Independent Wealth Network Inc. Acquires 804 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Independent Wealth Network Inc. boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 7.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,563 shares of the e-commerce giant’s stock after purchasing an additional 804 shares during the quarter. Amazon.com comprises about 0.9% of Independent Wealth Network Inc.’s portfolio, making the stock its 25th biggest holding. Independent Wealth Network Inc.’s holdings in Amazon.com were worth $1,757,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Bridgefront Capital LLC bought a new stake in Amazon.com in the 1st quarter valued at $228,000. Krane Funds Advisors LLC boosted its stake in Amazon.com by 239.1% in the 1st quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock valued at $254,000 after purchasing an additional 55 shares during the period. Range Financial Group LLC bought a new stake in Amazon.com in the 1st quarter valued at $258,000. My Personal CFO LLC bought a new stake in Amazon.com in the 1st quarter valued at $261,000. Finally, Worth Asset Management LLC bought a new stake in Amazon.com in the 1st quarter valued at $191,000. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft upped their target price on Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Barclays upped their target price on Amazon.com from $190.00 to $220.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Wedbush upped their target price on Amazon.com from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Telsey Advisory Group reiterated an “outperform” rating and set a $200.00 target price on shares of Amazon.com in a research report on Wednesday. Finally, The Goldman Sachs Group upped their target price on Amazon.com from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $197.95.

View Our Latest Report on AMZN

Amazon.com Trading Up 0.3 %

Shares of AMZN stock opened at $180.38 on Friday. The stock has a market cap of $1.87 trillion, a price-to-earnings ratio of 62.20, a PEG ratio of 1.57 and a beta of 1.17. The stock has a 50-day moving average of $170.83 and a 200-day moving average of $151.47. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. Amazon.com, Inc. has a 1-year low of $97.71 and a 1-year high of $181.70.

Amazon.com (NASDAQ:AMZNGet Free Report) last issued its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The company had revenue of $169.96 billion during the quarter, compared to analysts’ expectations of $165.96 billion. During the same quarter in the prior year, the firm posted $0.21 earnings per share. The business’s quarterly revenue was up 13.9% on a year-over-year basis. On average, equities research analysts forecast that Amazon.com, Inc. will post 4.08 earnings per share for the current year.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $145.63, for a total transaction of $72,815.00. Following the sale, the chief executive officer now owns 118,560 shares in the company, valued at approximately $17,265,892.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $145.63, for a total transaction of $72,815.00. Following the sale, the chief executive officer now owns 118,560 shares in the company, valued at approximately $17,265,892.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 20,200 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $169.99, for a total value of $3,433,798.00. Following the sale, the chief executive officer now owns 514,131 shares in the company, valued at approximately $87,397,128.69. The disclosure for this sale can be found here. Insiders have sold a total of 32,210,510 shares of company stock worth $5,505,223,106 in the last 90 days. Corporate insiders own 12.30% of the company’s stock.

Amazon.com Profile

(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.

Further Reading

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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