SYSTM Wealth Solutions LLC Takes $3.49 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Posted by Defense World Staff on Jun 8th, 2023

SYSTM Wealth Solutions LLC bought a new position in Amazon.com, Inc. (NASDAQ:AMZN) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 41,531 shares of the e-commerce giant’s stock, valued at approximately $3,489,000.

Several other large investors have also recently made changes to their positions in the stock. Fiduciary Planning LLC raised its holdings in Amazon.com by 1.5% during the first 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 in the last quarter. HBC Financial Services PLLC increased its holdings in shares of Amazon.com by 0.8% in the first quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock valued at $1,717,000 after buying an additional 5 shares in the last quarter. Meridian Investment Counsel Inc. increased its holdings in shares of Amazon.com by 3.4% in the first quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock valued at $492,000 after buying an additional 5 shares in the last quarter. Alterna Wealth Management Inc. increased its holdings in shares of Amazon.com by 1.8% in the first quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock valued at $942,000 after buying an additional 5 shares in the last quarter. Finally, Archetype Wealth Partners increased its holdings in shares of Amazon.com by 3.7% in the first quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock valued at $552,000 after buying an additional 6 shares in the last quarter. 57.64% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Andrew R. Jassy sold 21,925 shares of the company’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $115.37, for a total value of $2,529,487.25. Following the sale, the chief executive officer now directly owns 1,997,681 shares of the company’s stock, valued at approximately $230,472,456.97. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $120.61, for a total transaction of $482,440.00. Following the transaction, the chief executive officer now owns 568,301 shares in the company, valued at approximately $68,542,783.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew R. Jassy sold 21,925 shares of the company’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $115.37, for a total transaction of $2,529,487.25. Following the transaction, the chief executive officer now owns 1,997,681 shares in the company, valued at approximately $230,472,456.97. The disclosure for this sale can be found here. In the last three months, insiders have sold 75,144 shares of company stock valued at $8,513,127. 12.70% of the stock is currently owned by insiders.

Amazon.com Trading Down 4.2 %

AMZN opened at $121.23 on Thursday. Amazon.com, Inc. has a fifty-two week low of $81.43 and a fifty-two week 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 firm has a market capitalization of $1.24 trillion, a price-to-earnings ratio of 288.64, a PEG ratio of 2.43 and a beta of 1.26. The company’s 50 day moving average price is $109.48 and its two-hundred day moving average price is $99.44.

Amazon.com (NASDAQ:AMZN – Get Rating) last posted its quarterly earnings data 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. Amazon.com had a net margin of 0.82% and a return on equity of 5.85%. The company had revenue of $127.36 billion for the quarter, compared to analyst estimates of $124.57 billion. During the same period in the prior year, the firm posted $0.21 EPS. The company’s quarterly revenue was up 9.4% on a year-over-year basis. As a group, research analysts predict that Amazon.com, Inc. will post 1.57 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Truist Financial lifted their price objective on shares of Amazon.com from $142.00 to $144.00 in a research report on Wednesday, April 12th. Mizuho upped their price objective on shares of Amazon.com from $135.00 to $145.00 in a report on Friday, April 28th. Wells Fargo & Company assumed coverage on shares of Amazon.com in a report on Wednesday. They issued an “overweight” rating for the company. Piper Sandler upped their price objective on shares of Amazon.com from $130.00 to $150.00 in a report on Wednesday. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $125.00 target price on shares of Amazon.com in a research report on Thursday, April 20th. Three research analysts have rated the stock with a hold rating and forty-one have issued a buy rating to the company. According to data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and a consensus price target of $144.14.

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.