Cadent Capital Advisors LLC Has $316,000 Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Cadent Capital Advisors LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 11.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,078 shares of the e-commerce giant’s stock after purchasing an additional 214 shares during the quarter. Cadent Capital Advisors LLC’s holdings in Amazon.com were worth $316,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of AMZN. State Street Corp boosted its stake in Amazon.com by 1,869.1% in the second quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock valued at $34,701,726,000 after buying an additional 310,134,486 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Amazon.com by 1,838.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock valued at $33,134,481,000 after buying an additional 295,880,050 shares in the last quarter. FMR LLC boosted its stake in Amazon.com by 1,792.4% in the second quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock valued at $30,381,089,000 after buying an additional 270,931,640 shares in the last quarter. Moneta Group Investment Advisors LLC boosted its stake in shares of Amazon.com by 120,235.9% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 116,480,298 shares of the e-commerce giant’s stock valued at $9,784,345,000 after purchasing an additional 116,383,502 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Amazon.com during the fourth quarter valued at about $8,263,591,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on AMZN. Stifel Nicolaus lifted their price target on Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Bank of America lifted their target price on Amazon.com from $185.00 to $204.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Monness Crespi & Hardt lifted their target price on Amazon.com from $170.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Truist Financial reiterated a “buy” rating and issued a $195.00 target price on shares of Amazon.com in a report on Friday, March 22nd. Finally, Royal Bank of Canada lifted their target price on Amazon.com from $180.00 to $215.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $198.09.

Get Our Latest Research Report on Amazon.com

Amazon.com Stock Up 1.0 %

AMZN stock opened at $182.41 on Thursday. The stock’s fifty day simple moving average is $172.35 and its two-hundred day simple moving average is $152.39. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. Amazon.com, Inc. has a 1-year low of $97.71 and a 1-year high of $183.00. The stock has a market cap of $1.89 trillion, a P/E ratio of 62.90, a P/E/G ratio of 1.58 and a beta of 1.16.

Amazon.com (NASDAQ:AMZNGet Free Report) last posted its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $165.96 billion. During the same quarter in the previous year, the firm earned $0.21 earnings per share. The business’s revenue was up 13.9% on a year-over-year basis. Analysts expect that Amazon.com, Inc. will post 4.08 EPS for the current year.

Insiders Place Their Bets

In other news, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total transaction of $523,807.00. Following the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total transaction of $523,807.00. Following the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Adam Selipsky sold 500 shares of the company’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 transaction, the chief executive officer now directly owns 116,560 shares in the company, valued at approximately $18,150,723.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,213,510 shares of company stock valued at $5,505,782,846. Insiders own 12.70% of the company’s stock.

Amazon.com Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZNFree Report).

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.