Private Wealth Strategies L.L.C. Makes New $3.24 Million Investment in Amazon.com, Inc. (NASDAQ:AMZN)

Private Wealth Strategies L.L.C. acquired a new position in Amazon.com, Inc. (NASDAQ:AMZN) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 21,295 shares of the e-commerce giant’s stock, valued at approximately $3,236,000. Amazon.com accounts for 0.7% of Private Wealth Strategies L.L.C.’s holdings, making the stock its 18th largest holding.

Several other institutional investors and hedge funds have also bought and sold shares of AMZN. Norges Bank bought a new position in shares of Amazon.com during the fourth quarter valued at approximately $17,700,551,000. Vanguard Group Inc. increased its stake in shares of 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 valued at $96,350,832,000 after purchasing an additional 32,038,029 shares in the last quarter. 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 valued at $36,260,810,000 after purchasing an additional 23,717,254 shares in the last quarter. FMR LLC increased its position in shares of Amazon.com by 7.7% during the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after acquiring an additional 21,649,871 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new stake in shares of Amazon.com during the third quarter valued at approximately $610,138,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AMZN has been the subject of several analyst reports. Monness Crespi & Hardt raised their price target on shares of Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Roth Mkm reissued a “buy” rating and set a $210.00 price target (up previously from $205.00) on shares of Amazon.com in a research report on Wednesday, May 1st. Rosenblatt Securities reissued a “buy” rating and set a $220.00 price target on shares of Amazon.com in a research report on Wednesday, May 1st. Truist Financial raised their price target 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, Moffett Nathanson reaffirmed a “buy” rating and issued a $228.00 target price on shares of Amazon.com in a research report on Thursday, April 11th. One equities research analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Amazon.com currently has an average rating of “Buy” and an average price target of $213.82.

Check Out Our Latest Stock Analysis on Amazon.com

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $184.30 on Monday. The company has a market capitalization of $1.92 trillion, a price-to-earnings ratio of 51.62, a PEG ratio of 1.32 and a beta of 1.14. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $191.70. The firm’s 50-day moving average is $182.53 and its 200 day moving average is $168.99. 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:AMZNGet Free Report) last issued 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 company had revenue of $143.31 billion for 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 firm’s revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.31 EPS. Research analysts predict that Amazon.com, Inc. will post 4.72 EPS for the current year.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction of $90,000.00. Following the transaction, the chief executive officer now directly owns 132,600 shares in the company, valued at approximately $23,868,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Amazon.com 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 directly owns 132,600 shares of the company’s stock, valued at approximately $23,868,000. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $177.29, for a total transaction of $620,515.00. Following the completion of the sale, the chief executive officer now directly owns 523,253 shares of the company’s stock, valued at $92,767,524.37. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 65,838 shares of company stock worth $11,984,344. Insiders own 10.80% of the company’s stock.

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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