Amazon.com, Inc. (NASDAQ:AMZN) Position Boosted by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 9.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,787,751 shares of the e-commerce giant’s stock after acquiring an additional 400,059 shares during the period. Amazon.com accounts for approximately 2.0% of Thrivent Financial for Lutherans’ holdings, making the stock its 4th biggest holding. Thrivent Financial for Lutherans’ holdings in Amazon.com were worth $1,048,687,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in AMZN. Rench Wealth Management Inc. raised its holdings in Amazon.com by 7.9% in the third quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant’s stock worth $9,392,000 after purchasing an additional 3,703 shares in the last quarter. Blankinship & Foster LLC grew its position in shares of Amazon.com by 216.4% in the 3rd quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant’s stock worth $1,291,000 after buying an additional 4,740 shares during the period. One Wealth Capital Management LLC bought a new position in shares of Amazon.com in the 4th quarter worth about $4,270,000. Floyd Financial Group LLC purchased a new position in Amazon.com during the 4th quarter valued at about $4,494,000. Finally, Patton Albertson Miller Group LLC boosted its stake in Amazon.com by 2.7% during the fourth quarter. Patton Albertson Miller Group LLC now owns 18,790 shares of the e-commerce giant’s stock worth $4,122,000 after acquiring an additional 495 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AMZN has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Amazon.com from $287.00 to $206.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Canaccord Genuity Group reaffirmed a “buy” rating on shares of Amazon.com in a research report on Thursday, February 13th. Piper Sandler reissued an “overweight” rating and issued a $265.00 target price (up from $225.00) on shares of Amazon.com in a report on Friday, February 7th. Raymond James raised their price target on Amazon.com from $260.00 to $275.00 in a report on Monday, February 10th. Finally, Royal Bank of Canada upped their price target on shares of Amazon.com from $255.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $252.73.

Amazon.com Stock Down 1.0 %

AMZN opened at $172.51 on Friday. The stock has a market cap of $1.83 trillion, a price-to-earnings ratio of 31.19, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The firm’s fifty day moving average is $198.44 and its 200 day moving average is $208.04. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS 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%. On average, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 19,212 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was 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 owns 49,950 shares in the company, valued at $10,864,125. This trade represents a 27.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the company’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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 104,798 shares of company stock valued at $23,341,803 in the last three months. 10.80% of the stock is currently owned by corporate 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.