Jmac Enterprises LLC Raises Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Jmac Enterprises LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 14,075 shares of the e-commerce giant’s stock after purchasing an additional 205 shares during the quarter. Jmac Enterprises LLC’s holdings in Amazon.com were worth $2,139,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. PayPay Securities Corp boosted its holdings in Amazon.com by 54.3% in 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 period. E Fund Management Hong Kong Co. Ltd. raised its holdings in 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. Bruce G. Allen Investments LLC acquired a new position in Amazon.com during the 4th quarter worth $57,000. Authentikos Wealth Advisory LLC acquired a new position in Amazon.com during the 3rd quarter worth $49,000. Finally, AM Squared Ltd acquired a new position in Amazon.com during the 3rd quarter worth $76,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the subject of several recent analyst reports. Wells Fargo & Company raised their price objective on shares of Amazon.com from $211.00 to $217.00 and gave the stock an “overweight” rating in a report on Monday, April 1st. Mizuho raised their price target on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Susquehanna raised their price target on shares of Amazon.com from $185.00 to $220.00 and gave the stock a “positive” rating in a research report on Friday, February 2nd. Royal Bank of Canada raised their price target on shares of Amazon.com from $180.00 to $215.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Finally, Truist Financial raised their price target on shares of Amazon.com from $195.00 to $216.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. One 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 company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $205.13.

Amazon.com Trading Up 3.4 %

Shares of AMZN stock opened at $179.62 on Friday. Amazon.com, Inc. has a 1 year low of $101.15 and a 1 year high of $189.77. The firm’s fifty day simple moving average is $177.99 and its 200 day simple moving average is $158.79. The firm has a market capitalization of $1.87 trillion, a P/E ratio of 61.94, a price-to-earnings-growth ratio of 1.50 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.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, topping 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 business had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. During the same quarter in the previous year, the firm posted $0.21 earnings per share. Amazon.com’s revenue was up 13.9% compared to the same quarter last year. As a group, sell-side analysts predict that Amazon.com, Inc. will post 4.11 EPS for the current year.

Insider Buying and Selling

In related news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction 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 available at this hyperlink. In other Amazon.com news, 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 value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 116,560 shares in the company, valued at approximately $18,150,723.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,214,010 shares of company stock valued at $5,505,889,146. 10.30% of the stock is owned by company insiders.

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.