Western Financial Corp CA Grows Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Western Financial Corp CA increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 6.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,438 shares of the e-commerce giant’s stock after acquiring an additional 316 shares during the period. Western Financial Corp CA’s holdings in Amazon.com were worth $826,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Mayflower Financial Advisors LLC raised its stake in shares of Amazon.com by 0.3% in the third quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock valued at $25,000 after acquiring an additional 572 shares in the last quarter. PayPay Securities Corp raised its stake 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 acquiring an additional 94 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of Amazon.com by 45.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after acquiring an additional 86 shares in the last quarter. Authentikos Wealth Advisory LLC acquired a new stake in Amazon.com in the third quarter valued at $49,000. Finally, Bruce G. Allen Investments LLC acquired a new stake in Amazon.com in the fourth quarter valued at $57,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Price Performance

AMZN stock opened at $179.54 on Wednesday. The firm has a 50 day moving average of $177.60 and a 200-day moving average of $157.99. Amazon.com, Inc. has a 12-month low of $101.15 and a 12-month high of $189.77. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The company has a market cap of $1.87 trillion, a price-to-earnings ratio of 61.91, a PEG ratio of 1.52 and a beta of 1.17.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The company had revenue of $169.96 billion during the quarter, compared to the consensus estimate of $165.96 billion. During the same period last year, the firm earned $0.21 EPS. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. As a group, equities analysts expect that Amazon.com, Inc. will post 4.1 EPS for the current fiscal year.

Analysts Set New Price Targets

AMZN has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Robert W. Baird raised their price target on Amazon.com from $185.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Barclays raised their price target on Amazon.com from $190.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Oppenheimer raised their price target on Amazon.com from $200.00 to $210.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Finally, The Goldman Sachs Group raised their price target on Amazon.com from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Amazon.com has an average rating of “Buy” and an average price target of $203.13.

Insider Activity

In related news, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $20,239,226.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Jonathan Rubinstein sold 12,133 shares of Amazon.com stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $171.00, for a total transaction of $2,074,743.00. Following the completion of the transaction, the director now directly owns 115,220 shares in the company, valued at approximately $19,702,620. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $20,239,226.60. The disclosure for this sale can be found here. In the last three months, insiders sold 32,214,010 shares of company stock worth $5,505,889,146. Company insiders own 10.80% of the company’s stock.

About Amazon.com

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.