Regal Investment Advisors LLC Raises Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Posted by Defense World Staff on Jun 18th, 2023

Regal Investment Advisors LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 1.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 68,853 shares of the e-commerce giant’s stock after acquiring an additional 660 shares during the quarter. Regal Investment Advisors LLC’s holdings in Amazon.com were worth $5,784,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. USAdvisors Wealth Management LLC grew its holdings in shares of Amazon.com by 12.5% during the fourth quarter. USAdvisors Wealth Management LLC now owns 3,242 shares of the e-commerce giant’s stock worth $272,000 after buying an additional 359 shares in the last quarter. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Amazon.com during the fourth quarter worth $426,000. Dohj LLC grew its holdings in shares of Amazon.com by 1.8% during the third quarter. Dohj LLC now owns 24,839 shares of the e-commerce giant’s stock worth $2,807,000 after buying an additional 451 shares in the last quarter. Veritas Asset Management LLP grew its holdings in shares of Amazon.com by 19.6% during the fourth quarter. Veritas Asset Management LLP now owns 7,868,621 shares of the e-commerce giant’s stock worth $660,964,000 after buying an additional 1,286,797 shares in the last quarter. Finally, Obermeyer Wood Investment Counsel Lllp grew its holdings in shares of Amazon.com by 1.2% during the third quarter. Obermeyer Wood Investment Counsel Lllp now owns 313,317 shares of the e-commerce giant’s stock worth $35,405,000 after buying an additional 3,840 shares in the last quarter. Hedge funds and other institutional investors own 57.64% of the company’s stock.

Insider Activity

In other news, CEO Adam Selipsky sold 2,299 shares of Amazon.com stock in a transaction on Tuesday, March 21st. The shares were sold at an average price of $100.34, for a total value of $230,681.66. Following the transaction, the chief executive officer now directly owns 138,320 shares of the company’s stock, valued at approximately $13,879,028.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Adam Selipsky sold 2,299 shares of Amazon.com stock in a transaction on Tuesday, March 21st. The shares were sold at an average price of $100.34, for a total value of $230,681.66. Following the transaction, the chief executive officer now directly owns 138,320 shares of the company’s stock, valued at approximately $13,879,028.80. The sale 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 Amazon.com 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 completion of the transaction, the chief executive officer now directly owns 568,301 shares in the company, valued at $68,542,783.61. The disclosure for this sale can be found here. Insiders have sold 75,644 shares of company stock valued at $8,576,262 in the last ninety days. 12.30% of the stock is currently owned by company insiders.

Amazon.com Stock Down 1.3 %

AMZN stock opened at $125.49 on Friday. 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, Inc. has a twelve month low of $81.43 and a twelve month high of $146.57. The company’s 50 day moving average is $112.74 and its two-hundred day moving average is $101.02. The stock has a market cap of $1.29 trillion, a P/E ratio of 298.79, a PEG ratio of 2.47 and a beta of 1.26.

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. The company had revenue of $127.36 billion for the quarter, compared to analysts’ expectations of $124.57 billion. Amazon.com had a net margin of 0.82% and a return on equity of 5.85%. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the company earned $0.21 earnings per share. Research analysts expect that Amazon.com, Inc. will post 1.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on AMZN shares. Wells Fargo & Company started coverage on shares of Amazon.com in a report on Wednesday, June 7th. They set an “overweight” rating and a $159.00 target price for the company. StockNews.com initiated coverage on shares of Amazon.com in a research report on Thursday, May 18th. They set a “hold” rating on the stock. Piper Sandler boosted their price target on shares of Amazon.com from $130.00 to $150.00 in a research report on Wednesday, June 7th. Robert W. Baird boosted their price target on shares of Amazon.com from $125.00 to $130.00 in a research report on Friday, April 28th. Finally, Piper Jaffray Companies boosted their price target on shares of Amazon.com from $130.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, June 7th. Three analysts have rated the stock with a hold rating and forty-one have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.28.

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.