269,546 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Bought by Bleakley Financial Group LLC

Posted by Defense World Staff on May 18th, 2023

Bleakley Financial Group LLC purchased a new position in Amazon.com, Inc. (NASDAQ:AMZN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 269,546 shares of the e-commerce giant’s stock, valued at approximately $22,642,000. Amazon.com makes up about 0.8% of Bleakley Financial Group LLC’s portfolio, making the stock its 21st biggest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMZN. Fiduciary Planning LLC boosted its position in shares of Amazon.com by 1.5% during the 1st quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock worth $1,138,000 after purchasing an additional 5 shares during the period. HBC Financial Services PLLC boosted its holdings in Amazon.com by 0.8% during 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 period. Meridian Investment Counsel Inc. boosted its holdings in Amazon.com by 3.4% during 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 period. Alterna Wealth Management Inc. boosted its holdings in Amazon.com by 1.8% during 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 period. Finally, Archetype Wealth Partners boosted its holdings in Amazon.com by 3.7% during 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 period. Hedge funds and other institutional investors own 57.64% of the company’s stock.

Amazon.com Price Performance

Amazon.com stock opened at $115.50 on Thursday. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $146.57. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.92 and a quick ratio of 0.69. The business has a 50 day simple moving average of $102.60 and a 200-day simple moving average of $96.79. The stock has a market capitalization of $1.19 trillion, a PE ratio of 275.00, a price-to-earnings-growth ratio of 3.89 and a beta of 1.26.

Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 EPS for the quarter, topping the consensus estimate of $0.22 by $0.09. Amazon.com had a return on equity of 5.85% and a net margin of 0.82%. The business had revenue of $127.36 billion during the quarter, compared to analysts’ expectations of $124.57 billion. During the same quarter in the prior year, the business earned $0.21 earnings per share. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. Equities analysts predict that Amazon.com, Inc. will post 1.57 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on AMZN shares. Wells Fargo & Company lowered their target price on Amazon.com from $155.00 to $145.00 in a report on Friday, February 3rd. Credit Suisse Group decreased their price target on shares of Amazon.com from $150.00 to $140.00 in a research report on Tuesday, April 25th. Telsey Advisory Group reissued an “outperform” rating and issued a $125.00 price target on shares of Amazon.com in a research report on Thursday, April 20th. Barclays decreased their price objective on Amazon.com from $150.00 to $140.00 in a research note on Friday, April 28th. Finally, JPMorgan Chase & Co. lifted their price objective on Amazon.com from $135.00 to $145.00 in a research note on Friday, April 28th. Three research analysts have rated the stock with a hold rating and forty-one have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $143.12.

Insiders Place Their Bets

In related news, CEO Adam Selipsky sold 10,760 shares of Amazon.com stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $110.33, for a total value of $1,187,150.80. Following the sale, the chief executive officer now directly owns 150,120 shares in the company, valued at $16,562,739.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Amazon.com news, CEO Adam Selipsky sold 10,760 shares of the firm’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $110.33, for a total value of $1,187,150.80. Following the completion of the sale, the chief executive officer now owns 150,120 shares of the company’s stock, valued at $16,562,739.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP David Zapolsky sold 6,704 shares of the company’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 $636,276.64. Following the transaction, the senior vice president now directly owns 87,036 shares in the company, valued at $8,260,586.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 61,019 shares of company stock worth $6,053,511. Company insiders own 12.70% of the company’s stock.

Amazon.com Profile

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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.