Glassy Mountain Advisors Inc. Has $6.82 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Glassy Mountain Advisors Inc. lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 44,889 shares of the e-commerce giant’s stock after buying an additional 517 shares during the period. Amazon.com comprises 2.8% of Glassy Mountain Advisors Inc.’s portfolio, making the stock its 15th biggest holding. Glassy Mountain Advisors Inc.’s holdings in Amazon.com were worth $6,820,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. PayPay Securities Corp grew its holdings in shares of Amazon.com by 54.3% during the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 94 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its holdings in Amazon.com by 45.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 86 shares during the last quarter. Harbor Investment Advisory LLC raised its stake in shares of Amazon.com by 0.7% in the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after acquiring an additional 1,988 shares during the last quarter. Authentikos Wealth Advisory LLC acquired a new position in Amazon.com in the third quarter worth $49,000. Finally, Bruce G. Allen Investments LLC bought a new stake in Amazon.com during the 4th quarter worth about $57,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Up 0.8 %

Shares of AMZN stock opened at $186.21 on Friday. The firm’s fifty day moving average price is $178.79 and its two-hundred day moving average price is $159.95. The company has a current ratio of 1.07, a quick ratio of 0.84 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a 1 year low of $103.31 and a 1 year high of $189.77. The firm has a market capitalization of $1.93 trillion, a P/E ratio of 52.16, a PEG ratio of 1.55 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The business had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. During the same quarter in the prior year, the company posted $0.31 earnings per share. Amazon.com’s revenue was up 12.5% on a year-over-year basis. On average, equities analysts predict that Amazon.com, Inc. will post 4.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Barclays upped their target price on shares of Amazon.com from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Wednesday. Wolfe Research increased their price objective on Amazon.com from $195.00 to $205.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Maxim Group dropped their target price on Amazon.com from $318.00 to $238.00 and set a “buy” rating for the company in a research report on Wednesday. Bank of America raised their price target on Amazon.com from $185.00 to $204.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Finally, Citigroup boosted their price objective on Amazon.com from $235.00 to $245.00 and gave the stock a “buy” rating in a report on Wednesday. One equities research 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. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $211.07.

Insider Transactions at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total value of $90,000.00. Following the completion of the transaction, the chief executive officer now directly owns 132,600 shares of the company’s stock, valued at $23,868,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total value of $523,807.00. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction of $90,000.00. Following the completion of the sale, the chief executive officer now owns 132,600 shares of the company’s stock, valued at $23,868,000. The disclosure for this sale can be found here. Insiders have sold a total of 32,217,010 shares of company stock worth $5,506,442,301 in the last 90 days. Corporate 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.