Steele Capital Management Inc. invests $10.31 million in Amazon.com, Inc. (NASDAQ:AMZN)

According to its latest 13F filing with the Securities and Exchange Commission, Steele Capital Management Inc. acquired a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) in the fourth quarter. The fund purchased 67,828 shares of the e-commerce giant worth approximately $10,306,000.

A number of other large investors also modified their holdings in AMZN. Socha Financial Group LLC increased its position in shares of Amazon.com by 3.3% during the fourth 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 fourth 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. Bellwether Advisors LLC increased 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. Finally, StrategIQ Financial Group LLC increased its position in shares of Amazon.com by 0.3% during the fourth quarter. StrategIQ Financial Group LLC now owns 23,259 shares of the e-commerce giant’s stock valued at $3,534,000 after purchasing an additional 66 shares in the last quarter. Hedge funds and other institutional investors hold 72.20% of the company’s shares.

Insider activity on Amazon.com

In related news, CEO Andrew R. Jassy sold 50,000 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $180.00, for a total value of $9,000,000.00. Following the completion of the transaction, the CEO now owns 1,994,182 shares of the company’s stock valued at $358,952,760. The sale was disclosed in a document filed with the Securities and Exchange Commission, which is available on the SEC’s website. In other Amazon.com news, CEO Andrew R. Jassy sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $180.00, for a total transaction amount of $9,000,000.00. Following the transaction, the CEO now owns 1,994,182 shares of the company’s stock, valued at approximately $358,952,760. The transaction was disclosed in a document filed with the SEC, which is available at this link. Additionally, Director Jonathan Rubinstein sold 5,264 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $190.00, for a total value of $1,000,160.00. Following the transaction, the director now directly owns 104,400 shares of the company’s stock, valued at approximately $19,836,000. The announcement of this sale can be found here. Over the last 90 days, insiders have sold 70,320 shares of company stock worth $12,722,720. Insiders own 10.80% of the company’s shares.

Wall Street analysts predict growth

Several brokerage houses have recently commented on AMZN. Bank of America increased their price target on Amazon.com from $185.00 to $204.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Oppenheimer increased their price target on Amazon.com from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Barclays increased their price target on Amazon.com from $220.00 to $230.00 and gave the stock an “overperform” rating in a report 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 report on Friday, February 2nd. Finally, Truist Financial raised their price target on Amazon.com from $216.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. One analyst rated the stock with a hold rating, forty-four issued a buy rating and one gave a strong buy rating to the stock. Amazon.com currently has a consensus rating of “Buy” and an average price target of $211.62, according to MarketBeat.com.

See our latest analysis on AMZN

Amazon.com pricing performance

AMZN stock opened at $183.15 on Wednesday. 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 1-year low of $113.78 and a 1-year high of $191.70. The company has a market capitalization of $1.91 trillion, a P/E ratio of 51.30, a price-to-earnings ratio of 1.34 and a beta of 1.15. The stock has a 50-day simple moving average of $181.73 and a 200-day simple moving average of $165.54.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, $0.15 above the analyst consensus of $0.83. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. During the same quarter last year, the company earned $0.31 per share. The company’s revenues for this quarter increased by 12.5% ​​compared to the same quarter last year. On average, stock analysts predict that Amazon.com, Inc. will report 4.67 earnings per share for the current fiscal year.

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.

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