Morling Financial Advisors LLC Grows Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Morling Financial Advisors LLC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,676 shares of the e-commerce giant’s stock after buying an additional 104 shares during the quarter. Amazon.com comprises 0.7% of Morling Financial Advisors LLC’s portfolio, making the stock its 20th largest position. Morling Financial Advisors LLC’s holdings in Amazon.com were worth $1,903,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in AMZN. Citizens Financial Group Inc. RI grew its holdings in shares of Amazon.com by 6.8% during the fourth quarter. Citizens Financial Group Inc. RI now owns 455,778 shares of the e-commerce giant’s stock valued at $99,993,000 after purchasing an additional 28,848 shares during the last quarter. JW Asset Management LLC bought a new stake in shares of Amazon.com during the 4th quarter worth about $3,181,000. Sage Mountain Advisors LLC lifted its position in Amazon.com by 11.9% in the fourth quarter. Sage Mountain Advisors LLC now owns 59,312 shares of the e-commerce giant’s stock worth $13,013,000 after purchasing an additional 6,288 shares during the period. S&CO Inc. grew its holdings in Amazon.com by 2.8% during the fourth quarter. S&CO Inc. now owns 153,487 shares of the e-commerce giant’s stock worth $33,673,000 after acquiring an additional 4,249 shares during the period. Finally, Riverbend Wealth Management LLC acquired a new stake in Amazon.com during the fourth quarter valued at approximately $2,539,000. 72.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, SVP David Zapolsky sold 19,212 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the completion of the transaction, the senior vice president now directly owns 49,950 shares in the company, valued at $10,864,125. This represents a 27.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the transaction, the chief executive officer now directly owns 509,474 shares in the company, valued at $95,776,017.26. This trade represents a 0.49 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 104,798 shares of company stock valued at $23,341,803. 10.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on AMZN shares. Canaccord Genuity Group reissued a “buy” rating on shares of Amazon.com in a research note on Thursday, February 13th. Wells Fargo & Company reduced their price target on Amazon.com from $207.00 to $203.00 and set an “equal weight” rating for the company in a report on Tuesday, February 25th. Piper Sandler restated an “overweight” rating and set a $265.00 target price (up from $225.00) on shares of Amazon.com in a report on Friday, February 7th. Loop Capital raised their target price on shares of Amazon.com from $275.00 to $285.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Finally, Wolfe Research raised their price objective on shares of Amazon.com from $250.00 to $270.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Two analysts have rated the stock with a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $258.19.

Amazon.com Stock Performance

Amazon.com stock opened at $184.87 on Friday. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The company’s 50-day moving average is $204.23 and its two-hundred day moving average is $208.42. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The company has a market cap of $1.96 trillion, a PE ratio of 33.43, a PEG ratio of 1.50 and a beta of 1.39.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Equities analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current 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.