Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Welch Group LLC

Welch Group LLC increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 55,089 shares of the e-commerce giant’s stock after acquiring an additional 179 shares during the period. Welch Group LLC’s holdings in Amazon.com were worth $8,370,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of AMZN. Fiduciary Planning LLC lifted its position in Amazon.com by 1.5% in the first quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock valued at $1,138,000 after acquiring an additional 5 shares during the last quarter. HBC Financial Services PLLC raised its holdings in shares of 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. raised 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 buying an additional 5 shares during the last quarter. Alterna Wealth Management Inc. raised its holdings in shares of Amazon.com by 1.8% in the first quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock valued at $942,000 after buying an additional 5 shares during the last quarter. Finally, Archetype Wealth Partners raised its holdings in shares of Amazon.com by 3.7% in the first quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock valued at $552,000 after buying an additional 6 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Down 0.2 %

AMZN stock opened at $183.32 on Wednesday. The company’s 50 day simple moving average is $176.88 and its 200-day simple moving average is $156.19. The firm has a market capitalization of $1.91 trillion, a PE ratio of 63.21, a P/E/G ratio of 1.62 and a beta of 1.17. Amazon.com, Inc. has a 12 month low of $101.15 and a 12 month high of $189.77. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.19. The business had revenue of $169.96 billion for the quarter, compared to the consensus estimate of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.21 earnings per share. Equities analysts expect that Amazon.com, Inc. will post 4.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Barclays upped their target price on shares of Amazon.com from $190.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $200.00 target price on shares of Amazon.com in a report on Wednesday, March 27th. Truist Financial reaffirmed a “buy” rating and issued a $195.00 target price on shares of Amazon.com in a report on Friday, March 22nd. Mizuho increased their price target on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Finally, JPMorgan Chase & Co. increased their price target on shares of Amazon.com from $190.00 to $225.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $201.98.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the transaction, the chief executive officer now owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The sale was disclosed in a legal filing 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 Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the transaction, the chief executive officer now owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew R. Jassy sold 50,000 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $168.65, for a total transaction of $8,432,500.00. Following the transaction, the chief executive officer now directly owns 2,014,055 shares in the company, valued at approximately $339,670,375.75. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,214,010 shares of company stock valued at $5,505,874,846. Company insiders own 12.70% of the company’s stock.

Amazon.com Profile

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.