Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Acorns Advisers LLC

Acorns Advisers LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 14.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 20,593 shares of the e-commerce giant’s stock after buying an additional 2,534 shares during the quarter. Amazon.com comprises about 0.0% of Acorns Advisers LLC’s holdings, making the stock its 26th biggest position. Acorns Advisers LLC’s holdings in Amazon.com were worth $4,518,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Accordant Advisory Group Inc lifted its holdings in shares of Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after purchasing an additional 100 shares in the last quarter. Prudent Man Investment Management Inc. purchased a new stake in shares of Amazon.com in the fourth quarter valued at $27,000. LSV Asset Management purchased a new stake in shares of Amazon.com in the fourth quarter valued at $35,000. Perritt Capital Management Inc lifted its holdings in shares of Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 80 shares in the last quarter. Finally, Quattro Financial Advisors LLC lifted its holdings in shares of Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after purchasing an additional 45 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Up 8.1%

AMZN stock opened at $208.64 on Tuesday. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a market cap of $2.21 trillion, a PE ratio of 37.73, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. The business’s 50-day simple moving average is $188.50 and its 200 day simple moving average is $208.25. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The business had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same period last year, the business earned $0.98 earnings per share. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AMZN. HSBC upped their price target on shares of Amazon.com from $225.00 to $270.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Piper Sandler reaffirmed an “overweight” rating and issued a $212.00 price target (down from $215.00) on shares of Amazon.com in a research note on Friday, May 2nd. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Amazon.com from $287.00 to $206.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Mizuho dropped their price target on shares of Amazon.com from $285.00 to $255.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. Finally, Citizens Jmp dropped their price target on shares of Amazon.com from $285.00 to $240.00 and set an “outperform” rating on the stock in a research note on Monday, April 14th. Four investment analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $244.09.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $190.67, for a total transaction of $476,675.00. Following the sale, the chief executive officer now directly owns 506,974 shares of the company’s stock, valued at $96,664,732.58. This trade represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Shelley Reynolds sold 8,833 shares of Amazon.com stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $26,647,456.60. This trade represents a 6.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 107,298 shares of company stock valued at $23,818,478 over the last three months. 9.70% of the stock is owned by corporate 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.