Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by West Paces Advisors Inc.

West Paces Advisors Inc. lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,727 shares of the e-commerce giant’s stock after acquiring an additional 151 shares during the quarter. West Paces Advisors Inc.’s holdings in Amazon.com were worth $1,326,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. LS Investment Advisors LLC boosted its stake in Amazon.com by 91.9% in the 3rd quarter. LS Investment Advisors LLC now owns 8,759 shares of the e-commerce giant’s stock worth $1,113,000 after purchasing an additional 4,195 shares during the period. Clarity Financial LLC boosted its position in shares of Amazon.com by 89.4% in the third quarter. Clarity Financial LLC now owns 95,974 shares of the e-commerce giant’s stock worth $12,200,000 after buying an additional 45,290 shares during the period. Secure Asset Management LLC grew its holdings in shares of Amazon.com by 32.8% during the third quarter. Secure Asset Management LLC now owns 35,976 shares of the e-commerce giant’s stock valued at $4,573,000 after buying an additional 8,893 shares in the last quarter. Oak Thistle LLC grew its holdings in shares of Amazon.com by 252.3% during the third quarter. Oak Thistle LLC now owns 9,802 shares of the e-commerce giant’s stock valued at $1,246,000 after buying an additional 7,020 shares in the last quarter. Finally, Next Capital Management LLC raised its position in Amazon.com by 82.0% during the third quarter. Next Capital Management LLC now owns 154,128 shares of the e-commerce giant’s stock valued at $19,593,000 after buying an additional 69,427 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Up 0.8 %

Shares of AMZN opened at $186.21 on Monday. Amazon.com, Inc. has a 52 week low of $103.31 and a 52 week high of $189.77. The firm has a market capitalization of $1.94 trillion, a P/E ratio of 52.16, a P/E/G ratio of 1.38 and a beta of 1.15. The company has a 50-day simple moving average of $179.02 and a 200-day simple moving average of $160.75. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.84 and a current ratio of 1.07.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating the consensus estimate of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The firm had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. During the same quarter in the prior year, the firm posted $0.31 EPS. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. On average, equities research analysts expect that Amazon.com, Inc. will post 4.67 earnings per share for the current year.

Wall Street Analyst Weigh In

AMZN has been the topic of several research analyst reports. Sanford C. Bernstein lifted their target price on Amazon.com from $175.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Roth Mkm reaffirmed a “buy” rating and set a $210.00 price objective (up from $205.00) on shares of Amazon.com in a research report on Wednesday, May 1st. Piper Sandler increased their target price on shares of Amazon.com from $205.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Argus boosted their price target on shares of Amazon.com from $185.00 to $205.00 and gave the company a “buy” rating in a report on Thursday. Finally, Mizuho increased their price objective on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com currently has a consensus rating of “Buy” and an average price target of $211.07.

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,009,208 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $166.79, for a total value of $335,115,802.32. Following the sale, the insider now owns 938,251,817 shares of the company’s stock, valued at approximately $156,491,020,557.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Jeffrey P. Bezos sold 2,009,208 shares of Amazon.com stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $166.79, for a total transaction of $335,115,802.32. Following the sale, the insider now directly owns 938,251,817 shares in the company, valued at approximately $156,491,020,557.43. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Andrew R. Jassy sold 50,000 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $168.65, for a total transaction of $8,432,500.00. Following the completion of the transaction, the chief executive officer now directly owns 2,014,055 shares of the company’s stock, valued at approximately $339,670,375.75. The disclosure for this sale can be found here. Insiders sold a total of 32,217,010 shares of company stock valued at $5,506,442,301 over the last ninety days. 10.80% of the stock is owned by company insiders.

About Amazon.com

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.