Callahan Advisors LLC Has $30.12 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Callahan Advisors LLC lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 198,265 shares of the e-commerce giant’s stock after acquiring an additional 3,146 shares during the period. Amazon.com makes up approximately 3.5% of Callahan Advisors LLC’s investment portfolio, making the stock its 5th largest position. Callahan Advisors LLC’s holdings in Amazon.com were worth $30,124,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. PayPay Securities Corp raised its position in shares of Amazon.com by 54.3% in the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after buying an additional 94 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. increased its stake in Amazon.com by 45.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after acquiring an additional 86 shares during the period. Bruce G. Allen Investments LLC acquired a new position in Amazon.com in the 4th quarter valued at $57,000. Authentikos Wealth Advisory LLC bought a new stake in shares of Amazon.com during the 3rd quarter valued at $49,000. Finally, AM Squared Ltd bought a new stake in shares of Amazon.com during the 3rd quarter valued at $76,000. 72.20% of the stock is owned by institutional investors.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total value of $77,860.00. Following the transaction, the chief executive officer now owns 116,560 shares in the company, valued at $18,150,723.20. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total value of $77,860.00. Following the transaction, the chief executive officer now directly owns 116,560 shares in the company, valued at approximately $18,150,723.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $180.73, for a total transaction of $632,555.00. Following the sale, the chief executive officer now owns 512,858 shares of the company’s stock, valued at approximately $92,688,826.34. The disclosure for this sale can be found here. Insiders sold 32,214,010 shares of company stock valued at $5,505,889,146 in the last three months. Corporate insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on AMZN shares. Truist Financial boosted their price target on Amazon.com from $195.00 to $216.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Royal Bank of Canada boosted their target price on shares of Amazon.com from $180.00 to $215.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Roth Mkm reiterated a “buy” rating and set a $205.00 price target on shares of Amazon.com in a research report on Tuesday, April 16th. Bank of America boosted their price objective on shares of Amazon.com from $185.00 to $204.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Finally, JPMorgan Chase & Co. lifted their price target on Amazon.com from $190.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Amazon.com presently has an average rating of “Buy” and a consensus target price of $202.80.

Amazon.com Price Performance

Amazon.com stock opened at $177.23 on Tuesday. The stock’s 50 day moving average price is $177.38 and its two-hundred day moving average price is $157.63. The stock has a market capitalization of $1.84 trillion, a price-to-earnings ratio of 61.11, a PEG ratio of 1.52 and a beta of 1.17. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. Amazon.com, Inc. has a 52-week low of $101.15 and a 52-week high of $189.77.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.19. Amazon.com had a net 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 estimates of $165.96 billion. During the same period in the prior year, the firm earned $0.21 earnings per share. Amazon.com’s revenue was up 13.9% on a year-over-year basis. On average, equities analysts predict that Amazon.com, Inc. will post 4.1 earnings per share for the current year.

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.