Accelerate Investment Advisors LLC Purchases 378 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Accelerate Investment Advisors LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,386 shares of the e-commerce giant’s stock after purchasing an additional 378 shares during the quarter. Amazon.com accounts for approximately 2.6% of Accelerate Investment Advisors LLC’s portfolio, making the stock its 9th largest holding. Accelerate Investment Advisors LLC’s holdings in Amazon.com were worth $2,937,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. PayPay Securities Corp increased its holdings in Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after acquiring an additional 64 shares in the last quarter. Hoese & Co LLP acquired a new stake in Amazon.com during the 3rd quarter worth $37,000. Bull Oak Capital LLC acquired a new stake in Amazon.com during the 3rd quarter worth $45,000. Values First Advisors Inc. acquired a new stake in Amazon.com during the 3rd quarter worth $56,000. Finally, Abich Financial Wealth Management LLC boosted its stake in Amazon.com by 84.7% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 434 shares of the e-commerce giant’s stock worth $84,000 after purchasing an additional 199 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Ratings Changes

AMZN has been the topic of several recent research reports. Scotiabank boosted their price target on shares of Amazon.com from $245.00 to $246.00 and gave the company a “sector outperform” rating in a research report on Friday, November 1st. Oppenheimer boosted their price target on shares of Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. TD Cowen upped their target price on shares of Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. upped their target price on shares of Amazon.com from $250.00 to $280.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Finally, Piper Sandler increased their price objective on Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $247.72.

Amazon.com Stock Performance

AMZN stock opened at $235.01 on Thursday. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The firm has a market cap of $2.47 trillion, a P/E ratio of 50.32, a P/E/G ratio of 1.26 and a beta of 1.14. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $235.44. The stock’s 50 day simple moving average is $218.73 and its 200 day simple moving average is $196.68.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same period in the prior year, the company posted $0.85 EPS. The business’s revenue was up 11.0% compared to the same quarter last year. As a group, equities research analysts predict that Amazon.com, Inc. will post 5.39 EPS for the current year.

Insiders Place Their Bets

In other news, Director Jonathan Rubinstein sold 5,004 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $199.85, for a total value of $1,000,049.40. Following the completion of the transaction, the director now owns 99,396 shares of the company’s stock, valued at approximately $19,864,290.60. This represents a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 5,502 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $205.81, for a total value of $1,132,366.62. Following the transaction, the chief executive officer now directly owns 518,911 shares of the company’s stock, valued at $106,797,072.91. This represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,032,344 shares of company stock valued at $1,253,456,822 over the last three months. Company insiders own 10.80% 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.