Sentry Investment Management LLC Grows Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Sentry Investment Management LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,860 shares of the e-commerce giant’s stock after buying an additional 120 shares during the period. Amazon.com makes up approximately 3.4% of Sentry Investment Management LLC’s portfolio, making the stock its 3rd biggest position. Sentry Investment Management LLC’s holdings in Amazon.com were worth $8,032,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Greenwood Capital Associates LLC lifted its holdings in shares of Amazon.com by 3.2% in the 3rd quarter. Greenwood Capital Associates LLC now owns 5,565 shares of the e-commerce giant’s stock worth $707,000 after purchasing an additional 173 shares in the last quarter. Aurora Private Wealth Inc. raised its holdings in Amazon.com by 7.2% during the third quarter. Aurora Private Wealth Inc. now owns 15,449 shares of the e-commerce giant’s stock worth $1,964,000 after buying an additional 1,039 shares during the last quarter. RDA Financial Network lifted its stake in shares of Amazon.com by 1.7% in the third quarter. RDA Financial Network now owns 32,125 shares of the e-commerce giant’s stock valued at $4,084,000 after buying an additional 526 shares in the last quarter. Yoder Wealth Management Inc. grew its holdings in shares of Amazon.com by 6.4% during the third quarter. Yoder Wealth Management Inc. now owns 7,014 shares of the e-commerce giant’s stock valued at $892,000 after buying an additional 423 shares during the last quarter. Finally, BlueSky Wealth Advisors LLC raised its holdings in shares of Amazon.com by 6.1% in the 3rd quarter. BlueSky Wealth Advisors LLC now owns 1,728 shares of the e-commerce giant’s stock worth $220,000 after acquiring an additional 100 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AMZN has been the subject of a number of analyst reports. Benchmark reiterated a “buy” rating and set a $200.00 price target on shares of Amazon.com in a research note on Wednesday. Robert W. Baird upped their price target on Amazon.com from $205.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday. Evercore ISI raised their price objective on Amazon.com from $220.00 to $225.00 and gave the company an “outperform” rating in a research note on Wednesday. Citigroup lifted their price objective on shares of Amazon.com from $235.00 to $245.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Raymond James increased their target price on shares of Amazon.com from $200.00 to $205.00 and gave the company a “strong-buy” rating in a report on Wednesday. One investment analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com currently has a consensus rating of “Buy” and a consensus price target of $211.07.

Amazon.com Price Performance

AMZN stock opened at $186.21 on Friday. The firm has a 50 day moving average of $179.02 and a 200-day moving average of $160.32. The firm has a market capitalization of $1.94 trillion, a P/E ratio of 52.16, a price-to-earnings-growth ratio of 1.37 and a beta of 1.15. Amazon.com, Inc. has a 12 month low of $103.31 and a 12 month high of $189.77. 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 announced its quarterly 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. The firm had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period last year, the firm earned $0.31 EPS. As a group, sell-side analysts predict that Amazon.com, Inc. will post 4.55 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $184.00, for a total value of $92,000.00. Following the sale, the chief executive officer now owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Jeffrey P. Bezos sold 2,009,208 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $166.79, for a total value of $335,115,802.32. Following the transaction, the insider now owns 938,251,817 shares of the company’s stock, valued at approximately $156,491,020,557.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $184.00, for a total transaction of $92,000.00. Following the sale, the chief executive officer now directly owns 131,600 shares of the company’s stock, valued at $24,214,400. 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 ninety days. 10.80% of the stock is owned by corporate insiders.

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.