Searcy Financial Services Inc. ADV bought a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 74,408 shares of the e-commerce giant’s stock, valued at approximately $6,250,000. Amazon.com makes up about 3.6% of Searcy Financial Services Inc. ADV’s portfolio, making the stock its 13th biggest position.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Dohj LLC boosted its position in Amazon.com by 1.8% during the 3rd quarter. Dohj LLC now owns 24,839 shares of the e-commerce giant’s stock valued at $2,807,000 after acquiring an additional 451 shares in the last quarter. Bassett Hargrove Investment Counsel LLC acquired a new stake in shares of Amazon.com in the 3rd quarter worth $2,120,000. Obermeyer Wood Investment Counsel Lllp boosted its position in shares of Amazon.com by 1.2% in the 3rd quarter. Obermeyer Wood Investment Counsel Lllp now owns 313,317 shares of the e-commerce giant’s stock worth $35,405,000 after purchasing an additional 3,840 shares in the last quarter. Asset Management One Co. Ltd. boosted its position in shares of Amazon.com by 0.8% in the 3rd quarter. Asset Management One Co. Ltd. now owns 4,185,666 shares of the e-commerce giant’s stock worth $472,980,000 after purchasing an additional 32,781 shares in the last quarter. Finally, West Coast Financial LLC acquired a new stake in shares of Amazon.com in the 3rd quarter worth $210,000. Institutional investors own 57.64% of the company’s stock.
Insider Buying and Selling at Amazon.com
In other Amazon.com news, CEO Adam Selipsky sold 5,100 shares of the business’s stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $111.43, for a total value of $568,293.00. Following the sale, the chief executive officer now owns 124,180 shares of the company’s stock, valued at $13,837,377.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 5,100 shares of the business’s stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $111.43, for a total value of $568,293.00. Following the sale, the chief executive officer now owns 124,180 shares of the company’s stock, valued at $13,837,377.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $93.80, for a total value of $375,200.00. Following the completion of the sale, the chief executive officer now directly owns 560,298 shares in the company, valued at approximately $52,555,952.40. The disclosure for this sale can be found here. Insiders have sold a total of 73,693 shares of company stock valued at $7,225,308 over the last quarter. 12.70% of the stock is owned by company insiders.
Amazon.com Trading Down 0.6 %
Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly earnings data on Thursday, February 2nd. The e-commerce giant reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). The business had revenue of $149.20 billion during the quarter, compared to analyst estimates of $145.72 billion. Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. The company’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.39 earnings per share. As a group, equities research analysts expect that Amazon.com, Inc. will post 1.33 EPS for the current year.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on AMZN shares. Wolfe Research raised their price objective on Amazon.com from $115.00 to $130.00 in a research report on Friday, February 3rd. Truist Financial lowered their price target on Amazon.com from $160.00 to $142.00 and set a “buy” rating for the company in a research report on Friday, February 3rd. Susquehanna lifted their price target on Amazon.com from $140.00 to $150.00 and gave the stock a “positive” rating in a research report on Friday, February 3rd. Credit Suisse Group lifted their price target on Amazon.com from $142.00 to $171.00 and gave the stock an “outperform” rating in a research report on Monday, January 30th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $140.00 price target on shares of Amazon.com in a research report on Thursday, March 16th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and forty-one have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $144.72.
About Amazon.com
Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.
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