Ridgewood Investments LLC Boosts Position in Amazon.com, Inc. (NASDAQ:AMZN)

Posted by on Apr 2nd, 2023

Ridgewood Investments LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 5.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,164 shares of the e-commerce giant’s stock after purchasing an additional 442 shares during the period. Ridgewood Investments LLC’s holdings in Amazon.com were worth $686,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of AMZN. McElhenny Sheffield Capital Management LLC bought a new position in shares of Amazon.com in the fourth quarter worth approximately $27,000. Wells Financial Advisors INC increased its position in shares of Amazon.com by 1,900.0% in the second quarter. Wells Financial Advisors INC now owns 280 shares of the e-commerce giant’s stock worth $30,000 after purchasing an additional 266 shares during the last quarter. Knott David M Jr bought a new position in shares of Amazon.com in the second quarter worth approximately $32,000. Retirement Financial Solutions LLC bought a new position in shares of Amazon.com in the fourth quarter worth approximately $32,000. Finally, Laurel Wealth Planning LLC increased its position in shares of Amazon.com by 1,900.0% in the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 304 shares during the last quarter. 57.64% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Adam Selipsky sold 5,100 shares of the firm’s stock in a transaction on Thursday, February 2nd. The stock was sold at an average price of $111.43, for a total transaction of $568,293.00. Following the completion of the transaction, the chief executive officer now directly owns 124,180 shares in the company, valued at $13,837,377.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, VP Shelley Reynolds sold 3,500 shares of the firm’s stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total transaction of $332,185.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at $11,368,319.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Adam Selipsky sold 5,100 shares of the firm’s stock in a transaction on Thursday, February 2nd. The shares were sold at an average price of $111.43, for a total value of $568,293.00. Following the transaction, the chief executive officer now owns 124,180 shares of the company’s stock, valued at $13,837,377.40. The disclosure for this sale can be found here. Insiders sold 73,693 shares of company stock worth $7,225,308 over the last three months. 12.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on AMZN. Barclays increased their price target on shares of Amazon.com from $130.00 to $150.00 in a research report on Friday, February 3rd. Wolfe Research increased their price target on shares of Amazon.com from $115.00 to $130.00 in a research report on Friday, February 3rd. UBS Group increased their price target on shares of Amazon.com from $118.00 to $127.00 in a research report on Friday, February 3rd. JPMorgan Chase & Co. reduced their price target on shares of Amazon.com from $142.00 to $135.00 and set an “overweight” rating on the stock in a research report on Thursday, March 16th. Finally, JMP Securities reissued a “market outperform” rating and set a $140.00 price objective on shares of Amazon.com in a research note on Thursday, March 16th. Three research analysts have rated the stock with a hold rating and forty-one have given a buy rating to the stock. According to data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and an average price target of $144.93.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $103.29 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.72 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $1.06 trillion, a P/E ratio of -385.40, a P/E/G ratio of 4.15 and a beta of 1.25. The business has a fifty day simple moving average of $97.98 and a two-hundred day simple moving average of $99.46. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $170.83.

Amazon.com (NASDAQ:AMZN – Get Rating) last announced its quarterly earnings data on Thursday, February 2nd. The e-commerce giant reported $0.03 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.12). Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. The firm had revenue of $149.20 billion for the quarter, compared to analysts’ expectations of $145.72 billion. During the same period in the prior year, the business posted $1.39 EPS. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, equities analysts forecast that Amazon.com, Inc. will post 1.33 earnings per share for the current fiscal year.

About Amazon.com

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

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