Valley National Advisers Inc. Buys 1,538 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Valley National Advisers Inc. increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,378 shares of the e-commerce giant’s stock after buying an additional 1,538 shares during the quarter. Amazon.com accounts for about 1.1% of Valley National Advisers Inc.’s investment portfolio, making the stock its 21st largest position. Valley National Advisers Inc.’s holdings in Amazon.com were worth $7,046,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of AMZN. PayPay Securities Corp raised its stake in shares of Amazon.com by 54.3% in the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after acquiring an additional 94 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. raised its position in 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 valued at $42,000 after purchasing an additional 86 shares during the last quarter. Authentikos Wealth Advisory LLC acquired a new position in Amazon.com in the third quarter worth $49,000. Bruce G. Allen Investments LLC bought a new stake in shares of Amazon.com during the fourth quarter worth $57,000. Finally, AM Squared Ltd acquired a new stake in shares of Amazon.com in the third quarter valued at $76,000. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Performance

Shares of AMZN opened at $173.67 on Friday. The stock has a market capitalization of $1.80 trillion, a price-to-earnings ratio of 59.89, a PEG ratio of 1.56 and a beta of 1.16. Amazon.com, Inc. has a 12 month low of $101.15 and a 12 month high of $189.77. The firm has a fifty day simple moving average of $177.79 and a 200 day simple moving average of $158.23. 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 (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. The company had revenue of $169.96 billion during the quarter, compared to the consensus estimate of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The company’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.21 EPS. Research analysts forecast that Amazon.com, Inc. will post 4.1 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $181.38, for a total value of $90,690.00. Following the completion of the sale, the chief executive officer now owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the company’s 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 sale, the vice president now owns 119,780 shares in the company, valued at $20,239,226.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $181.38, for a total value of $90,690.00. Following the transaction, the chief executive officer now owns 130,600 shares of the company’s stock, valued at $23,688,228. The disclosure for this sale can be found here. Insiders have sold 32,214,010 shares of company stock valued at $5,505,889,146 in the last 90 days. 10.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of research analyst reports. Truist Financial increased their price objective on shares of Amazon.com from $195.00 to $216.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. Maxim Group started coverage on shares of Amazon.com in a report on Wednesday, April 17th. They issued a “buy” rating and a $218.00 price target for the company. Susquehanna upped their price objective on Amazon.com from $185.00 to $220.00 and gave the stock a “positive” rating in a report on Friday, February 2nd. Wells Fargo & Company lifted their target price on Amazon.com from $211.00 to $217.00 and gave the company an “overweight” rating in a research note on Monday, April 1st. Finally, Roth Mkm reiterated a “buy” rating and issued a $205.00 price target on shares of Amazon.com in a report on Tuesday, April 16th. One 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 data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $205.13.

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.