Alliance Wealth Advisors LLC UT Acquires Shares of 43,158 Amazon.com, Inc. $AMZN

Alliance Wealth Advisors LLC UT bought a new position in shares of Amazon.com, Inc. (NASDAQ:AMZNFree Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 43,158 shares of the e-commerce giant’s stock, valued at approximately $9,476,000. Amazon.com accounts for about 2.2% of Alliance Wealth Advisors LLC UT’s holdings, making the stock its 5th largest holding.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Fairway Wealth LLC grew its stake in shares of Amazon.com by 113.2% in the 3rd quarter. Fairway Wealth LLC now owns 113 shares of the e-commerce giant’s stock valued at $25,000 after purchasing an additional 60 shares during the last quarter. Sellwood Investment Partners LLC purchased a new position in Amazon.com in the 3rd quarter valued at $27,000. Bridge Generations Wealth Management LLC increased its stake in Amazon.com by 2,330.0% in the 3rd quarter. Bridge Generations Wealth Management LLC now owns 243 shares of the e-commerce giant’s stock valued at $53,000 after buying an additional 233 shares during the period. Cooksen Wealth LLC raised its position in Amazon.com by 23.5% during the 2nd quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant’s stock worth $54,000 after buying an additional 47 shares during the last quarter. Finally, PayPay Securities Corp raised its position in Amazon.com by 62.3% during the 3rd quarter. PayPay Securities Corp now owns 250 shares of the e-commerce giant’s stock worth $55,000 after buying an additional 96 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

AMZN has been the topic of several analyst reports. Desjardins lifted their target price on shares of Amazon.com to $218.00 in a report on Monday, December 8th. Citigroup reduced their price objective on shares of Amazon.com from $320.00 to $265.00 and set a “buy” rating for the company in a research report on Monday, February 9th. Raymond James Financial decreased their price target on Amazon.com from $260.00 to $225.00 and set an “outperform” rating on the stock in a research note on Friday, February 6th. Wells Fargo & Company set a $304.00 price objective on Amazon.com and gave the stock an “overweight” rating in a report on Monday, February 23rd. Finally, Piper Sandler reissued an “overweight” rating and issued a $260.00 target price (down from $300.00) on shares of Amazon.com in a report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, fifty-three have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and a consensus price target of $287.29.

Get Our Latest Stock Analysis on AMZN

Amazon.com News Roundup

Here are the key news stories impacting Amazon.com this week:

Insider Activity

In other Amazon.com news, SVP David Zapolsky sold 10,649 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $205.43, for a total value of $2,187,624.07. Following the sale, the senior vice president directly owned 41,190 shares of the company’s stock, valued at approximately $8,461,661.70. This trade represents a 20.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $205.18, for a total value of $4,077,336.96. Following the completion of the sale, the chief executive officer owned 2,238,118 shares of the company’s stock, valued at $459,217,051.24. This trade represents a 0.88% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 71,686 shares of company stock valued at $14,688,739 in the last three months. Company insiders own 10.80% of the company’s stock.

Amazon.com Trading Up 0.1%

Shares of AMZN opened at $213.49 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.05 and a quick ratio of 0.88. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $258.60. The stock has a market cap of $2.29 trillion, a price-to-earnings ratio of 29.78, a price-to-earnings-growth ratio of 1.60 and a beta of 1.40. The firm has a 50 day simple moving average of $224.46 and a 200-day simple moving average of $227.16.

Amazon.com (NASDAQ:AMZNGet Free Report) last issued its quarterly earnings results on Thursday, February 5th. The e-commerce giant reported $1.95 EPS for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.02). The firm had revenue of $213.39 billion for the quarter, compared to analysts’ expectations of $211.02 billion. Amazon.com had a return on equity of 21.87% and a net margin of 10.83%.The business’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.86 earnings per share. Equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Amazon.com Company Profile

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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