Redhawk Wealth Advisors Inc. Grows Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Redhawk Wealth Advisors Inc. lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 21.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,823 shares of the e-commerce giant’s stock after buying an additional 3,649 shares during the period. Redhawk Wealth Advisors Inc.’s holdings in Amazon.com were worth $3,164,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Upgrades and Downgrades

Several research firms have commented on AMZN. Wolfe Research boosted their price target on shares of Amazon.com from $195.00 to $205.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. The Goldman Sachs Group boosted their target price on shares of Amazon.com from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Bank of America boosted their target price on shares of Amazon.com from $185.00 to $204.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Susquehanna boosted their target price on shares of Amazon.com from $185.00 to $220.00 and gave the stock a “positive” rating in a research note on Friday, February 2nd. Finally, Truist Financial reiterated a “buy” rating and set a $195.00 target price on shares of Amazon.com in a research note on Friday, March 22nd. One analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $197.95.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $145.63, for a total value of $72,815.00. Following the completion of the transaction, the chief executive officer now directly owns 118,560 shares of the company’s stock, valued at $17,265,892.80. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, Director Jonathan Rubinstein sold 5,556 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $180.00, for a total value of $1,000,080.00. Following the sale, the director now directly owns 109,664 shares in the company, valued at $19,739,520. 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 stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $145.63, for a total transaction of $72,815.00. Following the completion of the sale, 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. Over the last three months, insiders sold 32,210,510 shares of company stock valued at $5,505,223,106. Corporate insiders own 12.30% of the company’s stock.

Amazon.com Trading Up 0.3 %

NASDAQ AMZN opened at $180.38 on Friday. Amazon.com, Inc. has a 52-week low of $97.71 and a 52-week high of $181.70. 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 stock has a market capitalization of $1.87 trillion, a P/E ratio of 62.20, a P/E/G ratio of 1.55 and a beta of 1.17. The firm has a 50-day moving average price of $170.29 and a 200 day moving average price of $151.27.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, beating 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 company had revenue of $169.96 billion during the quarter, compared to analysts’ expectations of $165.96 billion. During the same period last year, the company posted $0.21 earnings per share. The firm’s quarterly revenue was up 13.9% compared to the same quarter last year. Equities research analysts expect that Amazon.com, Inc. will post 4.08 EPS for the current year.

Amazon.com 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.