River Street Advisors LLC acquired a new position in Amazon.com, Inc. (NASDAQ:AMZN) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 8,002 shares of the e-commerce giant’s stock, valued at approximately $672,000.
A number of other large investors also recently bought and sold shares of the business. McElhenny Sheffield Capital Management LLC purchased a new position in Amazon.com in the fourth quarter worth $27,000. Retirement Financial Solutions LLC purchased a new position in Amazon.com in the fourth quarter worth $32,000. Laurel Wealth Planning LLC grew its holdings in Amazon.com by 1,900.0% in the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 304 shares during the last quarter. Swaine & Leidel Wealth Services LLC purchased a new position in Amazon.com in the first quarter worth $38,000. Finally, Cowa LLC purchased a new stake in shares of Amazon.com during the third quarter valued at $40,000. Institutional investors own 57.64% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts have weighed in on AMZN shares. Credit Suisse Group decreased their price objective on shares of Amazon.com from $150.00 to $140.00 in a research report on Tuesday, April 25th. Needham & Company LLC reaffirmed a “buy” rating and set a $120.00 price objective on shares of Amazon.com in a research note on Wednesday, April 12th. Piper Sandler increased their price target on shares of Amazon.com from $123.00 to $130.00 in a research note on Friday, April 28th. Oppenheimer dropped their price target on shares of Amazon.com from $135.00 to $125.00 and set an “outperform” rating for the company in a research note on Thursday, April 6th. Finally, Susquehanna increased their price target on shares of Amazon.com from $140.00 to $150.00 and gave the company a “positive” rating in a research note on Friday, February 3rd. Three equities research analysts have rated the stock with a hold rating and forty-one have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $143.12.
Amazon.com Price Performance
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. Amazon.com had a net margin of 0.82% and a return on equity of 5.85%. The business had revenue of $127.36 billion during the quarter, compared to analyst estimates of $124.57 billion. During the same period last year, the business earned $0.21 EPS. The business’s revenue was up 9.4% on a year-over-year basis. Equities research analysts expect that Amazon.com, Inc. will post 1.57 EPS for the current fiscal year.
Insider Buying and Selling at Amazon.com
In other Amazon.com news, CEO Adam Selipsky sold 2,299 shares of the stock in a transaction on Tuesday, March 21st. The shares were sold at an average price of $100.34, for a total transaction of $230,681.66. Following the transaction, the chief executive officer now directly owns 138,320 shares in the company, valued at approximately $13,879,028.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Douglas J. Herrington sold 4,000 shares of Amazon.com stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $105.00, for a total value of $420,000.00. Following the sale, the chief executive officer now directly owns 552,298 shares in the company, valued at approximately $57,991,290. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Adam Selipsky sold 2,299 shares of Amazon.com stock in a transaction dated Tuesday, March 21st. The shares were sold at an average price of $100.34, for a total transaction of $230,681.66. Following the completion of the sale, the chief executive officer now owns 138,320 shares in the company, valued at $13,879,028.80. The disclosure for this sale can be found here. Insiders have sold 26,599 shares of company stock worth $2,781,085 in the last ninety days. 12.30% of the stock is owned by insiders.
Amazon.com Company Profile
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.
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