Warner Financial Inc. Raises Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Warner Financial Inc. grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,609 shares of the e-commerce giant’s stock after acquiring an additional 79 shares during the quarter. Warner Financial Inc.’s holdings in Amazon.com were worth $852,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in AMZN. PayPay Securities Corp raised its holdings in Amazon.com by 54.3% in the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after acquiring an additional 94 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Amazon.com by 45.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 86 shares during the last quarter. Bruce G. Allen Investments LLC purchased a new position in Amazon.com during the fourth quarter worth approximately $57,000. Authentikos Wealth Advisory LLC purchased a new position in Amazon.com during the third quarter worth approximately $49,000. Finally, AM Squared Ltd purchased a new position in Amazon.com during the third quarter worth approximately $76,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AMZN has been the topic of a number of analyst reports. Wolfe Research lifted their price objective on Amazon.com from $195.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Moffett Nathanson reiterated a “buy” rating and set a $228.00 price objective on shares of Amazon.com in a research report on Thursday, April 11th. Maxim Group reduced their price objective on Amazon.com from $318.00 to $238.00 and set a “buy” rating on the stock in a research report on Wednesday. Truist Financial lifted their price objective on Amazon.com from $216.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Citigroup lifted their target price on Amazon.com from $235.00 to $245.00 and gave the company a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $211.07.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 5,998,849 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the completion of the sale, the insider now directly owns 982,252,968 shares of the company’s stock, valued at approximately $167,140,165,034.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Jeffrey P. Bezos sold 2,009,208 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $166.79, for a total transaction of $335,115,802.32. Following the completion of the transaction, the insider now directly owns 938,251,817 shares of the company’s stock, valued at approximately $156,491,020,557.43. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the transaction, the insider now directly 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 sold a total of 32,217,010 shares of company stock valued at $5,506,442,301 in the last ninety days. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Up 0.8 %

Amazon.com stock opened at $186.21 on Friday. Amazon.com, Inc. has a fifty-two week low of $103.31 and a fifty-two 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 company has a market capitalization of $1.93 trillion, a P/E ratio of 52.16, a PEG ratio of 1.55 and a beta of 1.15. The stock has a 50-day simple moving average of $178.79 and a 200-day simple moving average of $159.95.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data 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. The firm had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The firm’s revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.31 EPS. Equities research analysts expect that Amazon.com, Inc. will post 4.12 earnings per share for the current year.

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.