Amazon.com, Inc. (NASDAQ:AMZN) is Thrivent Financial for Lutherans’ 5th Largest Position

Thrivent Financial for Lutherans lessened its position in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 10.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,855,360 shares of the e-commerce giant’s stock after selling 591,795 shares during the quarter. Amazon.com makes up 1.1% of Thrivent Financial for Lutherans’ investment portfolio, making the stock its 5th largest holding. Thrivent Financial for Lutherans’ holdings in Amazon.com were worth $407,851,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Fiduciary Planning LLC lifted its holdings in shares of 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 purchasing an additional 5 shares during the last quarter. HBC Financial Services PLLC lifted its stake in Amazon.com by 0.8% in the first 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 during the last quarter. Meridian Investment Counsel Inc. boosted its holdings in shares of Amazon.com by 3.4% in the first quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock valued at $492,000 after acquiring an additional 5 shares during the period. Alterna Wealth Management Inc. grew its position in shares of Amazon.com by 1.8% during the first quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock worth $942,000 after acquiring an additional 5 shares during the last quarter. Finally, Archetype Wealth Partners increased its holdings in shares of 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 acquiring an additional 6 shares during the period. Institutional investors and hedge funds own 57.64% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the topic of several research reports. Rosenblatt Securities raised their price objective on shares of Amazon.com from $106.00 to $111.00 in a research report on Friday, April 28th. Needham & Company LLC restated a “buy” rating and issued a $120.00 price target on shares of Amazon.com in a research report on Wednesday, April 12th. Morgan Stanley increased their price objective on Amazon.com from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, February 3rd. Piper Sandler boosted their target price on Amazon.com from $123.00 to $130.00 in a report on Friday, April 28th. Finally, DA Davidson increased their price target on Amazon.com from $114.00 to $134.00 and gave the stock a “buy” rating in a report on Friday, February 3rd. Three equities research analysts have rated the stock with a hold rating and forty-one have issued a buy rating to the company. According to data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and a consensus price target of $143.12.

Amazon.com Price Performance

NASDAQ:AMZN opened at $114.99 on Wednesday. Amazon.com, Inc. has a 12-month low of $81.43 and a 12-month high of $146.57. The firm has a market cap of $1.18 trillion, a price-to-earnings ratio of 273.79, a price-to-earnings-growth ratio of 4.04 and a beta of 1.26. The company’s 50-day moving average is $104.48 and its two-hundred day moving average is $97.42. The company has a current ratio of 0.92, a quick ratio of 0.69 and a debt-to-equity ratio of 0.43.

Amazon.com (NASDAQ:AMZN – Get Rating) last announced its earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.09. The firm had revenue of $127.36 billion for the quarter, compared to analyst estimates of $124.57 billion. Amazon.com had a net margin of 0.82% and a return on equity of 5.85%. Amazon.com’s revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.21 earnings per share. Research analysts expect that Amazon.com, Inc. will post 1.57 EPS for the current year.

Insider Activity

In related news, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Wednesday, April 5th. The stock was sold at an average price of $101.67, for a total transaction of $50,835.00. Following the transaction, the chief executive officer now directly owns 137,300 shares in the company, valued at $13,959,291. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, April 5th. The shares were sold at an average price of $101.67, for a total transaction of $50,835.00. Following the completion of the transaction, the chief executive officer now owns 137,300 shares of the company’s stock, valued at $13,959,291. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $115.60, for a total transaction of $358,360.00. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $13,846,568. The disclosure for this sale can be found here. Insiders sold a total of 75,144 shares of company stock valued at $8,405,887 over the last quarter. Company insiders own 12.70% of the company’s stock.

Amazon.com 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.