Ballast Advisors LLC Boosts Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Ballast Advisors LLC increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 20,510 shares of the e-commerce giant’s stock after acquiring an additional 1,248 shares during the period. Amazon.com accounts for about 1.2% of Ballast Advisors LLC’s holdings, making the stock its 16th biggest holding. Ballast Advisors LLC’s holdings in Amazon.com were worth $3,116,000 as of its most recent SEC filing.

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

Amazon.com Trading Up 0.8 %

Shares of NASDAQ:AMZN opened at $186.21 on Friday. Amazon.com, Inc. has a 52 week low of $103.31 and a 52 week high of $189.77. The company’s 50 day moving average is $178.79 and its two-hundred day moving average is $159.95. The company has a market cap of $1.93 trillion, a PE ratio of 52.16, a P/E/G ratio of 1.55 and a beta of 1.15. The company has a current ratio of 1.07, a quick ratio of 0.84 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating the consensus estimate of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The firm had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. During the same quarter in the prior year, the company posted $0.31 earnings per share. Amazon.com’s revenue for the quarter was up 12.5% compared to the same quarter last year. Equities analysts predict that Amazon.com, Inc. will post 4.12 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In other Amazon.com news, 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 transaction of $1,020,764,145.84. Following the sale, the insider now owns 982,252,968 shares of the company’s stock, valued at $167,140,165,034.88. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $180.29, for a total transaction of $631,015.00. Following the transaction, the chief executive officer now owns 509,358 shares of the company’s stock, valued at $91,832,153.82. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were 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 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. Insiders sold 32,217,010 shares of company stock valued at $5,506,442,301 over the last three months. 10.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on AMZN shares. Evercore ISI boosted their price target on shares of Amazon.com from $220.00 to $225.00 and gave the stock an “outperform” rating in a research report on Wednesday. JMP Securities restated a “market outperform” rating and issued a $225.00 price target on shares of Amazon.com in a research report on Wednesday. Oppenheimer lifted their price objective on Amazon.com from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday. Truist Financial boosted their price objective on Amazon.com from $216.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Stifel Nicolaus raised their target price on Amazon.com from $224.00 to $228.00 and gave the stock a “buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $211.07.

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.