Concord Wealth Partners owns shares of Amazon.com, Inc. worth $4.78 million (NASDAQ:AMZN)

According to the latest 13F filing with the Securities and Exchange Commission, Concord Wealth Partners increased its position in Amazon.com, Inc. shares. (NASDAQ:AMZN – Free Report) up 25.0% in the fourth quarter. The fund owned 31,427 shares of the e-commerce giant after acquiring an additional 6,290 shares during the quarter. Amazon.com accounts for 1.0% of Concord Wealth Partners, making it the 26th largest company. At the end of the last quarter, Concord Wealth Partners’ stock in Amazon.com was worth $4,775,000.

Many other large investors have also recently bought and sold the company’s shares. PayPay Securities Corp increased its holdings in shares of 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 purchasing an additional 94 shares in 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 in the last quarter. Strid Group LLC acquired a new stake in shares of Amazon.com during the fourth quarter worth approximately $43,000. Bruce G. Allen Investments LLC bought a new stake in shares of Amazon.com during the 4th quarter worth $57,000. Finally, Authentikos Wealth Advisory LLC bought a new stake in shares of Amazon.com during the third quarter worth $49,000. Institutional investors and hedge funds hold 72.20% of the company’s shares.

A Wall Street analyst weighs in

Many research firms have recently commented on AMZN. Stifel Nicolaus increased their price target on Amazon.com from $224.00 to $228.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Sanford C. Bernstein increased their price target on Amazon.com from $175.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. UBS Group raised their target price on Amazon.com from $215.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Royal Bank of Canada increased their price target on Amazon.com from $180.00 to $215.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Finally, Mizuho increased their price target on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. One analyst rated the stock with a hold rating, forty-four rated the stock with a buy rating and one gave it a strong buy rating. The company currently has a consensus rating of “Buy” and an average price target of $211.62, according to MarketBeat.

Read our latest stock analysis on AMZN

Amazon.com stock performance

AMZN stock opened Friday at $181.05. The company’s 50-day moving average price is $181.91 and its 200-day moving average price is $165.77. Amazon.com, Inc. it has a 12 month low of $114.31 and a 12 month high of $191.70. The company has a market capitalization of $1.88 trillion, a price-to-earnings ratio of 50.71, a PEG ratio of 1.32 and a beta of 1.15. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt to equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported EPS of $0.98 for the quarter, topping analysts’ consensus estimates 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’s revenue for the quarter was $143.31 billion, compared to analyst estimates of $142.65 billion. During the same period last year, the company reported earnings per share of $0.31. The company’s revenue for the quarter was up 12.5% ​​year-over-year. Stock research analysts predict that Amazon.com, Inc. it will record 4.67 EPS for the current year.

Confidential activity

In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total value of $90,000.00. Following the transaction, the CEO now directly owns 132,600 shares of the company’s stock, valued at $23,868,000. The transaction was disclosed in a legal filing with the Securities and Exchange Commission, available at this hyperlink. In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total value of $90,000.00. Following the transaction, the CEO now directly owns 132,600 shares of the company’s stock, valued at $23,868,000. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which is available at this hyperlink. Additionally, Vice President Shelley Reynolds sold 2,700 shares of Amazon.com stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total value of $489,753.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The announcement of this sale can be found here. Over the last three months, insiders sold 117,894 shares of company stock worth $21,363,909. Currently, 10.80% of the shares are owned by corporate insiders.

Amazon.com profile

(free report)

Amazon.com, Inc. retails consumer products, advertising and subscription services through online and physical stores in North America and abroad. The company operates in three segments: North America, International and Amazon Web Services (AWS). It also manufactures and sells electronic devices including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink and eero; and develops and produces media content.

Featured Stories

Get daily news and ratings for Amazon.com – Enter your email address below to receive a daily concise summary of the latest news and analyst ratings for Amazon.com and related companies with MarketBeat.com’s FREE daily email newsletter.