Steward Partners Investment Solutions LLC buys new shares in Amazon.com, Inc. (NASDAQ:AMZN)

Steward Partners Investment Solutions LLC has acquired new shares in Amazon.com, Inc., according to the latest information filed with the SEC. (NASDAQ:AMZN) in the fourth quarter. The institutional investor purchased 30,788 shares of the e-commerce giant’s stock worth approximately $4,678,000. Amazon.com accounts for approximately 1.9% of Steward Partners Investment Solutions LLC, making it the eighth largest company.

A number of other hedge funds also bought and sold shares of the company. TFG Advisers LLC increased its exposure to shares of Amazon.com by 0.8% during the fourth quarter. TFG Advisers LLC now owns 38,242 shares of the e-commerce giant’s stock valued at $5,811,000 after purchasing an additional 298 shares in the last quarter. SWS Partners strengthened its position on Amazon.com by 20.9% in the fourth quarter. SWS Partners now owns 31,223 shares of the e-commerce giant’s stock valued at $4,744,000 after purchasing an additional 5,397 shares in the last quarter. Ratio Wealth Group increased its holdings in shares of Amazon.com by 7.6% during the fourth quarter. Ratio Wealth Group now owns 4,173 shares of the e-commerce giant’s stock valued at $634,000 after purchasing an additional 295 shares in the last quarter. California State Teachers Retirement System increased its holdings in shares of Amazon.com by 1.8% during the fourth quarter. California State Teachers Retirement System now owns 14,878,917 shares of the e-commerce giant’s stock worth $2,260,703,000 after purchasing an additional 267,634 shares in the last quarter. Finally, Carolinas Wealth Consulting LLC increased its holdings in shares of Amazon.com by 1.0% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 35,757 shares of the e-commerce giant’s stock valued at $5,433,000 after acquiring an additional 371 shares in the last quarter. 72.20% of the shares are in the hands of institutional investors.

Analyst Upgrades and Downgrades

AMZN has been the subject of numerous research reports. Needham & Company LLC reiterated a “buy” rating and set a $205.00 price target on shares of Amazon.com in a research report on Wednesday, May 15th. Piper Sandler raised their price target on Amazon.com from $205.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Benchmark maintained a “buy” rating on the stock and set a price target of $200.00 for shares of Amazon.com in a report issued on Wednesday, May 1st. Wells Fargo & Company increased their target price on shares of Amazon.com from $217.00 to $234.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Finally, Truist Financial increased their target price on shares of Amazon.com from $216.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. One analyst rated the company’s shares with a hold rating, forty-three gave a buy rating and one gave a strong buy rating to the company’s shares. Based on data from MarketBeat, Amazon.com’s average rating is currently “Buy” and its average price target is $213.82.

Check out our latest analysis on AMZN

Insider buying and selling on Amazon.com

In other news, on Thursday, March 21st, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction. 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 owns 132,600 shares of the company’s stock, valued at $23,868,000. The transaction was disclosed in a document filed with the SEC, which is available on the SEC’s website. In other news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $177.29, for a total transaction amount of $620,515.00. Following the completion of the transaction, the CEO now owns 523,253 shares of the company’s stock, valued at $92,767,524.37. The sale was disclosed in a legal filing filed with the Securities and Exchange Commission, which can be accessed through the SEC’s website. Additionally, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the CEO now directly owns 132,600 shares of the company’s stock valued at $23,868,000. The announcement of this sale can be found here. Over the last three months, insiders sold a total of 65,838 shares of company stock worth $11,984,344. Company insiders own 10.80% of the company’s shares.

Amazon.com pricing performance

NASDAQ AMZN shares opened at $187.06 on Tuesday. The company has a debt to equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. Amazon.com, Inc. it has a fifty-two week low of $118.35 and a fifty-two week high of $191.70. The company has a market capitalization of $1.95 trillion, a PE ratio of 52.40, a price-to-earnings-growth ratio of 1.32 and a beta of 1.14. The stock has a fifty-day moving average of $182.66 and a 200-day moving average of $169.27.

Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, $0.15 above the consensus estimate of $0.83. 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 expectations of $142.65 billion. During the same period last year, the company reported earnings per share of $0.31. The company’s revenues increased by 12.5% year-on-year. Stock research analysts predict that Amazon.com, Inc. will report 4.72 earnings per share for the current year.

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.

Analyst Upgrades and Downgrades

Insider buying and selling on Amazon.com

Amazon.com pricing performance

About Amazon.com

Further reading