RDA Financial Network Has $7.23 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

RDA Financial Network raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,785 shares of the e-commerce giant’s stock after acquiring an additional 2,051 shares during the period. Amazon.com makes up 2.2% of RDA Financial Network’s holdings, making the stock its 9th largest position. RDA Financial Network’s holdings in Amazon.com were worth $7,227,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Watershed Private Wealth LLC lifted its stake in shares of Amazon.com by 10.0% in the 3rd quarter. Watershed Private Wealth LLC now owns 15,975 shares of the e-commerce giant’s stock worth $2,977,000 after acquiring an additional 1,450 shares during the period. Trust Co. of Oklahoma lifted its position in Amazon.com by 12.3% in the third quarter. Trust Co. of Oklahoma now owns 25,685 shares of the e-commerce giant’s stock worth $4,786,000 after purchasing an additional 2,811 shares during the period. Swedbank AB boosted its stake in Amazon.com by 1.4% during the 3rd quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant’s stock valued at $2,484,864,000 after purchasing an additional 183,610 shares in the last quarter. Zhang Financial LLC increased its position in shares of Amazon.com by 12.9% during the 3rd quarter. Zhang Financial LLC now owns 51,091 shares of the e-commerce giant’s stock valued at $9,520,000 after purchasing an additional 5,828 shares during the period. Finally, Hayek Kallen Investment Management raised its stake in shares of Amazon.com by 4.1% in the 3rd quarter. Hayek Kallen Investment Management now owns 21,647 shares of the e-commerce giant’s stock worth $4,033,000 after buying an additional 847 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Up 1.0 %

Shares of AMZN stock opened at $208.91 on Wednesday. The stock’s 50 day simple moving average is $188.40 and its 200 day simple moving average is $184.95. Amazon.com, Inc. has a twelve month low of $139.52 and a twelve month high of $212.25. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The company has a market capitalization of $2.20 trillion, a price-to-earnings ratio of 44.73, a PEG ratio of 1.40 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The company had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.85 earnings per share. As a group, research analysts predict that Amazon.com, Inc. will post 5.27 EPS for the current year.

Insiders Place Their Bets

In other news, Director Jonathan Rubinstein sold 4,766 shares of Amazon.com stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $209.85, for a total value of $1,000,145.10. Following the transaction, the director now directly owns 94,630 shares in the company, valued at approximately $19,858,105.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Jonathan Rubinstein sold 4,766 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $209.85, for a total value of $1,000,145.10. Following the completion of the sale, the director now directly owns 94,630 shares of the company’s stock, valued at approximately $19,858,105.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 3,791 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the transaction, the vice president now directly owns 121,461 shares in the company, valued at $21,989,299.44. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,053,349 shares of company stock valued at $1,256,503,289 in the last quarter. Insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Robert W. Baird lifted their target price on Amazon.com from $213.00 to $220.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Benchmark lifted their price objective on shares of Amazon.com from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Piper Sandler increased their target price on shares of Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Truist Financial lifted their price target on shares of Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, DA Davidson reiterated a “buy” rating and set a $235.00 price objective on shares of Amazon.com in a research report on Thursday, October 10th. Two equities research analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $234.55.

Amazon.com Company 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.