Carson Advisory Inc. Has $394,000 Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Posted by Defense World Staff on May 25th, 2023

Carson Advisory Inc. raised its position in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 15.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 4,689 shares of the e-commerce giant’s stock after buying an additional 640 shares during the period. Carson Advisory Inc.’s holdings in Amazon.com were worth $394,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in AMZN. McElhenny Sheffield Capital Management LLC bought a new stake in Amazon.com in the 4th quarter valued at approximately $27,000. Retirement Financial Solutions LLC bought a new stake in shares of Amazon.com during the fourth quarter worth approximately $32,000. Laurel Wealth Planning LLC increased its position in Amazon.com by 1,900.0% during the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after buying an additional 304 shares during the period. Swaine & Leidel Wealth Services LLC acquired a new stake in shares of Amazon.com in the first quarter valued at approximately $38,000. Finally, Cowa LLC bought a new position in shares of Amazon.com in the third quarter worth $40,000. 57.64% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Wednesday, April 5th. The shares were sold at an average price of $101.67, for a total value of $50,835.00. Following the transaction, the chief executive officer now directly owns 137,300 shares in the company, valued at $13,959,291. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Douglas J. Herrington sold 4,000 shares of the firm’s 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 transaction, the chief executive officer now owns 560,298 shares in the company, valued at $52,555,952.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, April 5th. The stock was sold at an average price of $101.67, for a total transaction of $50,835.00. Following the completion of the sale, the chief executive officer now directly owns 137,300 shares of the company’s stock, valued at approximately $13,959,291. The disclosure for this sale can be found here. Insiders sold a total of 75,144 shares of company stock valued at $8,405,887 over the last 90 days. Insiders own 12.70% of the company’s stock.

Amazon.com Stock Performance

AMZN stock opened at $116.75 on Thursday. The stock’s 50 day simple moving average is $104.89 and its 200 day simple moving average is $97.55. The stock has a market capitalization of $1.20 trillion, a PE ratio of 277.98, a price-to-earnings-growth ratio of 4.00 and a beta of 1.26. Amazon.com, Inc. has a 12-month low of $81.43 and a 12-month high of $146.57. The company has a current ratio of 0.92, a quick ratio of 0.69 and a debt-to-equity ratio of 0.43.

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

Analyst Ratings Changes

A number of brokerages recently issued reports on AMZN. Roth Capital reissued a “buy” rating on shares of Amazon.com in a research note on Friday, February 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $120.00 target price on shares of Amazon.com in a research report on Wednesday, April 12th. Benchmark increased their price objective on shares of Amazon.com from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, February 3rd. Wedbush lifted their price objective on shares of Amazon.com from $125.00 to $129.00 in a research note on Friday, April 28th. Finally, Susquehanna increased their price target on Amazon.com from $140.00 to $150.00 and gave the stock a “positive” rating in a report on Friday, February 3rd. Three research analysts have rated the stock with a hold rating and forty-one have assigned a buy rating to the company. Based on data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and an average target price of $143.12.

About Amazon.com

(Get Rating)

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.