Flynn Zito Capital Management LLC Raises Position in Amazon.com, Inc. (NASDAQ:AMZN)

Flynn Zito Capital Management LLC raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,172 shares of the e-commerce giant’s stock after buying an additional 338 shares during the period. Amazon.com comprises approximately 0.7% of Flynn Zito Capital Management LLC’s portfolio, making the stock its 17th largest position. Flynn Zito Capital Management LLC’s holdings in Amazon.com were worth $1,090,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

AMZN has been the topic of several recent analyst reports. Bank of America increased their target price on Amazon.com from $185.00 to $204.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Roth Mkm reaffirmed a “buy” rating and set a $210.00 price objective (up from $205.00) on shares of Amazon.com in a research report on Wednesday, May 1st. Truist Financial boosted their target price on Amazon.com from $216.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Barclays lifted their price target on shares of Amazon.com from $220.00 to $230.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. Finally, Canaccord Genuity Group increased their price objective on shares of Amazon.com from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $211.62.

Insiders Place Their Bets

In other news, insider Jeffrey P. Bezos sold 5,998,849 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $173.33, for a total transaction of $1,039,780,497.17. Following the completion of the transaction, the insider now directly owns 970,255,270 shares in the company, valued at approximately $168,174,345,949.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Keith Brian Alexander sold 1,000 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $186.22, for a total transaction of $186,220.00. Following the sale, the director now directly owns 4,760 shares in the company, valued at approximately $886,407.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of Amazon.com stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $173.33, for a total value of $1,039,780,497.17. Following the completion of the transaction, the insider now owns 970,255,270 shares of the company’s stock, valued at approximately $168,174,345,949.10. The disclosure for this sale can be found here. Insiders have sold a total of 26,198,961 shares of company stock valued at $4,482,430,577 in the last quarter. 10.80% of the stock is currently owned by insiders.

Amazon.com Stock Performance

AMZN opened at $188.00 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. The stock has a market capitalization of $1.96 trillion, a price-to-earnings ratio of 52.66, a PEG ratio of 1.35 and a beta of 1.15. The company has a fifty day moving average of $179.60 and a 200 day moving average of $161.63. Amazon.com, Inc. has a fifty-two week low of $105.16 and a fifty-two week high of $189.94.

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

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.