BetterWealth LLC Acquires 420 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

BetterWealth LLC raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,576 shares of the e-commerce giant’s stock after purchasing an additional 420 shares during the quarter. Amazon.com accounts for about 0.4% of BetterWealth LLC’s portfolio, making the stock its 25th largest position. BetterWealth LLC’s holdings in Amazon.com were worth $1,151,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in AMZN. State Street Corp lifted its holdings in shares of Amazon.com by 1,869.1% in the 2nd quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock worth $34,701,726,000 after acquiring an additional 310,134,486 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Amazon.com by 1,838.8% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock worth $33,134,481,000 after acquiring an additional 295,880,050 shares during the last quarter. FMR LLC lifted its holdings in shares of Amazon.com by 1,792.4% in the 2nd quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after acquiring an additional 270,931,640 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its holdings in shares of Amazon.com by 120,235.9% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 116,480,298 shares of the e-commerce giant’s stock worth $9,784,345,000 after acquiring an additional 116,383,502 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Amazon.com in the 4th quarter worth about $8,263,591,000. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In related news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total value of $77,860.00. Following the completion of the sale, the chief executive officer now owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider Jeffrey P. Bezos sold 2,009,208 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $166.79, for a total transaction of $335,115,802.32. Following the completion of the sale, the insider now owns 938,251,817 shares of the company’s stock, valued at $156,491,020,557.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the sale, the chief executive officer now directly owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,213,510 shares of company stock valued at $5,505,798,456. 12.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of research reports. Roth Mkm reissued a “buy” rating and set a $205.00 target price on shares of Amazon.com in a research report on Tuesday. Moffett Nathanson reissued a “buy” rating and set a $228.00 target price on shares of Amazon.com in a research report on Thursday, April 11th. Piper Sandler raised their target price on shares of Amazon.com from $185.00 to $205.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Canaccord Genuity Group raised their target price on shares of Amazon.com from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Finally, Needham & Company LLC lifted their price objective on shares of Amazon.com from $175.00 to $205.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Amazon.com presently has an average rating of “Buy” and an average target price of $202.80.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $181.28 on Thursday. The firm has a market cap of $1.89 trillion, a PE ratio of 62.51, a PEG ratio of 1.60 and a beta of 1.16. The firm has a fifty day moving average of $177.09 and a 200 day moving average of $156.36. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. Amazon.com, Inc. has a one year low of $101.15 and a one year high of $189.77.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, topping the consensus estimate of $0.81 by $0.19. The company had revenue of $169.96 billion during the quarter, compared to analyst estimates of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The firm’s revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.21 EPS. As a group, research analysts predict that Amazon.com, Inc. will post 4.08 EPS for the current fiscal year.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.