Amazon.com, Inc. (NASDAQ:AMZN) is United Capital Management of KS Inc.’s 5th Largest Position

United Capital Management of KS Inc. grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 5.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,898 shares of the e-commerce giant’s stock after acquiring an additional 4,496 shares during the period. Amazon.com accounts for 3.8% of United Capital Management of KS Inc.’s holdings, making the stock its 5th biggest holding. United Capital Management of KS Inc.’s holdings in Amazon.com were worth $12,444,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the stock. PayPay Securities Corp grew its holdings in Amazon.com by 54.3% during the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after acquiring an additional 94 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of Amazon.com by 45.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after purchasing an additional 86 shares during the period. Bruce G. Allen Investments LLC bought a new position in shares of Amazon.com during the fourth quarter valued at approximately $57,000. Authentikos Wealth Advisory LLC purchased a new position in Amazon.com during the third quarter valued at approximately $49,000. Finally, AM Squared Ltd bought a new position in Amazon.com in the third quarter worth approximately $76,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $20,239,226.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP David Zapolsky sold 10,920 shares of Amazon.com stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $169.21, for a total value of $1,847,773.20. Following the sale, the senior vice president now directly owns 59,100 shares of the company’s stock, valued at $10,000,311. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total value of $523,807.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $20,239,226.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,214,010 shares of company stock worth $5,505,889,146. Company insiders own 10.30% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the topic of a number of analyst reports. Bank of America lifted their price target on Amazon.com from $185.00 to $204.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Wedbush lifted their target price on Amazon.com from $220.00 to $225.00 and gave the company an “outperform” rating in a research note on Wednesday. Royal Bank of Canada increased their price target on shares of Amazon.com from $180.00 to $215.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Truist Financial lifted their price objective on shares of Amazon.com from $195.00 to $216.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Finally, UBS Group increased their target price on shares of Amazon.com from $198.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday. One equities research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $205.13.

Amazon.com Price Performance

NASDAQ:AMZN opened at $173.67 on Friday. The stock has a market capitalization of $1.80 trillion, a PE ratio of 59.89, a price-to-earnings-growth ratio of 1.56 and a beta of 1.16. Amazon.com, Inc. has a 52 week low of $101.15 and a 52 week high of $189.77. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. The stock’s 50-day moving average price is $177.79 and its 200-day moving average price is $158.23.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The business had revenue of $169.96 billion during the quarter, compared to analysts’ expectations of $165.96 billion. During the same period in the previous year, the business earned $0.21 earnings per share. The business’s revenue was up 13.9% compared to the same quarter last year. As a group, equities analysts expect that Amazon.com, Inc. will post 4.1 EPS for the current fiscal year.

About Amazon.com

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.