Advisory Resource Group boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,784 shares of the e-commerce giant’s stock after buying an additional 265 shares during the period. Advisory Resource Group’s holdings in Amazon.com were worth $654,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Fiduciary Planning LLC increased its holdings in shares of Amazon.com by 1.5% in the 1st quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock valued at $1,138,000 after acquiring an additional 5 shares during the last quarter. HBC Financial Services PLLC increased its holdings in shares of Amazon.com by 0.8% in the 1st quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock valued at $1,717,000 after acquiring an additional 5 shares during the last quarter. Meridian Investment Counsel Inc. increased its holdings in shares of Amazon.com by 3.4% in the 1st quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock valued at $492,000 after acquiring an additional 5 shares during the last quarter. Alterna Wealth Management Inc. increased its holdings in shares of Amazon.com by 1.8% in the 1st quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock valued at $942,000 after acquiring an additional 5 shares during the last quarter. Finally, Archetype Wealth Partners increased its holdings in shares of Amazon.com by 3.7% in the 1st quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock valued at $552,000 after acquiring an additional 6 shares during the last quarter. Institutional investors and hedge funds own 57.64% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts have recently commented on the company. Telsey Advisory Group reiterated an “outperform” rating and issued a $125.00 price objective on shares of Amazon.com in a report on Thursday. Oppenheimer dropped their price target on Amazon.com from $135.00 to $125.00 and set an “outperform” rating on the stock in a research note on Thursday, April 6th. Susquehanna raised their price target on Amazon.com from $140.00 to $150.00 and gave the stock a “positive” rating in a research note on Friday, February 3rd. The Goldman Sachs Group dropped their price target on Amazon.com from $165.00 to $145.00 and set a “buy” rating on the stock in a research note on Friday, January 13th. Finally, Truist Financial raised their price target on Amazon.com from $142.00 to $144.00 in a research note on Wednesday, April 12th. Three analysts have rated the stock with a hold rating and forty-one have assigned a buy rating to the company’s stock. According to MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and an average price target of $144.53.
Amazon.com Stock Performance
Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.12). The company had revenue of $149.20 billion for the quarter, compared to analysts’ expectations of $145.72 billion. Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.39 EPS. Sell-side analysts expect that Amazon.com, Inc. will post 1.35 EPS for the current fiscal year.
Insiders Place Their Bets
In other Amazon.com news, CEO Adam Selipsky sold 520 shares of the firm’s stock in a transaction on Wednesday, April 19th. The stock was sold at an average price of $103.77, for a total transaction of $53,960.40. Following the completion of the transaction, the chief executive officer now owns 136,780 shares of the company’s stock, valued at $14,193,660.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Amazon.com news, CEO Andrew R. Jassy sold 23,874 shares of the firm’s stock in a transaction on Wednesday, February 15th. The stock was sold at an average price of $99.15, for a total transaction of $2,367,107.10. Following the completion of the transaction, the chief executive officer now owns 1,964,506 shares of the company’s stock, valued at $194,780,769.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Adam Selipsky sold 520 shares of Amazon.com stock in a transaction on Wednesday, April 19th. The shares were sold at an average price of $103.77, for a total value of $53,960.40. Following the completion of the sale, the chief executive officer now directly owns 136,780 shares of the company’s stock, valued at approximately $14,193,660.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 78,713 shares of company stock valued at $7,739,103. Corporate insiders own 12.70% of the company’s stock.
Amazon.com Profile
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.
Read More
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