Amazon.com, Inc. (NASDAQ:AMZN) is Global Assets Advisory LLC’s 6th Largest Position

Global Assets Advisory LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.7% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 21,450 shares of the e-commerce giant’s stock after acquiring an additional 367 shares during the period. Amazon.com makes up about 4.4% of Global Assets Advisory LLC’s holdings, making the stock its 6th largest holding. Global Assets Advisory LLC’s holdings in Amazon.com were worth $3,259,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Register Financial Advisors LLC raised its stake in Amazon.com by 14.3% in the third quarter. Register Financial Advisors LLC now owns 5,263 shares of the e-commerce giant’s stock valued at $669,000 after buying an additional 657 shares in the last quarter. Wedge Capital Management L L P NC raised its stake in Amazon.com by 1.0% in the third quarter. Wedge Capital Management L L P NC now owns 14,613 shares of the e-commerce giant’s stock valued at $1,858,000 after buying an additional 148 shares in the last quarter. Cherrydale Wealth Management LLC raised its stake in Amazon.com by 14.7% in the fourth quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock valued at $799,000 after buying an additional 675 shares in the last quarter. Tompkins Financial Corp raised its stake in Amazon.com by 3.3% in the fourth quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock valued at $10,875,000 after buying an additional 2,273 shares in the last quarter. Finally, Nicholas Company Inc. raised its stake in Amazon.com by 3.9% in the third quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock valued at $89,628,000 after buying an additional 26,465 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Trading Down 1.6 %

Shares of Amazon.com stock opened at $176.59 on Thursday. Amazon.com, Inc. has a fifty-two week low of $101.15 and a fifty-two week high of $189.77. The firm has a market cap of $1.83 trillion, a PE ratio of 60.89, a P/E/G ratio of 1.54 and a beta of 1.16. The business’s fifty day moving average is $177.71 and its two-hundred day moving average is $158.12. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The company had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. During the same quarter in the prior year, the company posted $0.21 EPS. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. Analysts anticipate that Amazon.com, Inc. will post 4.1 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the sale, the chief executive officer now directly owns 116,560 shares in the company, valued at approximately $18,150,723.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the sale, the chief executive officer now directly owns 116,560 shares in the company, valued at approximately $18,150,723.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of the 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 completion of the sale, the insider now owns 982,252,968 shares of the company’s stock, valued at $167,140,165,034.88. The disclosure for this sale can be found here. Insiders have sold a total of 32,214,010 shares of company stock valued at $5,505,889,146 in the last quarter. 10.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AMZN. Truist Financial raised their price target on Amazon.com from $195.00 to $216.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Wells Fargo & Company raised their price objective on Amazon.com from $211.00 to $217.00 and gave the stock an “overweight” rating in a report on Monday, April 1st. DA Davidson reaffirmed a “buy” rating and set a $235.00 price objective on shares of Amazon.com in a report on Thursday, April 18th. TD Cowen raised their price objective on Amazon.com from $200.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Finally, The Goldman Sachs Group raised their price objective on Amazon.com from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $204.76.

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.