Earned Wealth Advisors LLC Increases Stake in Amazon.com, Inc. $AMZN

Earned Wealth Advisors LLC grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 27.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 35,920 shares of the e-commerce giant’s stock after acquiring an additional 7,656 shares during the quarter. Amazon.com comprises approximately 0.9% of Earned Wealth Advisors LLC’s holdings, making the stock its 24th largest holding. Earned Wealth Advisors LLC’s holdings in Amazon.com were worth $8,291,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Lifelong Wealth Advisors Inc. boosted its position in shares of Amazon.com by 2.4% during the 4th quarter. Lifelong Wealth Advisors Inc. now owns 1,740 shares of the e-commerce giant’s stock valued at $402,000 after acquiring an additional 41 shares during the last quarter. IMPACTfolio LLC boosted its position in shares of Amazon.com by 3.8% during the 3rd quarter. IMPACTfolio LLC now owns 1,225 shares of the e-commerce giant’s stock valued at $269,000 after acquiring an additional 45 shares during the last quarter. Cadence Wealth Management LLC boosted its position in shares of Amazon.com by 3.5% during the 3rd quarter. Cadence Wealth Management LLC now owns 1,328 shares of the e-commerce giant’s stock valued at $292,000 after acquiring an additional 45 shares during the last quarter. Union Savings Bank boosted its position in shares of Amazon.com by 0.4% during the 2nd quarter. Union Savings Bank now owns 10,723 shares of the e-commerce giant’s stock valued at $2,510,000 after acquiring an additional 45 shares during the last quarter. Finally, Doheny Asset Management CA boosted its position in shares of Amazon.com by 0.3% during the 2nd quarter. Doheny Asset Management CA now owns 17,821 shares of the e-commerce giant’s stock valued at $3,910,000 after acquiring an additional 45 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Amazon.com

In other news, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $205.18, for a total transaction of $4,077,336.96. Following the completion of the sale, the chief executive officer directly owned 2,238,118 shares in the company, valued at approximately $459,217,051.24. This trade represents a 0.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Shelley Reynolds sold 2,695 shares of Amazon.com stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $205.90, for a total value of $554,900.50. Following the sale, the vice president owned 119,780 shares of the company’s stock, valued at approximately $24,662,702. This trade represents a 2.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 72,686 shares of company stock valued at $14,899,239. 10.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Oppenheimer set a $260.00 target price on Amazon.com and gave the company an “outperform” rating in a research report on Friday, February 6th. Raymond James Financial lowered their target price on Amazon.com from $260.00 to $225.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. Wedbush lowered their price target on Amazon.com from $340.00 to $300.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. Piper Sandler restated an “overweight” rating and issued a $260.00 price target (down from $300.00) on shares of Amazon.com in a research report on Friday, February 6th. Finally, Evercore restated an “outperform” rating on shares of Amazon.com in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, fifty-three have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $287.39.

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Key Stories Impacting Amazon.com

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Amazon.com Price Performance

NASDAQ:AMZN opened at $238.38 on Monday. Amazon.com, Inc. has a twelve month low of $165.29 and a twelve month high of $258.60. The company has a market cap of $2.56 trillion, a price-to-earnings ratio of 33.25, a price-to-earnings-growth ratio of 1.79 and a beta of 1.38. The stock has a fifty day simple moving average of $211.96 and a 200-day simple moving average of $224.18. The company has a current ratio of 1.05, a quick ratio of 0.88 and a debt-to-equity ratio of 0.16.

Amazon.com (NASDAQ:AMZNGet Free Report) last released its earnings results 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). Amazon.com had a return on equity of 21.87% and a net margin of 10.83%.The business had revenue of $213.39 billion for the quarter, compared to the consensus estimate of $211.02 billion. During the same quarter last year, the business posted $1.86 earnings per share. The firm’s revenue for the quarter was up 13.6% compared to the same quarter last year. Analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

About Amazon.com

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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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