Sax Wealth Advisors LLC acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 27,117 shares of the e-commerce giant's stock, valued at approximately $5,949,000.
Several other institutional investors have also added to or reduced their stakes in the business. Semus Wealth Partners LLC boosted its stake in shares of Amazon.com by 0.3% during the third quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant's stock valued at $3,339,000 after purchasing an additional 49 shares during the period. Bell Investment Advisors Inc raised its holdings in Amazon.com by 1.5% during the 3rd quarter. Bell Investment Advisors Inc now owns 3,359 shares of the e-commerce giant's stock valued at $626,000 after buying an additional 51 shares during the last quarter. O Connor Financial Group LLC boosted its position in Amazon.com by 2.2% during the 3rd quarter. O Connor Financial Group LLC now owns 2,536 shares of the e-commerce giant's stock valued at $473,000 after buying an additional 55 shares during the period. Cherrydale Wealth Management LLC boosted its position in Amazon.com by 0.7% during the 3rd quarter. Cherrydale Wealth Management LLC now owns 7,492 shares of the e-commerce giant's stock valued at $1,396,000 after buying an additional 55 shares during the period. Finally, Cedar Point Capital Partners LLC grew its holdings in Amazon.com by 4.4% in the 3rd quarter. Cedar Point Capital Partners LLC now owns 1,324 shares of the e-commerce giant's stock worth $247,000 after acquiring an additional 56 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have recently weighed in on AMZN shares. Truist Financial increased their target price on shares of Amazon.com from $265.00 to $270.00 and gave the stock a "buy" rating in a report on Friday, November 1st. HSBC upped their price target on Amazon.com from $225.00 to $270.00 and gave the company a "buy" rating in a research report on Monday, January 13th. Needham & Company LLC reiterated a "buy" rating and issued a $250.00 price objective on shares of Amazon.com in a research report on Tuesday, January 21st. Maxim Group upped their target price on Amazon.com from $251.00 to $260.00 and gave the company a "buy" rating in a report on Friday, November 1st. Finally, Wedbush reaffirmed an "outperform" rating and issued a $280.00 price target (up previously from $260.00) on shares of Amazon.com in a research note on Monday, January 27th. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $250.33.
Check Out Our Latest Stock Analysis on AMZN
Shares of AMZN traded up $3.04 during mid-day trading on Friday, reaching $237.68. The stock had a trading volume of 36,098,305 shares, compared to its average volume of 29,222,300. The firm has a market cap of $2.50 trillion, a price-to-earnings ratio of 50.90, a PEG ratio of 1.35 and a beta of 1.14. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $241.77. The business has a fifty day moving average of $223.83 and a 200 day moving average of $198.87. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.
Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.29. The company had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. Amazon.com's quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.85 EPS. Equities analysts predict that Amazon.com, Inc. will post 5.3 EPS for the current year.
In other Amazon.com news, CEO Matthew S. Garman sold 15,260 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the completion of the transaction, the chief executive officer now owns 349,261 shares of the company's stock, valued at $69,918,559.59. This represents a 4.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the firm's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $208.85, for a total value of $625,790,203.70. Following the transaction, the insider now owns 917,416,976 shares of the company's stock, valued at approximately $191,602,535,437.60. The trade was a 0.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,027,340 shares of company stock valued at $1,252,456,773 over the last 90 days. Company insiders own 10.80% of the company's stock.
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.
Before you consider Amazon.com, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Amazon.com wasn't on the list.
While Amazon.com currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.