Rollins Financial Increases Position in Amazon.com, Inc. (NASDAQ:AMZN)

Rollins Financial boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 18.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 95,129 shares of the e-commerce giant’s stock after acquiring an additional 14,964 shares during the quarter. Amazon.com accounts for approximately 3.0% of Rollins Financial’s investment portfolio, making the stock its 7th biggest holding. Rollins Financial’s holdings in Amazon.com were worth $7,991,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Fiduciary Planning LLC grew its stake in Amazon.com by 1.5% in the 1st quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock valued at $1,138,000 after buying an additional 5 shares in the last quarter. HBC Financial Services PLLC grew its stake in Amazon.com by 0.8% in the 1st quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock valued at $1,717,000 after buying an additional 5 shares in the last quarter. Meridian Investment Counsel Inc. grew its stake in Amazon.com by 3.4% in the 1st quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock valued at $492,000 after buying an additional 5 shares in the last quarter. Alterna Wealth Management Inc. boosted its holdings in Amazon.com by 1.8% in the 1st quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock valued at $942,000 after purchasing an additional 5 shares during the period. Finally, Archetype Wealth Partners boosted its holdings in Amazon.com by 3.7% in the 1st quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock valued at $552,000 after purchasing an additional 6 shares during the period. Institutional investors own 57.64% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $110.26 on Friday. Amazon.com, Inc. has a 1 year low of $81.43 and a 1 year high of $146.57. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.92 and a quick ratio of 0.69. The company’s 50-day moving average is $101.42 and its 200 day moving average is $96.88. The stock has a market capitalization of $1.13 trillion, a P/E ratio of 262.52, a P/E/G ratio of 3.73 and a beta of 1.26.

Amazon.com (NASDAQ:AMZN – Get Rating) last announced its quarterly earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.09. Amazon.com had a net margin of 0.82% and a return on equity of 5.85%. The company had revenue of $127.36 billion for the quarter, compared to analysts’ expectations of $124.57 billion. During the same quarter in the previous year, the company earned $0.21 earnings per share. Amazon.com’s quarterly revenue was up 9.4% on a year-over-year basis. On average, sell-side analysts expect that Amazon.com, Inc. will post 1.54 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have commented on AMZN. Moffett Nathanson cut their price target on shares of Amazon.com from $119.00 to $116.00 and set an “outperform” rating for the company in a report on Monday, April 24th. Morgan Stanley raised their price target on shares of Amazon.com from $140.00 to $150.00 and gave the company an “overweight” rating in a report on Friday, February 3rd. Deutsche Bank Aktiengesellschaft cut their price target on shares of Amazon.com from $130.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday, April 18th. Truist Financial raised their price target on shares of Amazon.com from $142.00 to $144.00 in a report on Wednesday, April 12th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $125.00 price target on shares of Amazon.com in a report on Thursday, April 20th. Three analysts have rated the stock with a hold rating and forty-one have assigned a buy rating to the company’s stock. According to MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and an average target price of $143.12.

Insider Activity at Amazon.com

In related news, CEO Andrew R. Jassy sold 23,874 shares of the business’s stock in a transaction dated Wednesday, February 15th. The shares were sold at an average price of $99.15, for a total transaction of $2,367,107.10. Following the transaction, the chief executive officer now owns 1,964,506 shares in the company, valued at $194,780,769.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Andrew R. Jassy sold 23,874 shares of the business’s stock in a transaction dated Wednesday, February 15th. The shares were sold at an average price of $99.15, for a total transaction of $2,367,107.10. Following the sale, the chief executive officer now owns 1,964,506 shares of the company’s stock, valued at $194,780,769.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Adam Selipsky sold 2,299 shares of the business’s stock in a transaction dated Tuesday, March 21st. The stock was sold at an average price of $100.34, for a total transaction of $230,681.66. Following the sale, the chief executive officer now directly owns 138,320 shares in the company, valued at approximately $13,879,028.80. The disclosure for this sale can be found here. Insiders have sold 74,133 shares of company stock worth $7,233,467 over the last 90 days. 12.30% of the stock is owned by company insiders.

Amazon.com Company Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.