Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Benjamin Edwards Inc.

Posted by Defense World Staff on May 19th, 2023

Benjamin Edwards Inc. grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 13.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,970 shares of the e-commerce giant’s stock after purchasing an additional 3,756 shares during the period. Benjamin Edwards Inc.’s holdings in Amazon.com were worth $2,601,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. McElhenny Sheffield Capital Management LLC bought a new stake in Amazon.com during the fourth quarter valued at $27,000. Retirement Financial Solutions LLC bought a new stake in Amazon.com during the fourth quarter valued at $32,000. Laurel Wealth Planning LLC increased its stake in Amazon.com by 1,900.0% during the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after purchasing an additional 304 shares during the last quarter. Swaine & Leidel Wealth Services LLC bought a new stake in Amazon.com during the first quarter valued at $38,000. Finally, Cowa LLC bought a new stake in Amazon.com during the third quarter valued at $40,000. Hedge funds and other institutional investors own 57.64% of the company’s stock.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of the stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $93.80, for a total transaction of $375,200.00. Following the completion of the transaction, the chief executive officer now directly owns 560,298 shares in the company, valued at $52,555,952.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Amazon.com news, CEO Adam Selipsky sold 10,760 shares of the stock in a transaction on Monday, May 15th. The stock was sold at an average price of $110.33, for a total transaction of $1,187,150.80. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 4,000 shares of the stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $93.80, for a total value of $375,200.00. Following the transaction, the chief executive officer now owns 560,298 shares of the company’s stock, valued at $52,555,952.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 61,019 shares of company stock worth $6,053,511. 12.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Truist Financial boosted their target price on shares of Amazon.com from $142.00 to $144.00 in a research note on Wednesday, April 12th. Roth Capital reissued a “buy” rating on shares of Amazon.com in a report on Friday, February 3rd. Barclays reduced their price target on shares of Amazon.com from $150.00 to $140.00 in a report on Friday, April 28th. DA Davidson boosted their price target on shares of Amazon.com from $114.00 to $134.00 and gave the company a “buy” rating in a report on Friday, February 3rd. Finally, Robert W. Baird boosted their price target on shares of Amazon.com from $125.00 to $130.00 in a report on Friday, April 28th. Three research analysts have rated the stock with a hold rating and forty-one have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $143.12.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $118.15 on Friday. The business has a fifty day simple moving average of $103.12 and a 200 day simple moving average of $96.94. The company has a current ratio of 0.92, a quick ratio of 0.69 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $1.21 trillion, a price-to-earnings ratio of 281.31, a PEG ratio of 3.94 and a beta of 1.26. Amazon.com, Inc. has a one year low of $81.43 and a one year high of $146.57.

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

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.