Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Lifted by Cadent Capital Advisors LLC

Cadent Capital Advisors LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 286.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 8,848 shares of the e-commerce giant’s stock after buying an additional 6,559 shares during the quarter. Cadent Capital Advisors LLC’s holdings in Amazon.com were worth $1,941,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AMZN. Wedmont Private Capital boosted its stake in shares of Amazon.com by 7.7% during the 4th quarter. Wedmont Private Capital now owns 140,256 shares of the e-commerce giant’s stock worth $30,708,000 after acquiring an additional 10,032 shares in the last quarter. QV Investors Inc. boosted its stake in shares of Amazon.com by 14.1% during the 4th quarter. QV Investors Inc. now owns 70,610 shares of the e-commerce giant’s stock worth $15,491,000 after acquiring an additional 8,720 shares in the last quarter. Mid American Wealth Advisory Group Inc. boosted its stake in shares of Amazon.com by 13.1% during the 4th quarter. Mid American Wealth Advisory Group Inc. now owns 2,228 shares of the e-commerce giant’s stock worth $489,000 after acquiring an additional 258 shares in the last quarter. HFG Wealth Management LLC boosted its stake in shares of Amazon.com by 19.8% during the 4th quarter. HFG Wealth Management LLC now owns 1,884 shares of the e-commerce giant’s stock worth $413,000 after acquiring an additional 311 shares in the last quarter. Finally, Asset Allocation & Management Company LLC bought a new stake in shares of Amazon.com during the 4th quarter worth about $670,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the subject of several recent analyst reports. Maxim Group upped their price target on Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Roth Mkm increased their target price on Amazon.com from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Wolfe Research upped their price target on Amazon.com from $250.00 to $270.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Monness Crespi & Hardt upped their price target on Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Benchmark upped their price target on Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a report 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’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $247.72.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the completion of the sale, the insider now owns 917,416,976 shares of the company’s stock, valued at approximately $191,602,535,437.60. This represents a 0.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the sale, the director now directly owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. This trade represents a 4.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,032,344 shares of company stock valued at $1,253,456,822 in the last quarter. Company insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN stock opened at $235.01 on Thursday. The company has a market capitalization of $2.47 trillion, a price-to-earnings ratio of 50.32, a PEG ratio of 1.26 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The company has a 50-day simple moving average of $218.73 and a 200 day simple moving average of $196.68. 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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The firm had revenue of $158.88 billion during the quarter, compared to the consensus estimate 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 quarter in the previous year, the firm posted $0.85 EPS. On average, sell-side analysts predict that Amazon.com, Inc. will post 5.39 earnings per share 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.