and Ford, both of which are winding down in Britain, means that decisions on jobs in the EV era are made in the Netherlands (nominal HQ of Stellantis) and Detroit. In spite of this unhappy experience, Business Secretary Jonathan Reynolds shows no inclination to intervene in the £3.6billion bid by the Czech billionaire Daniel Kretinsky for Royal Mail-owner International Distribution Services. It is to be hoped that Reynolds and his Business Department has taken a deep dive into Kretinsky’s past Eastern European business connections and those of his partners in the bidding EP Group. Reynolds may feel no sentimentality about selling Britain’s oldest corporation. However, the multilayer, high-cost financing by a consortium of foreign banks is, like that of Thames Water, an invitation to financial plunder at the expense of consumers. We know from other overseas takeovers that pledges about jobs, investment and modernisation may look watertight but are unenforceable because business conditions change so rapidly. Labour may feel it has joined the good guys by allowing the deal for Royal Mail to progress in the name of foreign investment. It is in danger of contributing to a financing doom loop. Crosbie coup Debbie Crosbie’s swoop on Virgin Money has turned out to be shrewd. A disappointing half-year for Nationwide, Britain’s largest mutual finance group, is masked by a £2.3billion payday following the purchase of the bank. Nationwide’s coup illustrates how foolish it is for the boards of FTSE 350 companies to sell themselves for what looks like a generous premium when the underlying value is so much greater. As matters stand, it looks certain that even though Nationwide’s profits plunged 43 per cent to £568million in the first half, members can expect a ‘fairer share’ payment following the Virgin Money windfall. Virgin shareholders and customers have reason to feel aggrieved. The Virgin board sold them short and borrowers and depositors will see Nationwide customers benefit while they receive nothing. It ill behoves Nationwide, that sings so loudly from the mutual song sheet, that Virgin Money customers are being treated like second class citizens. Disappointing. DIY INVESTING PLATFORMS AJ Bell AJ Bell Easy investing and ready-made portfolios Learn More Learn More Hargreaves Lansdown Hargreaves Lansdown Free fund dealing and investment ideas Learn More Learn More interactive investor interactive investor Flat-fee investing from £4.99 per month Learn More Learn More Saxo Saxo Get £200 back in trading fees Learn More Learn More Trading 212 Trading 212 Free dealing and no account fee Learn More Learn More Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence. Compare the best investing account for you Share or comment on this article: Blanc scores a Direct hit: Aviva boss's swoop on rival should not come as a huge surprise, says ALEX BRUMMER e-mail Add comment Some links in this article may be affiliate links. If you click on them we may earn a small commission. That helps us fund This Is Money, and keep it free to use. We do not write articles to promote products. We do not allow any commercial relationship to affect our editorial independence. More top stories
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