Soltis Investment Advisors LLC Raises Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Soltis Investment Advisors LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 6.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 108,578 shares of the e-commerce giant’s stock after purchasing an additional 6,317 shares during the period. Amazon.com comprises approximately 1.9% of Soltis Investment Advisors LLC’s portfolio, making the stock its 10th biggest holding. Soltis Investment Advisors LLC’s holdings in Amazon.com were worth $16,497,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of AMZN. PayPay Securities Corp raised its position in shares of Amazon.com by 54.3% in the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 94 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. raised 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. Authentikos Wealth Advisory LLC purchased a new position in shares of Amazon.com in the 3rd quarter worth about $49,000. Bruce G. Allen Investments LLC purchased a new position in shares of Amazon.com in the 4th quarter worth about $57,000. Finally, AM Squared Ltd purchased a new position in shares of Amazon.com in the 3rd quarter worth about $76,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Up 3.4 %

Shares of AMZN opened at $179.62 on Friday. The stock has a market capitalization of $1.87 trillion, a price-to-earnings ratio of 61.94, a price-to-earnings-growth ratio of 1.50 and a beta of 1.16. Amazon.com, Inc. has a 1 year low of $101.15 and a 1 year high of $189.77. The business’s 50 day simple moving average is $177.99 and its 200-day simple moving average is $158.79. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.19. The business had revenue of $169.96 billion for the quarter, compared to analysts’ expectations of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.21 EPS. As a group, equities analysts expect that Amazon.com, Inc. will post 4.11 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Adam Selipsky sold 500 shares of the 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 sale, the chief executive officer now owns 116,560 shares in the company, valued at approximately $18,150,723.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew R. Jassy sold 50,000 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $168.65, for a total value of $8,432,500.00. Following the sale, the chief executive officer now owns 2,014,055 shares in the company, valued at approximately $339,670,375.75. The disclosure for this sale can be found here. Insiders have sold 32,214,010 shares of company stock valued at $5,505,889,146 in the last ninety days. Corporate insiders own 10.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AMZN. Robert W. Baird boosted their target price on Amazon.com from $185.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. TD Cowen boosted their target price on Amazon.com from $200.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Truist Financial boosted their target price on Amazon.com from $195.00 to $216.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Wolfe Research boosted their target price on Amazon.com from $195.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Finally, Maxim Group began coverage on Amazon.com in a research report on Wednesday, April 17th. They issued a “buy” rating and a $218.00 target price for the company. One equities research 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 company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $205.13.

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.