Scholtz & Company LLC Raises Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Scholtz & Company LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 9.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 58,827 shares of the e-commerce giant’s stock after purchasing an additional 5,288 shares during the period. Amazon.com makes up approximately 6.2% of Scholtz & Company LLC’s holdings, making the stock its 3rd biggest position. Scholtz & Company LLC’s holdings in Amazon.com were worth $12,906,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the company. Vanguard Group Inc. grew its stake in Amazon.com by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock worth $180,637,081,000 after buying an additional 17,635,391 shares during the last quarter. State Street Corp grew its position in shares of Amazon.com by 3.3% during the 3rd quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock worth $66,926,008,000 after buying an additional 11,370,309 shares during the period. Geode Capital Management LLC boosted its position in shares of Amazon.com by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant’s stock worth $44,837,256,000 after purchasing an additional 5,015,380 shares during the last quarter. Norges Bank bought a new stake in shares of Amazon.com in the 4th quarter valued at about $27,266,582,000. Finally, Bank of New York Mellon Corp boosted its position in shares of Amazon.com by 0.8% during the fourth quarter. Bank of New York Mellon Corp now owns 67,092,427 shares of the e-commerce giant’s stock worth $14,719,407,000 after purchasing an additional 545,292 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Up 3.1 %

NASDAQ:AMZN opened at $190.20 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The firm’s 50 day simple moving average is $190.94 and its 200 day simple moving average is $207.76. The company has a market cap of $2.02 trillion, a PE ratio of 34.39, a P/E/G ratio of 1.50 and a beta of 1.39.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The company had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same period last year, the company earned $0.98 earnings per share. The firm’s revenue was up 8.6% compared to the same quarter last year. On average, research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on AMZN shares. Piper Sandler reaffirmed an “overweight” rating and issued a $265.00 price target (up previously from $225.00) on shares of Amazon.com in a research note on Friday, February 7th. DA Davidson lowered their price objective on shares of Amazon.com from $280.00 to $230.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. JPMorgan Chase & Co. reduced their price target on Amazon.com from $270.00 to $220.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Loop Capital raised their price target on Amazon.com from $275.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Finally, Telsey Advisory Group reduced their price target on Amazon.com from $275.00 to $235.00 and set an “outperform” rating for the company in a research note on Wednesday, April 23rd. Two analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $246.50.

Insider Buying and Selling

In other Amazon.com news, SVP David Zapolsky sold 19,212 shares of the business’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 sale, the senior vice president now directly owns 49,950 shares of the company’s stock, valued at approximately $10,864,125. The trade was a 27.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the sale, the chief executive officer now directly owns 509,474 shares of the company’s stock, valued at $95,776,017.26. The trade was a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 104,798 shares of company stock valued at $23,341,803 over the last 90 days. Company insiders own 10.80% of the company’s stock.

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.