Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Bleakley Financial Group LLC

Bleakley Financial Group LLC boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 267,309 shares of the e-commerce giant’s stock after purchasing an additional 4,509 shares during the period. Amazon.com makes up 1.3% of Bleakley Financial Group LLC’s portfolio, making the stock its 13th biggest position. Bleakley Financial Group LLC’s holdings in Amazon.com were worth $40,615,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. PayPay Securities Corp grew its position in shares of Amazon.com by 54.3% during the third 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. E Fund Management Hong Kong Co. Ltd. increased its position in shares of Amazon.com by 45.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after purchasing an additional 86 shares during the last quarter. Bruce G. Allen Investments LLC bought a new stake in shares of Amazon.com in the 4th quarter worth about $57,000. Authentikos Wealth Advisory LLC acquired a new stake in shares of Amazon.com in the 3rd quarter valued at about $49,000. Finally, AM Squared Ltd bought a new position in shares of Amazon.com during the third quarter worth about $76,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Down 1.7 %

AMZN stock opened at $173.67 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84. The firm has a market cap of $1.80 trillion, a PE ratio of 59.89, a P/E/G ratio of 1.56 and a beta of 1.16. Amazon.com, Inc. has a 12 month low of $101.15 and a 12 month high of $189.77. The firm has a 50 day simple moving average of $177.79 and a 200 day simple moving average of $158.23.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating analysts’ consensus estimates 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 company’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.21 EPS. Equities research analysts forecast that Amazon.com, Inc. will post 4.1 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $155.72, for a total value of $77,860.00. Following the transaction, the chief executive officer now owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Douglas J. Herrington sold 20,200 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $169.99, for a total value of $3,433,798.00. Following the completion of the sale, the chief executive officer now owns 514,131 shares of the company’s stock, valued at $87,397,128.69. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total value of $77,860.00. Following the transaction, the chief executive officer now directly owns 116,560 shares in the company, valued at $18,150,723.20. The disclosure for this sale can be found here. Insiders sold a total of 32,214,010 shares of company stock valued at $5,505,889,146 over the last three months. Insiders own 10.30% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on AMZN. Oppenheimer lifted their target price on Amazon.com from $200.00 to $210.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. UBS Group boosted their target price on shares of Amazon.com from $198.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday. Moffett Nathanson restated a “buy” rating and issued a $228.00 price target on shares of Amazon.com in a research report on Thursday, April 11th. The Goldman Sachs Group boosted their price objective on shares of Amazon.com from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Finally, Piper Sandler raised their target price on shares of Amazon.com from $185.00 to $205.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $205.13.

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.