Floyd Financial Group LLC bought a new stake in Amazon.com, Inc. (NASDAQ:AMZN) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 20,527 shares of the e-commerce giant’s stock, valued at approximately $4,494,000. Amazon.com comprises 3.7% of Floyd Financial Group LLC’s portfolio, making the stock its 8th largest position.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Icon Wealth Advisors LLC boosted its position in shares of Amazon.com by 20.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after purchasing an additional 25,581 shares in the last quarter. PayPay Securities Corp lifted its stake in Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after buying an additional 64 shares during the period. Hoese & Co LLP bought a new position in shares of Amazon.com during the 3rd quarter worth approximately $37,000. Bull Oak Capital LLC acquired a new stake in shares of Amazon.com during the 3rd quarter worth approximately $45,000. Finally, Values First Advisors Inc. bought a new stake in shares of Amazon.com in the 3rd quarter valued at $56,000. Institutional investors and hedge funds own 72.20% of the company’s stock.
Analyst Ratings Changes
Several research analysts recently issued reports on AMZN shares. Redburn Atlantic increased their target price on shares of Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Royal Bank of Canada raised their target price on Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Wells Fargo & Company upped their price target on Amazon.com from $197.00 to $212.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 14th. Monness Crespi & Hardt increased their price target on Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $270.00 price objective on shares of Amazon.com in a report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and a consensus target price of $249.02.
Amazon.com Stock Down 0.2 %
AMZN opened at $234.85 on Monday. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $236.40. The company has a market cap of $2.47 trillion, a PE ratio of 50.29, a price-to-earnings-growth ratio of 1.31 and a beta of 1.14. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The company has a 50 day moving average of $220.27 and a 200 day moving average of $197.45.
Amazon.com (NASDAQ:AMZN – Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The firm had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the company earned $0.85 earnings per share. On average, sell-side analysts expect that Amazon.com, Inc. will post 5.39 EPS for the current year.
Insiders Place Their Bets
In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the transaction, the director now owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. This represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jonathan Rubinstein sold 5,004 shares of Amazon.com stock in a transaction on Friday, November 1st. The shares were sold at an average price of $199.85, for a total value of $1,000,049.40. Following the sale, the director now directly owns 99,396 shares of the company’s stock, valued at $19,864,290.60. This represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,032,344 shares of company stock worth $1,253,456,822 in the last quarter. 10.80% of the stock is owned by company insiders.
Amazon.com 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.
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