Chemistry Wealth Management LLC Purchases 917 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Chemistry Wealth Management LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,453 shares of the e-commerce giant’s stock after acquiring an additional 917 shares during the quarter. Amazon.com makes up approximately 1.9% of Chemistry Wealth Management LLC’s portfolio, making the stock its 9th biggest position. Chemistry Wealth Management LLC’s holdings in Amazon.com were worth $6,450,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of AMZN. Vanguard Group Inc. raised its position in Amazon.com by 4.4% during the 3rd quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock worth $96,350,832,000 after purchasing an additional 32,038,029 shares during the last quarter. State Street Corp raised its position in Amazon.com by 1.2% during the 2nd quarter. State Street Corp now owns 335,869,897 shares of the e-commerce giant’s stock worth $43,784,000,000 after purchasing an additional 3,970,330 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Amazon.com by 1,838.8% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock worth $33,134,481,000 after purchasing an additional 295,880,050 shares during the last quarter. FMR LLC raised its position in Amazon.com by 7.7% during the 3rd quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock worth $38,403,135,000 after purchasing an additional 21,649,871 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Amazon.com by 2.9% during the 2nd quarter. Geode Capital Management LLC now owns 170,151,722 shares of the e-commerce giant’s stock worth $22,116,108,000 after purchasing an additional 4,842,542 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft raised their target price on Amazon.com from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Royal Bank of Canada lifted their price objective on Amazon.com from $180.00 to $215.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Truist Financial reissued a “buy” rating and issued a $195.00 price objective on shares of Amazon.com in a research report on Friday, March 22nd. Needham & Company LLC lifted their price objective on Amazon.com from $175.00 to $205.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Finally, Raymond James lifted their price objective on Amazon.com from $185.00 to $200.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $197.95.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $179.83 on Thursday. Amazon.com, Inc. has a twelve month low of $96.29 and a twelve month high of $181.41. The stock’s 50 day moving average price is $169.73 and its 200-day moving average price is $151.07. The company has a market capitalization of $1.87 trillion, a PE ratio of 62.01, a PEG ratio of 1.57 and a beta of 1.17. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. The firm had revenue of $169.96 billion for the quarter, compared to the consensus estimate of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The company’s revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.21 EPS. On average, equities analysts anticipate that Amazon.com, Inc. will post 4.08 EPS for the current year.

Insider Buying and Selling

In related news, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total value of $523,807.00. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total value of $90,000.00. Following the completion of the transaction, the chief executive officer now directly owns 132,600 shares in the company, valued at $23,868,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $20,239,226.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,210,510 shares of company stock valued at $5,505,223,106. 12.70% of the stock is owned by company insiders.

Amazon.com Company Profile

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.