Burkett Financial Services LLC Acquires 200 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Burkett Financial Services LLC grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,993 shares of the e-commerce giant’s stock after acquiring an additional 200 shares during the period. Amazon.com comprises 0.4% of Burkett Financial Services LLC’s holdings, making the stock its 20th largest holding. Burkett Financial Services LLC’s holdings in Amazon.com were worth $1,095,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Boltwood Capital Management raised its stake in shares of Amazon.com by 2.3% during the fourth quarter. Boltwood Capital Management now owns 15,042 shares of the e-commerce giant’s stock valued at $3,300,000 after acquiring an additional 340 shares during the last quarter. Hiley Hunt Wealth Management bought a new position in Amazon.com during the fourth quarter worth $215,000. Nordea Investment Management AB raised its stake in Amazon.com by 19.2% during the fourth quarter. Nordea Investment Management AB now owns 10,861,850 shares of the e-commerce giant’s stock worth $2,405,248,000 after buying an additional 1,747,107 shares during the last quarter. jvl associates llc raised its stake in Amazon.com by 1.8% during the fourth quarter. jvl associates llc now owns 3,958 shares of the e-commerce giant’s stock worth $868,000 after buying an additional 70 shares during the last quarter. Finally, Integrated Capital Management LLC raised its stake in Amazon.com by 1.0% during the fourth quarter. Integrated Capital Management LLC now owns 6,116 shares of the e-commerce giant’s stock worth $1,342,000 after buying an additional 58 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Insiders Place Their Bets

In other Amazon.com news, Director Jonathan Rubinstein sold 5,004 shares of Amazon.com stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $199.85, for a total value of $1,000,049.40. Following the sale, the director now owns 99,396 shares of the company’s stock, valued at approximately $19,864,290.60. The trade was a 4.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the sale, the director now directly owns 24,912 shares in the company, valued at approximately $4,958,982.72. This trade represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,032,344 shares of company stock valued at $1,253,456,822. Company insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Mizuho lifted their target price on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Telsey Advisory Group lifted their target price on shares of Amazon.com from $215.00 to $235.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Maxim Group lifted their target price on shares of Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Scotiabank lifted their target price on shares of Amazon.com from $245.00 to $246.00 and gave the stock a “sector outperform” rating in a research note on Friday, November 1st. Finally, Truist Financial lifted their target price on shares of Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $245.65.

Amazon.com Stock Up 2.4 %

Amazon.com stock opened at $225.94 on Friday. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $233.00. The stock has a market cap of $2.38 trillion, a PE ratio of 48.38, a price-to-earnings-growth ratio of 1.22 and a beta of 1.14. The firm’s 50-day simple moving average is $217.91 and its 200 day simple moving average is $196.30. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. The business 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 revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.85 earnings per share. Research analysts predict that Amazon.com, Inc. will post 5.38 EPS for the current fiscal year.

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.