Amazon.com, Inc. (NASDAQ:AMZN) is Elite Wealth Management Inc.’s 3rd Largest Position

Elite Wealth Management Inc. increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 218,078 shares of the e-commerce giant’s stock after buying an additional 3,476 shares during the quarter. Amazon.com accounts for approximately 2.0% of Elite Wealth Management Inc.’s holdings, making the stock its 3rd biggest position. Elite Wealth Management Inc.’s holdings in Amazon.com were worth $33,135,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. PayPay Securities Corp increased its holdings in shares of Amazon.com by 54.3% in the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after purchasing an additional 94 shares during the period. E Fund Management Hong Kong Co. Ltd. increased its stake in Amazon.com by 45.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after buying an additional 86 shares during the period. Harbor Investment Advisory LLC lifted its position in Amazon.com by 0.7% in the 4th quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock worth $46,000 after buying an additional 1,988 shares in the last quarter. Authentikos Wealth Advisory LLC acquired a new stake in shares of Amazon.com during the 3rd quarter valued at $49,000. Finally, Bruce G. Allen Investments LLC purchased a new position in shares of Amazon.com during the 4th quarter valued at $57,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AMZN. Royal Bank of Canada increased their price objective on Amazon.com from $180.00 to $215.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Telsey Advisory Group lifted their price target on Amazon.com from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Truist Financial boosted their price target on Amazon.com from $216.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Rosenblatt Securities reaffirmed a “buy” rating and set a $220.00 price objective on shares of Amazon.com in a research report on Wednesday, May 1st. Finally, Robert W. Baird boosted their target price on shares of Amazon.com from $205.00 to $210.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Amazon.com presently has an average rating of “Buy” and an average price target of $211.62.

Amazon.com Trading Up 1.3 %

Shares of AMZN opened at $188.70 on Tuesday. The stock has a 50 day simple moving average of $179.29 and a 200-day simple moving average of $161.18. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. The stock has a market cap of $1.96 trillion, a PE ratio of 52.86, a PEG ratio of 1.35 and a beta of 1.15. Amazon.com, Inc. has a 1 year low of $104.70 and a 1 year high of $189.77.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $142.65 billion. During the same period in the prior year, the company posted $0.31 earnings per share. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. On average, sell-side analysts predict that Amazon.com, Inc. will post 4.67 EPS 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 company’s stock in a transaction dated 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 directly owns 982,252,968 shares of the company’s stock, valued at $167,140,165,034.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Jeffrey P. Bezos sold 5,998,849 shares of the business’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 of the company’s stock, valued at approximately $167,140,165,034.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 20,200 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $169.99, for a total value of $3,433,798.00. Following the sale, the chief executive officer now directly owns 514,131 shares of the company’s stock, valued at $87,397,128.69. The disclosure for this sale can be found here. Insiders sold 32,217,010 shares of company stock valued at $5,506,442,301 in the last ninety days. Insiders own 10.80% of the company’s stock.

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.