Better Money Decisions LLC increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.6% in the 4th quarter, according to the company’s latest Form 13F filing with the Securities and Exchange Commission. The institutional investor now owns 8,183 shares of the e-commerce giant’s stock after acquiring an additional 207 shares during the period. Amazon.com makes up about 1.0% of Better Money Decisions LLC’s portfolio, making the stock its 19th largest stock. Better Money Decisions LLC’s Amazon.com holdings were valued at $1,243,000 as of its latest SEC filing.
Other institutional investors also changed their holdings of the company’s shares. Mayflower Financial Advisors LLC increased its stake in shares of Amazon.com by 0.3% in the 3rd quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock valued at $25,000 after acquiring an additional 572 shares in the last quarter. PayPay Securities increased its stake in Amazon.com by 54.3% in the third quarter. PayPay Securities now owns 267 shares of the e-commerce giant’s stock, valued at $34,000, after acquiring an additional 94 shares last quarter. Laurel Wealth Planning LLC increased his holdings in shares of Amazon.com by 1,900.0% in the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after acquiring an additional 304 shares in the last quarter. Sanctuary Wealth Management LLC acquired a new position in shares of Amazon.com during the 4th quarter valued at $37,000. Finally, Swaine & Leidel Wealth Services LLC acquired a new position in shares of Amazon.com during the 1st quarter valued at $38,000. Institutional investors and hedge funds own 72.20% of the company’s stock.
Analyst sets new price target
AMZN has been the subject of numerous analyst reports. Ross Mkm reiterated a “buy” rating and set a $205.00 price objective on shares of Amazon.com in a research note on Tuesday. Oppenheimer increased their target price on shares of Amazon.com from $200.00 to $210.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. DA Davidson increased their target price on shares of Amazon.com from $200.00 to $235.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Goldman Sachs Group increased their target price on shares of Amazon.com from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Finally, Benchmark increased their target price on shares of Amazon.com from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. 1 investment analyst has rated the stock with a hold rating, 44 have rated it a buy, and 1 has rated the stock with a strong buy rating. Based on MarketBeat data, the stock currently has an average rating of “Buy” and an average target price of $202.80.
Get the latest stock analysis on AMZN
Insiders place bets
In other Amazon.com news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total sale of $92,000.00. Following the completion of the sale, the CEO now directly owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The transaction was disclosed in a filing with the Securities and Exchange Commission, which can be accessed through this hyperlink. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of his Amazon.com stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total sale of $92,000.00. Following the completion of the sale, the CEO now directly owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The transaction was disclosed in a filing with the Securities and Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,009,208 shares of Amazon.com stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $166.79, for a total transaction of $335,115,802.32. Following the completion of the sale, the insider now directly owns 938,251,817 shares of the company’s stock, valued at $156,491,020,557.43. Disclosures regarding this sale can be found here. Over the past three months, an insider has sold 32,213,510 shares of company stock valued at $5,505,798,456. Insiders own 12.70% of the company’s stock.
Amazon.com trading fell 1.1%
AMZN stock opened Thursday at $181.28. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05, and a quick ratio of 0.84. The company’s 50 day simple moving average is $177.09 and its 200 day simple moving average is $156.36. Amazon.com’s 1-year low is $101.15 and 1-year high is $189.77. The stock has a market capitalization of $1.89 trillion, a price-to-earnings ratio of 62.51x, a price-to-earnings ratio of 1.60x, and a beta of 1.16x.
Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a net profit margin of 5.29% and a return on equity of 16.61%. The business had revenue of $169.96 billion for the quarter, compared to analyst expectations of $165.96 billion. During the same period last year, the company’s EPS was $0.21. The company’s revenue increased 13.9% year over year. Equities analysts expect Amazon.com to post 4.08 EPS for the current fiscal year.
Amazon.com Company Profile
(Free report)
Amazon.com, Inc provides retail sales, advertising and subscription services for consumer products through online and brick-and-mortar stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). The company also manufactures and sells electronic devices such as the Kindle, Fire tablet, Fire TV, Echo, Ring, Blink, and eero. We develop and produce media content.
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Curious if other hedge funds own AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider transactions for Amazon.com, Inc. (NASDAQ:AMZN – Free Report).
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