Amazon.com, Inc. (NASDAQ:AMZN) is Commonwealth Equity Services LLC’s 10th Largest Position

Commonwealth Equity Services LLC raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 4,949,455 shares of the e-commerce giant’s stock after buying an additional 47,367 shares during the period. Amazon.com comprises about 1.0% of Commonwealth Equity Services LLC’s portfolio, making the stock its 10th largest holding. Commonwealth Equity Services LLC’s holdings in Amazon.com were worth $415,754,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fiduciary Planning LLC boosted its holdings in Amazon.com by 1.5% in the 1st quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock valued at $1,138,000 after purchasing an additional 5 shares in the last quarter. HBC Financial Services PLLC boosted its holdings in Amazon.com by 0.8% in the 1st quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock valued at $1,717,000 after purchasing an additional 5 shares in the last quarter. Meridian Investment Counsel Inc. boosted its holdings in Amazon.com by 3.4% in the 1st quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock valued at $492,000 after purchasing an additional 5 shares in the last quarter. Alterna Wealth Management Inc. lifted its position in shares of 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 lifted its position in shares of 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.

Analysts Set New Price Targets

Several brokerages recently issued reports on AMZN. Truist Financial lifted their price objective on Amazon.com from $142.00 to $144.00 in a research report on Wednesday, April 12th. Tigress Financial reiterated a “buy” rating and issued a $192.00 price target on shares of Amazon.com in a report on Thursday, February 9th. Wedbush boosted their price objective on shares of Amazon.com from $125.00 to $129.00 in a research note on Friday, April 28th. DA Davidson boosted their price objective on shares of Amazon.com from $114.00 to $134.00 and gave the company a “buy” rating in a research note on Friday, February 3rd. Finally, Piper Sandler boosted their price objective on shares of Amazon.com from $123.00 to $130.00 in a research note on Friday, April 28th. Three analysts have rated the stock with a hold rating and forty-one have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $143.12.

Insider Activity

In other news, CEO Adam Selipsky sold 10,760 shares of the firm’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $110.33, for a total transaction of $1,187,150.80. Following the transaction, the chief executive officer now owns 150,120 shares in the company, valued at approximately $16,562,739.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Adam Selipsky sold 10,760 shares of the firm’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $110.33, for a total value of $1,187,150.80. Following the transaction, the chief executive officer now directly owns 150,120 shares in the company, valued at approximately $16,562,739.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Brian T. Olsavsky sold 16,760 shares of the firm’s stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $95.25, for a total transaction of $1,596,390.00. Following the completion of the transaction, the chief financial officer now owns 49,000 shares in the company, valued at $4,667,250. 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. 12.70% of the stock is owned by corporate insiders.

Amazon.com Stock Up 2.3 %

AMZN stock opened at $118.15 on Friday. Amazon.com, Inc. has a 12-month low of $81.43 and a 12-month high of $146.57. The company has a quick ratio of 0.69, a current ratio of 0.92 and a debt-to-equity ratio of 0.43. The company has a market cap of $1.21 trillion, a price-to-earnings ratio of 281.31, a PEG ratio of 3.94 and a beta of 1.26. The company has a 50 day moving average of $103.12 and a two-hundred day moving average of $96.94.

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

Amazon.com Company Profile

(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.