ACT Advisors LLC. Boosts Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

ACT Advisors LLC. grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 8.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,214 shares of the e-commerce giant’s stock after acquiring an additional 165 shares during the quarter. Amazon.com comprises about 0.2% of ACT Advisors LLC.’s portfolio, making the stock its 28th largest position. ACT Advisors LLC.’s holdings in Amazon.com were worth $336,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in AMZN. Lake Hills Wealth Management LLC boosted its position in shares of Amazon.com by 0.8% in the 4th quarter. Lake Hills Wealth Management LLC now owns 7,985 shares of the e-commerce giant’s stock worth $1,213,000 after purchasing an additional 65 shares in the last quarter. Veery Capital LLC boosted its holdings in Amazon.com by 1.1% in the fourth quarter. Veery Capital LLC now owns 5,890 shares of the e-commerce giant’s stock worth $895,000 after acquiring an additional 66 shares in the last quarter. Bellwether Advisors LLC boosted its holdings in Amazon.com by 2.3% in the fourth quarter. Bellwether Advisors LLC now owns 2,936 shares of the e-commerce giant’s stock worth $446,000 after acquiring an additional 66 shares in the last quarter. StrategIQ Financial Group LLC increased its holdings in shares of Amazon.com by 0.3% during the fourth quarter. StrategIQ Financial Group LLC now owns 23,259 shares of the e-commerce giant’s stock valued at $3,534,000 after acquiring an additional 66 shares in the last quarter. Finally, Marion Wealth Management raised its position in shares of Amazon.com by 1.6% in the 4th quarter. Marion Wealth Management now owns 4,321 shares of the e-commerce giant’s stock valued at $657,000 after purchasing an additional 67 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction of $90,000.00. Following the completion of the transaction, the chief executive officer now owns 132,600 shares of the company’s stock, valued at approximately $23,868,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total transaction of $90,000.00. Following the completion of the transaction, the chief executive officer now directly owns 132,600 shares in the company, valued at $23,868,000. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of the business’s stock in a transaction 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 sale, the insider now owns 982,252,968 shares in the company, valued at approximately $167,140,165,034.88. The disclosure for this sale can be found here. Insiders sold a total of 32,217,010 shares of company stock worth $5,506,442,301 over the last three months. Insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the topic of several research analyst reports. Telsey Advisory Group boosted their target price on shares of Amazon.com from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Wednesday. Needham & Company LLC reissued a “buy” rating and set a $205.00 price objective on shares of Amazon.com in a report on Wednesday. Roth Mkm restated a “buy” rating and issued a $210.00 target price (up previously from $205.00) on shares of Amazon.com in a research note on Wednesday. Royal Bank of Canada boosted their price target on Amazon.com from $180.00 to $215.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Finally, JMP Securities restated a “market outperform” rating and issued a $225.00 price objective on shares of Amazon.com in a research note on Wednesday. One research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $211.07.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $186.21 on Friday. The company’s 50-day moving average is $179.02 and its two-hundred day moving average is $160.32. The firm has a market capitalization of $1.94 trillion, a price-to-earnings ratio of 52.16, a PEG ratio of 1.37 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.84. Amazon.com, Inc. has a 1-year low of $103.31 and a 1-year high of $189.77.

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 analysts’ consensus estimates of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.31 earnings per share. Analysts forecast that Amazon.com, Inc. will post 4.55 EPS for the current year.

Amazon.com 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.