ACT Advisors LLC. Increases Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

ACT Advisors LLC. increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 7.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,133 shares of the e-commerce giant’s stock after buying an additional 204 shares during the period. Amazon.com comprises approximately 0.4% of ACT Advisors LLC.’s investment portfolio, making the stock its 25th biggest holding. ACT Advisors LLC.’s holdings in Amazon.com were worth $687,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. DBK Financial Counsel LLC purchased a new stake in shares of Amazon.com during the 4th quarter worth about $206,000. City State Bank increased its stake in Amazon.com by 1.9% during the 4th quarter. City State Bank now owns 16,663 shares of the e-commerce giant’s stock worth $3,656,000 after buying an additional 315 shares in the last quarter. Trust Co. of Toledo NA OH boosted its holdings in shares of Amazon.com by 3.2% during the 4th quarter. Trust Co. of Toledo NA OH now owns 86,248 shares of the e-commerce giant’s stock worth $18,922,000 after purchasing an additional 2,689 shares during the last quarter. Fiduciary Alliance LLC boosted its holdings in shares of Amazon.com by 36.2% during the 4th quarter. Fiduciary Alliance LLC now owns 129,090 shares of the e-commerce giant’s stock worth $28,321,000 after purchasing an additional 34,281 shares during the last quarter. Finally, Winthrop Advisory Group LLC raised its position in shares of Amazon.com by 1,069.9% during the 4th quarter. Winthrop Advisory Group LLC now owns 449,830 shares of the e-commerce giant’s stock valued at $98,688,000 after buying an additional 411,379 shares during the period. Institutional investors own 72.20% of the company’s stock.

Insider Activity

In related news, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the sale, the director now directly owns 88,203 shares of the company’s stock, valued at $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the company’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 value of $246,237.22. Following the transaction, the director now directly owns 24,912 shares of the company’s stock, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their ownership of the stock. 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 over the last quarter. Company insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AMZN. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $270.00 price objective on shares of Amazon.com in a research report on Wednesday. Loop Capital increased their target price on shares of Amazon.com from $225.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Rosenblatt Securities increased their price target on shares of Amazon.com from $221.00 to $236.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Piper Sandler increased their price target on shares of Amazon.com from $215.00 to $225.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Finally, Bank of America raised their price objective on shares of Amazon.com from $210.00 to $230.00 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 issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and a consensus price target of $247.72.

Amazon.com Trading Up 1.9 %

NASDAQ:AMZN opened at $235.01 on Thursday. The stock’s 50 day moving average price is $218.73 and its 200 day moving average price is $196.68. The company has a market capitalization of $2.47 trillion, a PE ratio of 50.32, a P/E/G ratio of 1.26 and a beta of 1.14. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $235.44.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The company had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the firm earned $0.85 EPS. On average, research analysts anticipate that Amazon.com, Inc. will post 5.39 EPS for the current year.

About Amazon.com

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.