StrongBox Wealth LLC Has $3.72 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

StrongBox Wealth LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 1.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 24,492 shares of the e-commerce giant’s stock after buying an additional 334 shares during the period. Amazon.com makes up 2.2% of StrongBox Wealth LLC’s investment portfolio, making the stock its 16th biggest holding. StrongBox Wealth LLC’s holdings in Amazon.com were worth $3,721,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in AMZN. Mayflower Financial Advisors LLC raised its position in Amazon.com by 0.3% in the third quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock worth $25,000 after purchasing an additional 572 shares in the last quarter. PayPay Securities Corp raised its position in Amazon.com by 54.3% in the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 94 shares in the last quarter. Laurel Wealth Planning LLC grew its stake in Amazon.com by 1,900.0% during the second 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 last quarter. Sanctuary Wealth Management L.L.C. bought a new stake in Amazon.com during the fourth quarter worth about $37,000. Finally, Swaine & Leidel Wealth Services LLC bought a new stake in Amazon.com during the first quarter worth about $38,000. Institutional investors and hedge funds own 57.96% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AMZN. DA Davidson upped their price objective on shares of Amazon.com from $195.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Monness Crespi & Hardt upped their price objective on shares of Amazon.com from $170.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Oppenheimer upped their price objective on shares of Amazon.com from $200.00 to $210.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Barclays upped their price objective on shares of Amazon.com from $190.00 to $220.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Finally, Mizuho increased their price target on shares of Amazon.com from $220.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $197.95.

View Our Latest Research Report on AMZN

Insider Buying and Selling

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $145.63, for a total value of $72,815.00. Following the sale, the chief executive officer now directly owns 118,560 shares in the company, valued at approximately $17,265,892.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Andrew R. Jassy sold 50,000 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $180.00, for a total transaction of $9,000,000.00. Following the transaction, the chief executive officer now directly owns 1,994,182 shares in the company, valued at approximately $358,952,760. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $145.63, for a total transaction of $72,815.00. Following the transaction, the chief executive officer now owns 118,560 shares in the company, valued at $17,265,892.80. The disclosure for this sale can be found here. Insiders have sold a total of 32,210,510 shares of company stock worth $5,505,209,706 over the last ninety days. Company insiders own 12.30% of the company’s stock.

Amazon.com Trading Up 0.0 %

Shares of NASDAQ:AMZN opened at $174.48 on Tuesday. Amazon.com, Inc. has a 12 month low of $95.70 and a 12 month high of $180.14. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. The company’s fifty day simple moving average is $166.80 and its 200 day simple moving average is $149.35. The firm has a market cap of $1.81 trillion, a price-to-earnings ratio of 60.17, a PEG ratio of 1.56 and a beta of 1.17.

Amazon.com (NASDAQ:AMZNGet Free Report) last issued its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The business had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. During the same period last year, the business posted $0.21 earnings per share. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. As a group, research analysts forecast that Amazon.com, Inc. will post 4.08 EPS for the current fiscal year.

About Amazon.com

(Free Report)

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.

Further Reading

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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