Amazon.com, Inc. (NASDAQ:AMZN) is Fiduciary Alliance LLC’s 5th Largest Position

Fiduciary Alliance LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 36.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 129,090 shares of the e-commerce giant’s stock after purchasing an additional 34,281 shares during the quarter. Amazon.com accounts for about 2.9% of Fiduciary Alliance LLC’s holdings, making the stock its 5th biggest position. Fiduciary Alliance LLC’s holdings in Amazon.com were worth $28,321,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. State Street Corp grew its position in Amazon.com by 3.3% during the third quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock worth $66,926,008,000 after buying an additional 11,370,309 shares during the period. Geode Capital Management LLC grew its holdings in shares of Amazon.com by 3.4% in the 3rd quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant’s stock worth $37,116,341,000 after acquiring an additional 6,545,944 shares during the period. Legal & General Group Plc increased its stake in Amazon.com by 1.5% in the 2nd quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant’s stock valued at $13,466,933,000 after purchasing an additional 1,042,177 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Amazon.com by 3.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 57,833,954 shares of the e-commerce giant’s stock worth $10,776,201,000 after purchasing an additional 1,984,592 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Amazon.com by 3.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 57,308,094 shares of the e-commerce giant’s stock worth $10,678,217,000 after purchasing an additional 1,980,663 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on AMZN shares. Roth Mkm lifted their price target on Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Wedbush upped their price target on shares of Amazon.com from $250.00 to $260.00 and gave the company an “outperform” rating in a report on Monday, January 6th. Truist Financial raised their price objective 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. Deutsche Bank Aktiengesellschaft upped their target price on Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Piper Sandler raised their price target on Amazon.com from $215.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $246.85.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the completion of the transaction, the insider now directly owns 917,416,976 shares in the company, valued at approximately $191,602,535,437.60. This represents a 0.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Jonathan Rubinstein sold 4,766 shares of Amazon.com stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $209.85, for a total transaction of $1,000,145.10. Following the completion of the sale, the director now owns 94,630 shares of the company’s stock, valued at approximately $19,858,105.50. This trade represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,032,344 shares of company stock valued at $1,253,456,822 in the last ninety days. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

Amazon.com stock opened at $230.71 on Wednesday. The firm has a market capitalization of $2.43 trillion, a PE ratio of 49.40, a price-to-earnings-growth ratio of 1.26 and a beta of 1.14. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $233.00. The stock’s 50 day moving average price is $218.30 and its 200 day moving average price is $196.47. 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 posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.85 earnings per share. As a group, sell-side analysts expect that Amazon.com, Inc. will post 5.39 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.