SRS Capital Advisors Inc. grew its stake in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 32.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,541 shares of the e-commerce giant’s stock after buying an additional 7,988 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Amazon.com were worth $4,137,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Mayflower Financial Advisors LLC increased its position in Amazon.com by 0.3% during the 3rd quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock worth $25,000 after purchasing an additional 572 shares in the last quarter. PayPay Securities Corp increased its holdings in Amazon.com by 54.3% during the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after buying an additional 94 shares during the last quarter. Laurel Wealth Planning LLC lifted its stake in shares of Amazon.com by 1,900.0% during the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after buying an additional 304 shares in the last quarter. Sanctuary Wealth Management L.L.C. bought a new stake in shares of Amazon.com during the fourth quarter valued at about $37,000. Finally, Swaine & Leidel Wealth Services LLC bought a new stake in Amazon.com during the first quarter worth about $38,000. 57.96% of the stock is owned by institutional investors.
Amazon.com Stock Up 2.0 %
AMZN stock opened at $175.39 on Wednesday. The stock has a market capitalization of $1.82 trillion, a PE ratio of 60.48, a price-to-earnings-growth ratio of 1.53 and a beta of 1.17. The company has a fifty day moving average of $164.46 and a 200-day moving average of $148.20. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. Amazon.com, Inc. has a one year low of $88.12 and a one year high of $180.14.
Analyst Ratings Changes
AMZN has been the topic of a number of analyst reports. Robert W. Baird lifted their target price on shares of Amazon.com from $185.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Raymond James upped their target price on Amazon.com from $185.00 to $200.00 and gave the stock a “strong-buy” rating in a report on Friday, February 2nd. Canaccord Genuity Group raised their price objective on Amazon.com from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Piper Sandler boosted their price objective on shares of Amazon.com from $185.00 to $205.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Finally, Truist Financial boosted their price target on Amazon.com from $180.00 to $195.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $197.95.
Read Our Latest Stock Analysis on AMZN
Insider Activity
In related news, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction 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 transaction, the vice president now owns 119,780 shares in the company, valued at $20,239,226.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Jeffrey P. Bezos sold 5,998,849 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the completion of the sale, the insider now owns 982,252,968 shares of the company’s stock, valued at $167,140,165,034.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Shelley Reynolds sold 3,100 shares of the firm’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 transaction of $523,807.00. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The disclosure for this sale can be found here. Insiders sold a total of 32,210,510 shares of company stock valued at $5,505,209,706 over the last 90 days. Insiders own 12.70% of the company’s stock.
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.
Further Reading
- Five stocks we like better than Amazon.com
- EV Stocks and How to Profit from Them
- Ambarella’s Stock Turning Point: AI Set to Propel Growth in 2024
- Dividend King Proctor & Gamble Is A Buy On Post-Earnings Weakness
- ON Holdings Stock Price Tumbles: Is Now The Time to Buy?
- What to Know About Investing in Penny Stocks
- GameStop Stock Is Giving Investors a Familiar Feeling, But Why?
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.