Charles Schwab Investment Management Inc. increases shares in Amazon.com, Inc. (NASDAQ:AMZN)

Charles Schwab Investment Management Inc., according to its latest 13F filing with the Securities and Exchange Commission. increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 3.0% in the fourth quarter. The institutional investor now owned 51,920,953 shares of the e-commerce giant after acquiring an additional 1,525,922 shares during the quarter. Amazon.com constitutes approximately 2.0% of Charles Schwab Investment Management Inc., making it the third largest company. At the end of the last quarter, Charles Schwab Investment Management Inc. owned approximately 0.50% of Amazon.com worth $7,888,870,000.

Several other hedge funds and other institutional investors also increased or decreased their stakes in the business. Measured Wealth Private Client Group LLC increased its position in shares of Amazon.com by 2.5% during the fourth quarter. Measured Wealth Private Client Group LLC now owns 2,562 shares of the e-commerce giant’s stock valued at $389,000 after purchasing an additional 62 shares in the last quarter. Socha Financial Group LLC increased its position in shares of Amazon.com by 3.3% in the 4th quarter. Socha Financial Group LLC now owns 1,991 shares of the e-commerce giant’s stock worth $303,000 after purchasing an additional 63 shares in the last quarter. Lake Hills Wealth Management LLC increased its position in shares of 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 valued at $1,213,000 after purchasing an additional 65 shares in the last quarter. Veery Capital LLC increased its position in shares of Amazon.com by 1.1% during the 4th quarter. Veery Capital LLC now owns 5,890 shares of the e-commerce giant’s stock valued at $895,000 after purchasing an additional 66 shares in the last quarter. Finally, Bellwether Advisors LLC raised its position in shares of Amazon.com by 2.3% during the fourth quarter. Bellwether Advisors LLC now owns 2,936 shares of the e-commerce giant’s stock valued at $446,000 after purchasing an additional 66 shares in the last quarter. 72.20% of the shares are in the hands of institutional investors.

Buying and selling confidential information

In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction amount of $90,000.00. Following the sale, the CEO now directly owns 132,600 shares of the company’s stock, valued at approximately $23,868,000. The sale was disclosed in a document filed with the Securities and Exchange Commission, which is available at this hyperlink. In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction amount of $90,000.00. Following the sale, the CEO now directly owns 132,600 shares of the company’s stock, valued at approximately $23,868,000. The sale was disclosed in a document filed with the Securities and Exchange Commission, which is available at this hyperlink. Additionally, CEO Andrew R. Jassy sold 50,000 shares of Amazon.com stock in a transaction on Monday, March 4. The shares were sold at an average price of $180.00, for a total transaction amount of $9,000,000.00. Following the sale, the CEO now owns 1,994,182 shares of the company’s stock valued at $358,952,760. The announcement of this sale can be found here. Over the last ninety days, insiders have sold 117,894 shares of company stock worth $21,363,909. 10.80% of the shares are owned by corporate insiders.

Amazon.com pricing performance

AMZN stock opened Wednesday at $182.15. Amazon.com, Inc. it has a twelve month low of $118.35 and a twelve month high of $191.70. The company’s fifty-day simple moving average is $182.29 and its 200-day simple moving average is $166.95. The company has a market capitalization of $1.90 trillion, a price-to-earnings ratio of 51.02, a PEG ratio of 1.29 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 released its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported earnings per share of $0.98 for the quarter, $0.15 above the analyst consensus of $0.83. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. 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 earned $0.31 EPS. The company’s revenues increased by 12.5% ​​year-on-year. Stock analysts predict that Amazon.com, Inc. will report 4.72 EPS for the current financial year.

Wall Street analysts predict growth

AMZN has been the subject of several research reports. Telsey Advisory Group raised their target price on shares of Amazon.com from $200.00 to $215.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. JMP Securities affirmed a Market Outperform rating and set a $225.00 price target on shares of Amazon.com in a research note on Wednesday, May 1st. Benchmark reaffirmed a “buy” rating and set a $200.00 price target on shares of Amazon.com in a research note on Wednesday, May 1st. DA Davidson affirmed a “buy” rating and set a $235.00 price target on shares of Amazon.com in a research note on Thursday, April 18th. Finally, JPMorgan Chase & Co. raised their target price on shares of Amazon.com from $225.00 to $240.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. One analyst has rated the company’s stock with a hold rating, forty-four have issued a buy rating to the company’s stock and one has rated the company’s stock with a strong buy rating. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $211.62.

See our latest research report on AMZN

About Amazon.com

(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.

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