Refined Wealth Management Raises Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Refined Wealth Management increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,335 shares of the e-commerce giant’s stock after purchasing an additional 121 shares during the quarter. Amazon.com accounts for 0.6% of Refined Wealth Management’s portfolio, making the stock its 19th largest position. Refined Wealth Management’s holdings in Amazon.com were worth $811,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMZN. Register Financial Advisors LLC boosted its stake in shares of Amazon.com by 14.3% during the 3rd quarter. Register Financial Advisors LLC now owns 5,263 shares of the e-commerce giant’s stock worth $669,000 after acquiring an additional 657 shares during the last quarter. Wedge Capital Management L L P NC boosted its stake in shares of Amazon.com by 1.0% during the 3rd quarter. Wedge Capital Management L L P NC now owns 14,613 shares of the e-commerce giant’s stock worth $1,858,000 after acquiring an additional 148 shares during the last quarter. Cherrydale Wealth Management LLC boosted its stake in shares of Amazon.com by 14.7% during the 4th quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock worth $799,000 after acquiring an additional 675 shares during the last quarter. Tompkins Financial Corp boosted its stake in shares of Amazon.com by 3.3% during the 4th quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock worth $10,875,000 after acquiring an additional 2,273 shares during the last quarter. Finally, Nicholas Company Inc. boosted its stake in shares of Amazon.com by 3.9% during the 3rd quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock worth $89,628,000 after acquiring an additional 26,465 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

Amazon.com stock opened at $186.13 on Friday. The stock has a market cap of $1.93 trillion, a price-to-earnings ratio of 64.18, a price-to-earnings-growth ratio of 1.65 and a beta of 1.16. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84. Amazon.com, Inc. has a 1 year low of $98.71 and a 1 year high of $189.77. The firm has a 50-day moving average of $176.33 and a two-hundred day moving average of $155.18.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.19. The company had revenue of $169.96 billion during the quarter, compared to analysts’ expectations of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.21 EPS. On average, research analysts forecast that Amazon.com, Inc. will post 4.08 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Susquehanna raised their price objective on shares of Amazon.com from $185.00 to $220.00 and gave the company a “positive” rating in a research report on Friday, February 2nd. Truist Financial restated a “buy” rating and set a $195.00 price objective on shares of Amazon.com in a research report on Friday, March 22nd. The Goldman Sachs Group raised their price objective on shares of Amazon.com from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. JMP Securities raised their price objective on shares of Amazon.com from $175.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Finally, Oppenheimer raised their price objective on shares of Amazon.com from $200.00 to $210.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. One investment 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 company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $201.43.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 5,998,849 shares of the company’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 value 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 approximately $167,140,165,034.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Jeffrey P. Bezos sold 5,998,849 shares of the company’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 value 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 approximately $167,140,165,034.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $152.78, for a total transaction of $76,390.00. Following the completion of the sale, the chief executive officer now directly owns 117,560 shares of the company’s stock, valued at approximately $17,960,816.80. The disclosure for this sale can be found here. Insiders sold a total of 32,214,010 shares of company stock valued at $5,505,874,846 in the last three months. Company insiders own 12.30% of the company’s stock.

Amazon.com Profile

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.