Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Root Financial Partners LLC

Root Financial Partners LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 74.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,626 shares of the e-commerce giant’s stock after buying an additional 1,980 shares during the period. Root Financial Partners LLC’s holdings in Amazon.com were worth $703,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMZN. Lake Hills Wealth Management LLC raised its holdings in Amazon.com by 0.8% during the fourth quarter. Lake Hills Wealth Management LLC now owns 7,985 shares of the e-commerce giant’s stock worth $1,213,000 after buying an additional 65 shares during the last quarter. Veery Capital LLC raised its holdings in shares of Amazon.com by 1.1% in the 4th quarter. Veery Capital LLC now owns 5,890 shares of the e-commerce giant’s stock worth $895,000 after acquiring an additional 66 shares during the last quarter. Bellwether Advisors LLC raised its holdings in shares of Amazon.com by 2.3% in the 4th quarter. Bellwether Advisors LLC now owns 2,936 shares of the e-commerce giant’s stock worth $446,000 after acquiring an additional 66 shares during the last quarter. StrategIQ Financial Group LLC lifted its position in Amazon.com by 0.3% in the 4th quarter. StrategIQ Financial Group LLC now owns 23,259 shares of the e-commerce giant’s stock valued at $3,534,000 after acquiring an additional 66 shares in the last quarter. Finally, Marion Wealth Management boosted its stake in Amazon.com by 1.6% during the 4th quarter. Marion Wealth Management now owns 4,321 shares of the e-commerce giant’s stock valued at $657,000 after purchasing an additional 67 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on AMZN shares. Canaccord Genuity Group lifted their target price on Amazon.com from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Rosenblatt Securities reaffirmed a “buy” rating and set a $220.00 price objective on shares of Amazon.com in a report on Wednesday. Robert W. Baird increased their target price on shares of Amazon.com from $205.00 to $210.00 and gave the company an “outperform” rating in a report on Wednesday. Oppenheimer boosted their price target on shares of Amazon.com from $210.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Barclays increased their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the company an “overweight” rating in a research note on Wednesday. One analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com currently has an average rating of “Buy” and a consensus price target of $211.07.

Insider Buying and Selling

In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were 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 owns 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total transaction of $523,807.00. Following the sale, the vice president now owns 119,780 shares in the company, valued at $20,239,226.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $180.00, for a total value of $90,000.00. Following the completion of the transaction, the chief executive officer now owns 132,600 shares of the company’s stock, valued at $23,868,000. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,217,010 shares of company stock worth $5,506,442,301. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Up 0.8 %

AMZN opened at $186.21 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.84. Amazon.com, Inc. has a one year low of $103.31 and a one year high of $189.77. The firm has a market capitalization of $1.93 trillion, a P/E ratio of 52.16, a price-to-earnings-growth ratio of 1.55 and a beta of 1.15. The company has a fifty day moving average price of $178.79 and a 200-day moving average price of $159.95.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. The business had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.31 EPS. Equities research analysts expect that Amazon.com, Inc. will post 4.12 earnings per share for the current fiscal year.

Amazon.com Company 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.