Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Boosted by RDA Financial Network

RDA Financial Network grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 25.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,604 shares of the e-commerce giant’s stock after buying an additional 9,819 shares during the period. Amazon.com accounts for about 3.1% of RDA Financial Network’s holdings, making the stock its 6th largest holding. RDA Financial Network’s holdings in Amazon.com were worth $10,663,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sard Wealth Management Group LLC lifted its position in shares of Amazon.com by 3.1% during the 4th quarter. Sard Wealth Management Group LLC now owns 3,372 shares of the e-commerce giant’s stock worth $740,000 after buying an additional 101 shares during the last quarter. Truefg LLC lifted its position in Amazon.com by 45.3% in the fourth quarter. Truefg LLC now owns 2,202 shares of the e-commerce giant’s stock valued at $483,000 after acquiring an additional 686 shares during the last quarter. Goldstone Financial Group LLC boosted its stake in Amazon.com by 3.2% in the fourth quarter. Goldstone Financial Group LLC now owns 14,515 shares of the e-commerce giant’s stock valued at $3,184,000 after acquiring an additional 447 shares in the last quarter. Channel Wealth LLC grew its holdings in shares of Amazon.com by 4.5% during the fourth quarter. Channel Wealth LLC now owns 14,289 shares of the e-commerce giant’s stock worth $3,135,000 after purchasing an additional 617 shares during the last quarter. Finally, Capital Planning LLC grew its holdings in shares of Amazon.com by 72.1% during the fourth quarter. Capital Planning LLC now owns 3,902 shares of the e-commerce giant’s stock worth $856,000 after purchasing an additional 1,635 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Amazon.com

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the sale, the director now owns 24,912 shares of the company’s stock, valued at $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of the 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 transaction, the director now owns 88,203 shares in the company, valued at $20,273,459.55. This trade represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,027,340 shares of company stock worth $1,252,456,773 over the last ninety days. 10.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

AMZN has been the subject of a number of research analyst reports. Truist Financial upped their target price on Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. increased their price objective on Amazon.com from $250.00 to $280.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. DA Davidson reaffirmed a “buy” rating and issued a $235.00 target price on shares of Amazon.com in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Stifel Nicolaus lifted their price objective on shares of Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $249.46.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $234.64 on Friday. 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 business’s fifty day moving average price is $222.30 and its two-hundred day moving average price is $198.30. The stock has a market cap of $2.47 trillion, a PE ratio of 50.24, a price-to-earnings-growth ratio of 1.31 and a beta of 1.14. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $241.77.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The firm 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 quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.85 EPS. On average, analysts forecast 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.