Freedom Day Solutions LLC Grows Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Freedom Day Solutions LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,829 shares of the e-commerce giant’s stock after purchasing an additional 685 shares during the period. Amazon.com comprises 1.6% of Freedom Day Solutions LLC’s investment portfolio, making the stock its 7th largest holding. Freedom Day Solutions LLC’s holdings in Amazon.com were worth $4,076,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in AMZN. PayPay Securities Corp lifted 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 worth $34,000 after acquiring an additional 94 shares during the period. E Fund Management Hong Kong Co. Ltd. raised its position in shares of Amazon.com by 45.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after purchasing an additional 86 shares during the period. Harbor Investment Advisory LLC raised its position in shares of Amazon.com by 0.7% during the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock worth $46,000 after purchasing an additional 1,988 shares during the period. Authentikos Wealth Advisory LLC acquired a new position in shares of Amazon.com during the third quarter worth approximately $49,000. Finally, Bruce G. Allen Investments LLC acquired a new position in shares of Amazon.com during the fourth quarter worth approximately $57,000. 72.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AMZN has been the topic of a number of research reports. Moffett Nathanson reaffirmed a “buy” rating and set a $228.00 target price on shares of Amazon.com in a research report on Thursday, April 11th. Sanford C. Bernstein upped their price target on Amazon.com from $175.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Roth Mkm reiterated a “buy” rating and set a $210.00 price target (up previously from $205.00) on shares of Amazon.com in a report on Wednesday. Morgan Stanley upped their price target on Amazon.com from $215.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Susquehanna upped their price target on Amazon.com from $185.00 to $220.00 and gave the stock a “positive” rating in a report on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $211.07.

Amazon.com Price Performance

AMZN opened at $184.72 on Friday. The stock’s 50 day simple moving average is $178.79 and its 200 day simple moving average is $159.95. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84. Amazon.com, Inc. has a 1 year low of $103.28 and a 1 year high of $189.77. The firm has a market cap of $1.92 trillion, a price-to-earnings ratio of 51.74, a PEG ratio of 1.53 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. The firm had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a return on equity of 20.73% and a net margin of 6.38%. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period last year, the company earned $0.31 EPS. As a group, analysts predict that Amazon.com, Inc. will post 4.08 earnings per share for the current year.

Insider Transactions at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total value of $90,000.00. Following the sale, the chief executive officer now directly owns 132,600 shares in the company, valued at approximately $23,868,000. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total value of $90,000.00. Following the completion of the transaction, the chief executive officer now owns 132,600 shares in the company, valued at approximately $23,868,000. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the completion of the transaction, the insider now owns 982,252,968 shares of the company’s stock, valued at approximately $167,140,165,034.88. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,213,510 shares of company stock worth $5,505,811,286. 10.80% of the stock is currently owned by insiders.

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.