Poehling Capital Management INC. increases position in Amazon.com, Inc. (NASDAQ:AMZN)

According to its latest filing with the Securities and Exchange Commission (SEC), Poehling Capital Management INC. increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) up 1.4% in the fourth quarter. The fund owned 29,979 shares of the e-commerce giant after purchasing an additional 426 shares during the period. Amazon.com makes up about 1.4% of Poehling Capital Management INC.’s portfolio, making it the 24th largest company. According to a recent filing with the Securities and Exchange Commission (SEC), shares of Poehling Capital Management INC. on Amazon.com they were worth $4,555,000.

Several other institutional investors also modified their holdings in AMZN. Norges Bank bought a new stake in shares of Amazon.com during the fourth quarter worth approximately $17,700,551,000. Vanguard Group Inc. increased its stake in Amazon.com shares by 4.4% in the third quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock valued at $96,350,832,000 after purchasing an additional 32,038,029 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of Amazon.com by 16,029.3% during the 4th quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock worth $36,260,810,000 after purchasing an additional 23,717,254 shares in the last quarter. FMR LLC increased its holdings in shares of Amazon.com by 7.7% in the 3rd quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after purchasing an additional 21,649,871 shares in the last quarter. Finally, JP Morgan Private Wealth Advisors LLC purchased a new stake in shares of Amazon.com during the third quarter worth approximately $610,138,000. 72.20% of the shares are in the hands of institutional investors.

Confidential activity

In other news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $180.73, for a total value of $632,555.00. Following the completion of the transaction, the CEO now owns 512,858 shares of the company’s stock, valued at approximately $92,688,826.34. The sale was disclosed in a legal filing with the SEC, available at this link. Therefore, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $184.00, for a total value of $92,000.00. Following the completion of the transaction, the CEO now owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The transaction was disclosed in a document filed with the Securities and Exchange Commission, available on the SEC’s website. Additionally, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $180.73 for a total value of $632,555.00. Following the transaction, the CEO now directly owns 512,858 shares of the company’s stock, valued at approximately $92,688,826.34. The announcement of this sale can be found here. In the last quarter, insiders sold a total of 65,838 shares of company stock worth $11,984,344. Currently, 10.80% of the shares are owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently published reports on AMZN. Maxim Group lowered their target price on Amazon.com from $318.00 to $238.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. UBS Group raised their price target on Amazon.com from $215.00 to $217.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. JMP Securities reissued a market outperform rating and set a $225.00 price target on shares of Amazon.com in a research note on Wednesday, May 1st. Truist Financial raised their price target on Amazon.com from $216.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Finally, Citigroup increased their price target on Amazon.com from $235.00 to $245.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. One analyst has rated the company with a hold rating, forty-three analysts have issued a buy rating to the company and one has issued a strong buy rating to the company. According to MarketBeat.com, the consensus rating for the company’s stock is “Buy” and the average price target is $213.82.

Check out our latest report on AMZN

Amazon.com stock performance

AMZN stock opened at $187.06 on Tuesday. 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 company has a 50-day simple moving average of $182.66 and a 200-day simple moving average of $169.27. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. it has a 52-week low of $118.35 and a 52-week high of $191.70.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released quarterly data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, $0.15 above the consensus estimate of $0.83. The company had revenue of $143.31 billion for the quarter, compared to analyst expectations of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company’s revenue for the quarter increased by 12.5% ​​year-over-year. During the same quarter last year, the company saw an EPS of $0.31. On average, stock analysts expect Amazon.com, Inc. it will record 4.72 EPS for the current year.

Amazon.com company 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.

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