Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Inlet Private Wealth LLC

Inlet Private Wealth LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 9.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,057 shares of the e-commerce giant’s stock after purchasing an additional 520 shares during the quarter. Inlet Private Wealth LLC’s holdings in Amazon.com were worth $920,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of AMZN. Vanguard Group Inc. lifted its position in Amazon.com by 4.4% during 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 during the period. International Assets Investment Management LLC raised its stake 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 valued at $36,260,810,000 after buying an additional 23,717,254 shares during the last quarter. FMR LLC raised its stake in shares of Amazon.com by 7.7% during 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 buying an additional 21,649,871 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of Amazon.com by 28.4% in the 3rd quarter. Jennison Associates LLC now owns 54,981,548 shares of the e-commerce giant’s stock valued at $6,989,254,000 after buying an additional 12,176,114 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC purchased a new stake in shares of Amazon.com in the third quarter worth about $610,138,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AMZN. Piper Sandler lifted their price target on Amazon.com from $185.00 to $205.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $205.00 target price on shares of Amazon.com in a report on Thursday, April 18th. Roth Mkm reissued a “buy” rating and set a $205.00 price target on shares of Amazon.com in a report on Tuesday, April 16th. Royal Bank of Canada raised 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. Finally, TD Cowen upped their price objective on shares of Amazon.com from $200.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $205.13.

Insider Activity

In related news, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was 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 in the company, valued at $20,239,226.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the sale, the vice president now owns 119,780 shares in the company, valued at $20,239,226.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total value of $77,860.00. Following the transaction, the chief executive officer now owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,214,010 shares of company stock valued at $5,505,889,146. 10.30% of the stock is currently owned by company insiders.

Amazon.com Stock Up 3.4 %

Shares of AMZN opened at $179.62 on Friday. The stock has a fifty day simple moving average of $177.99 and a two-hundred day simple moving average of $158.59. 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 company has a market capitalization of $1.87 trillion, a PE ratio of 61.94, a price-to-earnings-growth ratio of 1.53 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.

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