WESPAC Advisors SoCal LLC Boosts Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

WESPAC Advisors SoCal LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 294.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 91,266 shares of the e-commerce giant’s stock after acquiring an additional 68,152 shares during the quarter. Amazon.com makes up approximately 4.0% of WESPAC Advisors SoCal LLC’s holdings, making the stock its 4th biggest holding. WESPAC Advisors SoCal LLC’s holdings in Amazon.com were worth $13,867,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. PayPay Securities Corp grew its holdings in Amazon.com by 54.3% during the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after acquiring an additional 94 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Amazon.com by 45.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 86 shares during the last quarter. Authentikos Wealth Advisory LLC bought a new position in shares of Amazon.com in the 3rd quarter valued at about $49,000. Bruce G. Allen Investments LLC bought a new position in shares of Amazon.com in the 4th quarter valued at about $57,000. Finally, AM Squared Ltd bought a new position in shares of Amazon.com in the 3rd quarter valued at about $76,000. Institutional investors own 72.20% of the company’s stock.

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 stock was sold at an average price of $155.72, for a total value of $77,860.00. Following the sale, the chief executive officer now directly owns 116,560 shares in the company, valued at $18,150,723.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Jeffrey P. Bezos sold 2,009,208 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $166.79, for a total value of $335,115,802.32. Following the sale, the insider now directly owns 938,251,817 shares in the company, valued at $156,491,020,557.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $77,860.00. Following the completion of the sale, the chief executive officer now owns 116,560 shares in the company, valued at $18,150,723.20. The disclosure for this sale can be found here. Insiders have sold 32,214,010 shares of company stock worth $5,505,889,146 over the last ninety days. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $176.59 on Thursday. The stock has a market cap of $1.83 trillion, a P/E ratio of 60.89, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. 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 stock’s 50-day moving average is $177.71 and its 200-day moving average is $158.12. Amazon.com, Inc. has a 1-year low of $101.15 and a 1-year high of $189.77.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.19. The company had revenue of $169.96 billion for the quarter, compared to analysts’ expectations of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.21 earnings per share. Equities research analysts anticipate that Amazon.com, Inc. will post 4.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of analyst reports. Sanford C. Bernstein increased their price target on shares of Amazon.com from $175.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. TD Cowen increased their price target on shares of Amazon.com from $200.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. The Goldman Sachs Group raised their target price on shares of Amazon.com from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Stifel Nicolaus raised their target price on shares of Amazon.com from $200.00 to $224.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Finally, Oppenheimer raised their price target on shares of Amazon.com from $200.00 to $210.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Amazon.com presently has a consensus rating of “Buy” and a consensus target price of $204.76.

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.