Nova R Wealth Inc. Purchases 1,135 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Nova R Wealth Inc. lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 6.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 18,359 shares of the e-commerce giant’s stock after purchasing an additional 1,135 shares during the quarter. Amazon.com accounts for approximately 1.8% of Nova R Wealth Inc.’s holdings, making the stock its 15th biggest holding. Nova R Wealth Inc.’s holdings in Amazon.com were worth $2,789,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Mayflower Financial Advisors LLC lifted its position in Amazon.com by 0.3% during the 3rd quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock worth $25,000 after buying an additional 572 shares in the last quarter. PayPay Securities Corp lifted its position in Amazon.com by 54.3% during the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after buying an additional 94 shares in the last quarter. Laurel Wealth Planning LLC lifted its position in Amazon.com by 1,900.0% during the 2nd 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 in the last quarter. Sanctuary Wealth Management L.L.C. acquired a new position in Amazon.com during the 4th quarter worth about $37,000. Finally, Swaine & Leidel Wealth Services LLC acquired a new position in Amazon.com during the 1st quarter worth about $38,000. Institutional investors own 72.20% of the company’s stock.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 5,998,849 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the completion of the sale, the insider now owns 982,252,968 shares of the company’s stock, valued at approximately $167,140,165,034.88. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $152.78, for a total transaction of $76,390.00. Following the completion of the sale, the chief executive officer now owns 117,560 shares of the company’s stock, valued at approximately $17,960,816.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the sale, the insider now directly owns 982,252,968 shares of the company’s stock, valued at approximately $167,140,165,034.88. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,214,010 shares of company stock valued at $5,505,874,846. 12.70% of the stock is owned by insiders.

Analyst Ratings Changes

AMZN has been the topic of several research reports. The Goldman Sachs Group upped their price target on shares of Amazon.com from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Canaccord Genuity Group upped their price target on shares of Amazon.com from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Mizuho upped their target price on shares of Amazon.com from $220.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Wells Fargo & Company upped their target price on shares of Amazon.com from $211.00 to $217.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. Finally, Moffett Nathanson restated a “buy” rating and set a $228.00 target price on shares of Amazon.com in a research report on Thursday. One 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 company. According to data from MarketBeat, Amazon.com presently has an average rating of “Buy” and an average target price of $201.43.

Amazon.com Trading Up 1.7 %

NASDAQ AMZN opened at $189.05 on Friday. The company has a market cap of $1.96 trillion, a PE ratio of 65.19, a PEG ratio of 1.61 and a beta of 1.16. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. Amazon.com, Inc. has a 12 month low of $97.71 and a 12 month high of $189.77. The stock has a 50 day moving average of $176.04 and a 200-day moving average of $154.59.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating the consensus estimate of $0.81 by $0.19. The company had revenue of $169.96 billion during 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 firm’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.21 EPS. On average, equities research analysts anticipate that Amazon.com, Inc. will post 4.08 EPS for the current fiscal 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.