Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Lifted by Insight Inv LLC

Insight Inv LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 10.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 18,530 shares of the e-commerce giant’s stock after buying an additional 1,740 shares during the quarter. Amazon.com makes up about 2.8% of Insight Inv LLC’s holdings, making the stock its 3rd largest holding. Insight Inv LLC’s holdings in Amazon.com were worth $4,065,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in AMZN. Rench Wealth Management Inc. boosted its holdings in shares of Amazon.com by 7.9% during the third quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant’s stock worth $9,392,000 after purchasing an additional 3,703 shares during the period. Foundations Investment Advisors LLC boosted its holdings in shares of Amazon.com by 9.7% during the third quarter. Foundations Investment Advisors LLC now owns 184,594 shares of the e-commerce giant’s stock worth $34,395,000 after purchasing an additional 16,392 shares during the period. Blankinship & Foster LLC boosted its holdings in shares of Amazon.com by 216.4% during the third quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant’s stock worth $1,291,000 after purchasing an additional 4,740 shares during the period. Umpqua Bank boosted its holdings in shares of Amazon.com by 0.4% during the third quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant’s stock worth $6,544,000 after purchasing an additional 137 shares during the period. Finally, One Wealth Capital Management LLC acquired a new stake in shares of Amazon.com during the fourth quarter worth approximately $4,270,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of analyst reports. The Goldman Sachs Group lifted their target price on shares of Amazon.com from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Piper Sandler reiterated an “overweight” rating and issued a $265.00 target price (up from $225.00) on shares of Amazon.com in a research note on Friday, February 7th. Royal Bank of Canada lifted their target price on shares of Amazon.com from $255.00 to $265.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. HSBC lifted their target price on shares of Amazon.com from $225.00 to $270.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Finally, Tigress Financial lifted their price target on shares of Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and an average price target of $260.74.

Amazon.com Trading Up 0.6 %

Shares of AMZN stock opened at $230.37 on Friday. The firm has a fifty day moving average of $227.98 and a 200-day moving average of $201.78. 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, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The stock has a market cap of $2.42 trillion, a price-to-earnings ratio of 41.66, a P/E/G ratio of 1.36 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 25.49%. On average, equities research analysts forecast that Amazon.com, Inc. will post 6.24 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the sale, the director now owns 24,912 shares of the company’s stock, valued at $4,958,982.72. This represents a 4.73 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the sale, the director now directly owns 88,203 shares in the company, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 24,348 shares of company stock valued at $5,036,214. 10.80% of the stock is owned by insiders.

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.