Phoenix Wealth Advisors Boosts Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Phoenix Wealth Advisors lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 3.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,439 shares of the e-commerce giant’s stock after purchasing an additional 115 shares during the period. Phoenix Wealth Advisors’ holdings in Amazon.com were worth $516,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Amazon.com by 4.4% during the third quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock worth $96,350,832,000 after acquiring an additional 32,038,029 shares during the period. International Assets Investment Management LLC increased its stake in shares of Amazon.com by 16,029.3% during the fourth quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock worth $36,260,810,000 after purchasing an additional 23,717,254 shares in the last quarter. FMR LLC raised its position in shares of Amazon.com by 7.7% during the 3rd quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock worth $38,403,135,000 after purchasing an additional 21,649,871 shares during the last quarter. Jennison Associates LLC lifted its stake in Amazon.com by 28.4% in the 3rd quarter. Jennison Associates LLC now owns 54,981,548 shares of the e-commerce giant’s stock valued at $6,989,254,000 after buying an additional 12,176,114 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new stake in Amazon.com in the 3rd quarter worth about $610,138,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Ratings Changes

AMZN has been the subject of a number of research analyst reports. Rosenblatt Securities reissued a “buy” rating and set a $220.00 target price on shares of Amazon.com in a report on Wednesday, May 1st. Bank of America increased their price objective on Amazon.com from $185.00 to $204.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Loop Capital lifted their target price on shares of Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday. Truist Financial increased their target price on shares of Amazon.com from $216.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Finally, The Goldman Sachs Group raised their price target on shares of Amazon.com from $220.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. 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’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $211.62.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 20,200 shares of the stock in a transaction that occurred 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 approximately $87,397,128.69. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Douglas J. Herrington sold 20,200 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $169.99, for a total transaction of $3,433,798.00. Following the completion of the transaction, the chief executive officer now owns 514,131 shares in the company, valued at $87,397,128.69. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 14,300 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $175.00, for a total value of $2,502,500.00. Following the completion of the transaction, the chief executive officer now directly owns 499,831 shares in the company, valued at approximately $87,470,425. The disclosure for this sale can be found here. Insiders have sold a total of 32,217,010 shares of company stock valued at $5,506,442,301 over the last 90 days. 10.80% of the stock is owned by corporate insiders.

Amazon.com Stock Up 1.3 %

Shares of NASDAQ AMZN opened at $188.70 on Tuesday. The stock has a market cap of $1.96 trillion, a P/E ratio of 52.86, a PEG ratio of 1.35 and a beta of 1.15. The business’s fifty day simple moving average is $179.29 and its 200-day simple moving average is $161.18. Amazon.com, Inc. has a 12-month low of $104.70 and a 12-month high of $189.77. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. During the same quarter last year, the company earned $0.31 EPS. Amazon.com’s revenue for the quarter was up 12.5% compared to the same quarter last year. As a group, equities analysts predict that Amazon.com, Inc. will post 4.67 EPS for the current fiscal year.

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.