R Squared Ltd Acquires Shares of 1,560 Amazon.com, Inc. (NASDAQ:AMZN)

R Squared Ltd bought a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,560 shares of the e-commerce giant’s stock, valued at approximately $342,000.

A number of other large investors have also recently made changes to their positions in the stock. Rench Wealth Management Inc. increased its holdings in Amazon.com by 7.9% during the 3rd quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant’s stock worth $9,392,000 after purchasing an additional 3,703 shares during the period. Foundations Investment Advisors LLC grew its position in shares of Amazon.com by 9.7% during the 3rd quarter. Foundations Investment Advisors LLC now owns 184,594 shares of the e-commerce giant’s stock worth $34,395,000 after buying an additional 16,392 shares in the last quarter. Blankinship & Foster LLC increased its stake in shares of Amazon.com by 216.4% during the third quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant’s stock valued at $1,291,000 after buying an additional 4,740 shares during the period. Umpqua Bank raised its holdings in shares of Amazon.com by 0.4% in the third quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant’s stock valued at $6,544,000 after acquiring an additional 137 shares in the last quarter. Finally, One Wealth Capital Management LLC purchased a new stake in Amazon.com in the fourth quarter worth about $4,270,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Down 1.0 %

Amazon.com stock opened at $226.45 on Wednesday. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The firm has a market cap of $2.38 trillion, a price-to-earnings ratio of 40.95, a price-to-earnings-growth ratio of 1.36 and a beta of 1.15. The business’s 50-day moving average price is $228.26 and its 200 day moving average price is $202.87. 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 (NASDAQ:AMZN) last posted its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 25.49%. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 6.24 earnings per share for the current year.

Analysts Set New Price Targets

AMZN has been the topic of a number of research reports. Monness Crespi & Hardt raised their target price on shares of Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Wells Fargo & Company cut their price objective on shares of Amazon.com from $212.00 to $207.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. Wolfe Research upped their target price on Amazon.com from $250.00 to $270.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Benchmark lifted their price target on Amazon.com from $215.00 to $265.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Finally, Susquehanna upped their price objective on Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a research note on Friday, November 1st. Two 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 stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $260.74.

Insiders Place Their Bets

In other news, CEO Matthew S. Garman sold 15,260 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $200.19, for a total value of $3,054,899.40. Following the completion of the sale, the chief executive officer now directly owns 349,261 shares in the company, valued at $69,918,559.59. The trade was a 4.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $210.00, for a total value of $735,000.00. Following the transaction, the chief executive officer now owns 524,567 shares in the company, valued at $110,159,070. This trade represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 50,611 shares of company stock worth $11,122,402. Company insiders own 10.80% of the company’s stock.

Amazon.com Company 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.