G&S Capital LLC Acquires 4,098 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

G&S Capital LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 162.4% during the fourth quarter, HoldingsChannel reports. The firm owned 6,622 shares of the e-commerce giant’s stock after purchasing an additional 4,098 shares during the period. G&S Capital LLC’s holdings in Amazon.com were worth $1,006,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in AMZN. Vanguard Group Inc. grew its stake in Amazon.com by 4.4% in the 3rd quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock worth $96,350,832,000 after acquiring an additional 32,038,029 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Amazon.com by 16,029.3% in the fourth quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock valued at $36,260,810,000 after purchasing an additional 23,717,254 shares during the period. FMR LLC grew its stake in Amazon.com by 7.7% in the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock worth $38,403,135,000 after purchasing an additional 21,649,871 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of Amazon.com by 28.4% in the 3rd quarter. Jennison Associates LLC now owns 54,981,548 shares of the e-commerce giant’s stock worth $6,989,254,000 after buying an additional 12,176,114 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC purchased a new position in shares of Amazon.com during the third quarter valued at $610,138,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In related news, insider Jeffrey P. Bezos sold 5,998,849 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the transaction, the insider now directly owns 982,252,968 shares in the company, valued at $167,140,165,034.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Jeffrey P. Bezos sold 5,998,849 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the completion of the sale, the insider now directly owns 982,252,968 shares of the company’s stock, valued at approximately $167,140,165,034.88. The sale 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 business’s stock in a transaction dated 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 owns 116,560 shares in the company, valued at $18,150,723.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,214,010 shares of company stock worth $5,505,889,146. Insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

AMZN stock opened at $180.96 on Tuesday. Amazon.com, Inc. has a 1 year low of $101.15 and a 1 year high of $189.77. The firm has a market capitalization of $1.88 trillion, a PE ratio of 62.40, a price-to-earnings-growth ratio of 1.55 and a beta of 1.17. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84. The business has a 50 day simple moving average of $178.22 and a 200-day simple moving average of $159.32.

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, beating the consensus estimate of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The company had revenue of $169.96 billion during the quarter, compared to analysts’ expectations of $165.96 billion. During the same period in the prior year, the business earned $0.21 EPS. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. Equities research analysts anticipate that Amazon.com, Inc. will post 4.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on AMZN. BMO Capital Markets raised their target price on shares of Amazon.com from $205.00 to $215.00 and gave the company an “outperform” rating in a research report on Tuesday, April 23rd. Oppenheimer lifted their price objective on shares of Amazon.com from $200.00 to $210.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Bank of America upped their target price on Amazon.com from $185.00 to $204.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Truist Financial lifted their price target on Amazon.com from $195.00 to $216.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Finally, Evercore ISI upped their price objective on Amazon.com from $195.00 to $220.00 and gave the stock an “outperform” 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 issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $205.13.

Amazon.com Company 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.