Cadent Capital Advisors LLC Raises Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Cadent Capital Advisors LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 286.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,848 shares of the e-commerce giant’s stock after acquiring an additional 6,559 shares during the quarter. Cadent Capital Advisors LLC’s holdings in Amazon.com were worth $1,941,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Icon Wealth Advisors LLC boosted its stake in Amazon.com by 20.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after purchasing an additional 25,581 shares during the last quarter. PayPay Securities Corp boosted its position in shares of Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after acquiring an additional 64 shares during the last quarter. Hoese & Co LLP acquired a new position in shares of Amazon.com during the 3rd quarter valued at about $37,000. Bull Oak Capital LLC acquired a new position in shares of Amazon.com during the 3rd quarter valued at about $45,000. Finally, Values First Advisors Inc. acquired a new position in shares of Amazon.com during the 3rd quarter valued at about $56,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

AMZN has been the topic of several research analyst reports. TD Cowen boosted their price objective on shares of Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Moffett Nathanson boosted their price target on shares of Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. HSBC upped their target price on shares of Amazon.com from $225.00 to $270.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Pivotal Research began coverage on shares of Amazon.com in a research note on Friday, October 11th. They set a “buy” rating and a $260.00 target price on the stock. Finally, Roth Mkm upped their price target on Amazon.com from $220.00 to $250.00 and gave the company a “buy” rating in a report on Monday, December 9th. Two equities research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and an average price target of $247.72.

Insiders Place Their Bets

In other news, insider Jeffrey P. Bezos sold 2,996,362 shares of the business’s stock in a transaction 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 sale, the insider now directly owns 917,416,976 shares of the company’s stock, valued at $191,602,535,437.60. The trade was a 0.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jonathan Rubinstein sold 5,004 shares of the company’s stock in a transaction on 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 transaction, the director now directly owns 99,396 shares in the company, valued at $19,864,290.60. The trade was a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,032,344 shares of company stock worth $1,253,456,822 in the last three months. 10.80% of the stock is owned by insiders.

Amazon.com Stock Up 1.9 %

AMZN opened at $235.01 on Thursday. The business’s fifty day simple moving average is $218.73 and its 200 day simple moving average is $196.68. 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. The firm has a market cap of $2.47 trillion, a P/E ratio of 50.32, a PEG ratio of 1.26 and a beta of 1.14.

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