LifePlan Financial LLC acquired a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 8,397 shares of the e-commerce giant’s stock, valued at approximately $1,276,000. Amazon.com makes up 1.3% of LifePlan Financial LLC’s investment portfolio, making the stock its 22nd biggest position.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. PayPay Securities Corp boosted its stake in Amazon.com by 54.3% during the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after buying an additional 94 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. raised its holdings 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 in the last quarter. Bruce G. Allen Investments LLC bought a new stake in shares of Amazon.com in the 4th quarter worth approximately $57,000. Authentikos Wealth Advisory LLC acquired a new stake in Amazon.com during the third quarter valued at approximately $49,000. Finally, AM Squared Ltd bought a new stake in Amazon.com during the third quarter worth approximately $76,000. Institutional investors own 72.20% of the company’s stock.
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Wall Street Analyst Weigh In
AMZN has been the topic of a number of recent analyst reports. DA Davidson reaffirmed a “buy” rating and set a $235.00 target price on shares of Amazon.com in a research report on Thursday, April 18th. Argus upped their price objective on shares of Amazon.com from $185.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday. Truist Financial lifted their target price on shares of Amazon.com from $216.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday. Evercore ISI upped their price target on shares of Amazon.com from $220.00 to $225.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Robert W. Baird lifted their price objective on shares of Amazon.com from $205.00 to $210.00 and gave the stock an “outperform” rating in a research report on Wednesday. One research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $211.07.
Check Out Our Latest Stock Report on AMZN
Insider Buying and Selling at Amazon.com
In other news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction of $90,000.00. Following the transaction, the chief executive officer now owns 132,600 shares in the company, valued at approximately $23,868,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $20,239,226.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total transaction of $90,000.00. Following the sale, the chief executive officer now owns 132,600 shares in the company, valued at approximately $23,868,000. 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 in the last ninety days. Company insiders own 10.80% of the company’s stock.
Amazon.com Trading Up 0.8 %
Amazon.com stock opened at $186.21 on Friday. Amazon.com, Inc. has a 52 week low of $103.31 and a 52 week high of $189.77. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.84 and a current ratio of 1.07. The firm has a market capitalization of $1.94 trillion, a PE ratio of 52.16, a PEG ratio of 1.37 and a beta of 1.15. The business’s 50-day simple moving average is $179.02 and its 200-day simple moving average is $160.32.
Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping 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 company had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. During the same period in the previous year, the business posted $0.31 EPS. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. Equities research analysts forecast that Amazon.com, Inc. will post 4.55 earnings per share for the current year.
About Amazon.com
(Free Report)
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.
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