BIP Wealth LLC Boosts Position in Amazon.com, Inc. (NASDAQ:AMZN)

BIP Wealth LLC lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 5.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,761 shares of the e-commerce giant’s stock after purchasing an additional 619 shares during the quarter. BIP Wealth LLC’s holdings in Amazon.com were worth $1,622,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of AMZN. Mayflower Financial Advisors LLC increased its position in Amazon.com by 0.3% during the third quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock valued at $25,000 after acquiring an additional 572 shares during the last quarter. PayPay Securities Corp increased its position in Amazon.com by 54.3% during 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. Laurel Wealth Planning LLC increased its position in Amazon.com by 1,900.0% during the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after acquiring an additional 304 shares during the last quarter. Sanctuary Wealth Management L.L.C. purchased a new stake in Amazon.com during the fourth quarter valued at $37,000. Finally, Swaine & Leidel Wealth Services LLC purchased a new stake in Amazon.com during the first quarter valued at $38,000. Hedge funds and other institutional investors own 57.96% of the company’s stock.

Amazon.com Trading Down 0.7 %

Shares of NASDAQ AMZN opened at $173.54 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. The business’s 50 day moving average price is $159.94 and its 200-day moving average price is $145.36. Amazon.com, Inc. has a fifty-two week low of $88.12 and a fifty-two week high of $176.37. The company has a market cap of $1.80 trillion, a price-to-earnings ratio of 59.84, a PEG ratio of 1.53 and a beta of 1.14.

Amazon.com (NASDAQ:AMZNGet Free Report) last issued its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The firm had revenue of $169.96 billion for the quarter, compared to the consensus estimate of $165.96 billion. During the same period in the prior year, the business posted $0.21 earnings per share. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. On average, sell-side analysts expect that Amazon.com, Inc. will post 4.06 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of research reports. Tigress Financial upped their price objective on Amazon.com from $204.00 to $210.00 and gave the company a “buy” rating in a research report on Friday, November 10th. HSBC assumed coverage on Amazon.com in a research report on Thursday, November 2nd. They issued a “buy” rating and a $160.00 price target for the company. Truist Financial upped 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. Mizuho upped their price target on Amazon.com from $220.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Finally, StockNews.com upgraded Amazon.com from a “hold” rating to a “buy” rating in a research report on Wednesday, November 1st. One research analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $197.95.

View Our Latest Research Report on AMZN

Insiders Place Their Bets

In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction 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 transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $20,239,226.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $145.63, for a total transaction of $72,815.00. Following the transaction, the chief executive officer now directly owns 118,560 shares in the company, valued at approximately $17,265,892.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Shelley Reynolds sold 3,100 shares of the firm’s 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 disclosure for this sale can be found here. Insiders have sold 32,155,454 shares of company stock worth $5,495,283,506 in the last ninety days. 12.70% of the stock is owned by company insiders.

About Amazon.com

(Free Report)

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.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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