Amazon.com, Inc. $AMZN Stake Increased by Embree Financial Group

Embree Financial Group increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 17.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,357 shares of the e-commerce giant’s stock after buying an additional 6,314 shares during the period. Amazon.com comprises about 1.2% of Embree Financial Group’s investment portfolio, making the stock its 20th largest position. Embree Financial Group’s holdings in Amazon.com were worth $9,777,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Donaldson Capital Management LLC increased its stake in Amazon.com by 2.6% during the fourth quarter. Donaldson Capital Management LLC now owns 81,070 shares of the e-commerce giant’s stock valued at $18,712,000 after purchasing an additional 2,038 shares during the last quarter. Alliance Wealth Advisors LLC increased its stake in Amazon.com by 4.1% during the fourth quarter. Alliance Wealth Advisors LLC now owns 8,269 shares of the e-commerce giant’s stock valued at $1,909,000 after purchasing an additional 323 shares during the last quarter. Northwest Wealth Management LLC increased its stake in Amazon.com by 0.4% during the fourth quarter. Northwest Wealth Management LLC now owns 20,869 shares of the e-commerce giant’s stock valued at $4,817,000 after purchasing an additional 83 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in Amazon.com by 6.0% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 94,605 shares of the e-commerce giant’s stock valued at $21,837,000 after purchasing an additional 5,387 shares during the last quarter. Finally, Praetorian Wealth Management Inc. increased its stake in Amazon.com by 32.1% during the fourth quarter. Praetorian Wealth Management Inc. now owns 4,478 shares of the e-commerce giant’s stock valued at $1,034,000 after purchasing an additional 1,087 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 1,000 shares of the company’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $210.50, for a total value of $210,500.00. Following the completion of the sale, the chief executive officer directly owned 520,361 shares of the company’s stock, valued at approximately $109,535,990.50. This represents a 0.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 10,649 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $205.43, for a total transaction of $2,187,624.07. Following the completion of the sale, the senior vice president directly owned 41,190 shares of the company’s stock, valued at $8,461,661.70. The trade was a 20.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 72,686 shares of company stock worth $14,899,239 in the last ninety days. Insiders own 9.70% of the company’s stock.

Amazon.com Stock Performance

AMZN stock opened at $212.79 on Tuesday. The company has a market capitalization of $2.28 trillion, a P/E ratio of 29.68, a PEG ratio of 1.57 and a beta of 1.38. The company has a 50-day simple moving average of $213.19 and a 200 day simple moving average of $224.13. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $258.60. The company has a quick ratio of 0.88, a current ratio of 1.05 and a debt-to-equity ratio of 0.16.

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

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Rothschild & Co Redburn set a $230.00 target price on shares of Amazon.com in a research note on Wednesday, January 21st. Sanford C. Bernstein reiterated an “outperform” rating on shares of Amazon.com in a research note on Friday, February 6th. DZ Bank upgraded shares of Amazon.com to a “strong-buy” rating in a research note on Friday, February 6th. Maxim Group boosted their target price on shares of Amazon.com from $280.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Finally, New Street Research lowered their target price on shares of Amazon.com from $285.00 to $280.00 and set a “buy” rating for the company in a research note on Monday, March 30th. One research analyst has rated the stock with a Strong Buy rating, fifty-three have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $286.59.

View Our Latest Stock Report on Amazon.com

Key Amazon.com News

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Amazon.com 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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