Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Socha Financial Group LLC


Socha Financial Group LLC grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 3.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,991 shares of the e-commerce giant’s stock after purchasing an additional 63 shares during the period. Amazon.com makes up approximately 0.1% of Socha Financial Group LLC’s investment portfolio, making the stock its 23rd largest holding. Socha Financial Group LLC’s holdings in Amazon.com were worth $303,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Ellenbecker Investment Group increased its stake in shares of Amazon.com by 9.7% during the fourth quarter. Ellenbecker Investment Group now owns 7,668 shares of the e-commerce giant’s stock valued at $1,165,000 after acquiring an additional 678 shares during the period. Mosaic Advisors LLC bought a new position in Amazon.com during the 4th quarter valued at $205,000. Trust Co of Kansas increased its position in shares of Amazon.com by 2.5% during the 4th quarter. Trust Co of Kansas now owns 48,159 shares of the e-commerce giant’s stock valued at $7,317,000 after purchasing an additional 1,171 shares during the period. Masso Torrence Wealth Management Inc. raised its stake in shares of Amazon.com by 1.7% in the 4th quarter. Masso Torrence Wealth Management Inc. now owns 31,084 shares of the e-commerce giant’s stock worth $4,723,000 after buying an additional 530 shares in the last quarter. Finally, Lorne Steinberg Wealth Management Inc. lifted its holdings in shares of Amazon.com by 0.9% in the fourth quarter. Lorne Steinberg Wealth Management Inc. now owns 38,588 shares of the e-commerce giant’s stock valued at $5,863,000 after buying an additional 363 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Jeffrey P. Bezos sold 5,998,849 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $169.17, for a total transaction of $1,014,825,285.33. Following the transaction, the insider now owns 940,261,025 shares of the company’s stock, valued at $159,063,957,599.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total transaction of $90,000.00. Following the sale, the chief executive officer now directly owns 132,600 shares in the company, valued at $23,868,000. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $169.17, for a total value of $1,014,825,285.33. Following the completion of the transaction, the insider now directly owns 940,261,025 shares of the company’s stock, valued at $159,063,957,599.25. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,181,245 shares of company stock valued at $1,380,028,066. 10.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Robert W. Baird lifted their target price on Amazon.com from $205.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Piper Sandler raised their target price on shares of Amazon.com from $205.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Evercore ISI increased their price target on Amazon.com from $220.00 to $225.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. UBS Group raised their price objective on Amazon.com from $215.00 to $217.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $205.00 target price on shares of Amazon.com in a research report on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com currently has a consensus rating of “Buy” and a consensus target price of $211.62.

Get Our Latest Report on Amazon.com

Amazon.com Stock Up 0.3%

AMZN stock opened at $187.07 on Wednesday. The stock has a market capitalization of $1.95 trillion, a price-to-earnings ratio of 52.40, a price-to-earnings-growth ratio of 1.36 and a beta of 1.15. The company has a 50-day moving average of $180.52 and a two-hundred day moving average of $163.43. Amazon.com, Inc. has a 52-week low of $109.25 and a 52-week high of $191.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN – Get Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.15. The business had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The firm’s revenue was up 12.5% ​​compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.31 EPS. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 4.67 EPS for the current year.

Amazon.com Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)



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