Better Money Decisions LLC Boosts Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Better Money Decisions LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,183 shares of the e-commerce giant’s stock after buying an additional 207 shares during the period. Amazon.com accounts for about 1.0% of Better Money Decisions LLC’s investment portfolio, making the stock its 19th biggest position. Better Money Decisions LLC’s holdings in Amazon.com were worth $1,243,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Bridgefront Capital LLC purchased a new stake in Amazon.com during the first quarter valued at approximately $228,000. Krane Funds Advisors LLC raised its position in Amazon.com by 239.1% during the first quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock valued at $254,000 after purchasing an additional 55 shares during the period. Range Financial Group LLC purchased a new stake in Amazon.com during the first quarter valued at approximately $258,000. My Personal CFO LLC purchased a new stake in Amazon.com during the first quarter valued at approximately $261,000. Finally, Worth Asset Management LLC purchased a new stake in Amazon.com during the first quarter valued at approximately $191,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on AMZN shares. Moffett Nathanson restated a “buy” rating and set a $228.00 price objective on shares of Amazon.com in a research report on Thursday, April 11th. Roth Mkm reaffirmed a “buy” rating and set a $205.00 target price on shares of Amazon.com in a research note on Tuesday. Sanford C. Bernstein upped their target price on Amazon.com from $175.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Stifel Nicolaus upped their target price on Amazon.com from $200.00 to $224.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Royal Bank of Canada upped their target price on Amazon.com from $180.00 to $215.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Amazon.com presently has a consensus rating of “Buy” and a consensus target price of $202.80.

Amazon.com Stock Performance

Shares of AMZN stock opened at $181.28 on Thursday. The firm has a market capitalization of $1.89 trillion, a price-to-earnings ratio of 62.51, a price-to-earnings-growth ratio of 1.60 and a beta of 1.16. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84. The business has a fifty day moving average of $177.09 and a 200 day moving average of $156.36. Amazon.com, Inc. has a 1 year low of $101.15 and a 1 year high of $189.77.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. The company had revenue of $169.96 billion during the quarter, compared to analyst estimates of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the business posted $0.21 EPS. As a group, research analysts expect that Amazon.com, Inc. will post 4.08 earnings per share for the current year.

Insiders Place Their Bets

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the sale, the chief executive officer now directly owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the sale, the chief executive officer now directly owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 20,200 shares of the stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $169.99, for a total value of $3,433,798.00. Following the sale, the chief executive officer now directly owns 514,131 shares in the company, valued at $87,397,128.69. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,213,510 shares of company stock valued at $5,505,798,456. Company insiders own 12.70% 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.