Stiles Financial Services Inc Raises Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Stiles Financial Services Inc lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 3.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,725 shares of the e-commerce giant’s stock after purchasing an additional 1,275 shares during the quarter. Amazon.com comprises approximately 2.7% of Stiles Financial Services Inc’s holdings, making the stock its 4th largest position. Stiles Financial Services Inc’s holdings in Amazon.com were worth $6,036,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. PayPay Securities Corp lifted its holdings in shares of Amazon.com by 54.3% during the 3rd 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 during the period. E Fund Management Hong Kong Co. Ltd. increased its stake in 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 worth $42,000 after buying an additional 86 shares in the last quarter. Authentikos Wealth Advisory LLC purchased a new stake in Amazon.com in the 3rd quarter worth $49,000. Bruce G. Allen Investments LLC purchased a new stake in Amazon.com in the 4th quarter worth $57,000. Finally, AM Squared Ltd purchased a new stake in Amazon.com in the 3rd quarter worth $76,000. 72.20% of the stock is owned by institutional investors.

Insider Transactions at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $181.38, for a total transaction of $90,690.00. Following the completion of the sale, the chief executive officer now owns 130,600 shares of the company’s stock, valued at $23,688,228. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $180.73, for a total transaction of $632,555.00. Following the completion of the sale, the chief executive officer now owns 512,858 shares of the company’s stock, valued at $92,688,826.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $181.38, for a total transaction of $90,690.00. Following the sale, the chief executive officer now directly owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. The disclosure for this sale can be found here. Insiders sold 32,214,010 shares of company stock valued at $5,505,889,146 over the last 90 days. Corporate insiders own 10.30% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on AMZN. TD Cowen increased their price objective on shares of Amazon.com from $200.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Raymond James increased their price objective on shares of Amazon.com from $185.00 to $200.00 and gave the company a “strong-buy” rating in a report on Friday, February 2nd. Maxim Group began coverage on shares of Amazon.com in a report on Wednesday, April 17th. They set a “buy” rating and a $218.00 price objective for the company. UBS Group increased their price objective on shares of Amazon.com from $198.00 to $215.00 and gave the company a “buy” rating in a report on Thursday. Finally, Wolfe Research increased their price objective on shares of Amazon.com from $195.00 to $205.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Amazon.com presently has an average rating of “Buy” and an average price target of $205.13.

Amazon.com Stock Up 3.4 %

AMZN opened at $179.62 on Friday. Amazon.com, Inc. has a fifty-two week low of $101.15 and a fifty-two week high of $189.77. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. The company has a fifty day moving average of $177.99 and a two-hundred day moving average of $158.79. The stock has a market capitalization of $1.87 trillion, a price-to-earnings ratio of 61.94, a PEG ratio of 1.50 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share 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 analysts’ expectations of $165.96 billion. During the same quarter in the previous year, the company earned $0.21 earnings per share. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. On average, research analysts expect that Amazon.com, Inc. will post 4.11 earnings per share for the current year.

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.