Insight Advisors LLC PA Boosts Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Insight Advisors LLC PA lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 45,274 shares of the e-commerce giant’s stock after purchasing an additional 998 shares during the period. Amazon.com accounts for approximately 1.5% of Insight Advisors LLC PA’s portfolio, making the stock its 5th biggest holding. Insight Advisors LLC PA’s holdings in Amazon.com were worth $6,879,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in AMZN. State Street Corp increased its stake in shares of 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 worth $34,701,726,000 after purchasing an additional 310,134,486 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Amazon.com by 1,838.8% during 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 acquiring an additional 295,880,050 shares during the period. FMR LLC increased its stake in Amazon.com by 1,792.4% during 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 acquiring an additional 270,931,640 shares during the period. Moneta Group Investment Advisors LLC increased its stake in 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 acquiring an additional 116,383,502 shares during the period. Finally, Norges Bank bought a new position in Amazon.com during the fourth quarter valued at about $8,263,591,000. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AMZN has been the topic of several research reports. Sanford C. Bernstein boosted their price target on Amazon.com from $175.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Wolfe Research boosted their price target on Amazon.com from $195.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Roth Mkm restated a “buy” rating and set a $205.00 price target on shares of Amazon.com in a research note on Tuesday. Oppenheimer boosted their price target on Amazon.com from $200.00 to $210.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Finally, Benchmark lifted their price objective on Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com has an average rating of “Buy” and a consensus price target of $202.80.

Insider Activity

In other news, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $184.00, for a total value of $92,000.00. Following the transaction, the chief executive officer now owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $184.00, for a total value of $92,000.00. Following the transaction, the chief executive officer now owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the sale, the insider now directly owns 982,252,968 shares in the company, valued at approximately $167,140,165,034.88. The disclosure for this sale can be found here. Insiders have sold a total of 32,213,510 shares of company stock valued at $5,505,798,456 in the last 90 days. 12.30% of the stock is owned by company insiders.

Amazon.com Stock Performance

AMZN stock opened at $179.22 on Friday. The business’s fifty day moving average is $177.28 and its 200-day moving average is $156.52. 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 cap of $1.86 trillion, a P/E ratio of 61.80, a price-to-earnings-growth ratio of 1.60 and a beta of 1.16. Amazon.com, Inc. has a twelve month low of $101.15 and a twelve month high of $189.77.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. The company had revenue of $169.96 billion for the quarter, compared to the consensus estimate of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.21 EPS. Equities research analysts forecast that Amazon.com, Inc. will post 4.08 EPS for the current year.

Amazon.com 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.