AAFMAA Wealth Management & Trust LLC Has $4.70 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

AAFMAA Wealth Management & Trust LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 32.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,916 shares of the e-commerce giant’s stock after acquiring an additional 7,525 shares during the quarter. Amazon.com comprises approximately 2.7% of AAFMAA Wealth Management & Trust LLC’s investment portfolio, making the stock its 11th biggest holding. AAFMAA Wealth Management & Trust LLC’s holdings in Amazon.com were worth $4,697,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of 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 purchasing an additional 86 shares during the last quarter. Strid Group LLC bought a new position in shares of Amazon.com in the 4th quarter valued at about $43,000. Harbor Investment Advisory LLC boosted its stake in shares of 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 valued at $46,000 after purchasing an additional 1,988 shares during the last quarter. Authentikos Wealth Advisory LLC bought a new position in shares of Amazon.com in the 3rd quarter valued at about $49,000. Finally, Bruce G. Allen Investments LLC bought a new position in shares of Amazon.com in the 4th quarter valued at about $57,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity

In other news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $180.00, for a total value of $90,000.00. Following the completion of the sale, the chief executive officer now owns 132,600 shares of the company’s stock, valued at $23,868,000. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, VP Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total transaction of $489,753.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $180.00, for a total transaction of $90,000.00. Following the sale, the chief executive officer now directly owns 132,600 shares of the company’s stock, valued at approximately $23,868,000. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 65,838 shares of company stock valued at $11,984,344. 10.80% of the stock is owned by company insiders.

Amazon.com Price Performance

NASDAQ:AMZN opened at $184.30 on Friday. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $191.70. The company has a market cap of $1.92 trillion, a P/E ratio of 51.62, a P/E/G ratio of 1.32 and a beta of 1.14. The firm’s fifty day moving average price is $182.53 and its two-hundred day moving average price is $168.83. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZNGet Free Report) last announced its 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. The company had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. Amazon.com’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.31 earnings per share. Equities analysts expect that Amazon.com, Inc. will post 4.72 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. BMO Capital Markets raised their target price on shares of Amazon.com from $215.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Benchmark reissued a “buy” rating and set a $200.00 price objective on shares of Amazon.com in a research note on Wednesday, May 1st. Rosenblatt Securities reissued a “buy” rating and set a $220.00 price objective on shares of Amazon.com in a research note on Wednesday, May 1st. Tigress Financial lifted their price objective on shares of Amazon.com from $210.00 to $245.00 and gave the stock a “buy” rating in a research note on Thursday, May 30th. Finally, Maxim Group reduced their price objective on shares of Amazon.com from $318.00 to $238.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $213.82.

Check Out Our Latest Report on AMZN

About Amazon.com

(Free Report)

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.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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