Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Lifted by Elite Wealth Management Inc.

Elite Wealth Management Inc. increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 218,078 shares of the e-commerce giant’s stock after acquiring an additional 3,476 shares during the quarter. Amazon.com makes up 2.0% of Elite Wealth Management Inc.’s investment portfolio, making the stock its 3rd largest position. Elite Wealth Management Inc.’s holdings in Amazon.com were worth $33,135,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of AMZN. PayPay Securities Corp lifted its holdings in Amazon.com by 54.3% in the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after buying an additional 94 shares during the period. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of Amazon.com by 45.0% during the fourth 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 in the last quarter. Bruce G. Allen Investments LLC bought a new position in Amazon.com in the fourth quarter worth $57,000. Authentikos Wealth Advisory LLC purchased a new position in Amazon.com during the third quarter valued at $49,000. Finally, AM Squared Ltd purchased a new stake in shares of Amazon.com in the 3rd quarter worth about $76,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AMZN. Loop Capital lifted their target price on shares of Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a report on Monday. BMO Capital Markets increased their price target on shares of Amazon.com from $215.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Evercore ISI lifted their target price on Amazon.com from $220.00 to $225.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Wolfe Research increased their price objective on shares of Amazon.com from $195.00 to $205.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $220.00 target price on shares of Amazon.com in a research report on Wednesday, May 1st. 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 company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $211.62.

Amazon.com Stock Performance

AMZN stock opened at $188.70 on Tuesday. The firm has a market cap of $1.96 trillion, a price-to-earnings ratio of 52.86, a PEG ratio of 1.35 and a beta of 1.15. Amazon.com, Inc. has a twelve month low of $104.70 and a twelve month high of $189.77. The business’s fifty day simple moving average is $179.29 and its two-hundred day simple moving average is $161.18. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $142.65 billion. During the same period in the previous year, the company posted $0.31 EPS. Amazon.com’s revenue was up 12.5% on a year-over-year basis. Analysts predict that Amazon.com, Inc. will post 4.67 earnings per share for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 5,998,849 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the transaction, the insider now directly owns 982,252,968 shares in the company, valued at approximately $167,140,165,034.88. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Jeffrey P. Bezos sold 5,998,849 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the completion of the sale, the insider now owns 982,252,968 shares of the company’s stock, valued at approximately $167,140,165,034.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction of $90,000.00. Following the transaction, the chief executive officer now owns 132,600 shares in the company, valued at $23,868,000. The disclosure for this sale can be found here. Insiders sold 32,217,010 shares of company stock worth $5,506,442,301 over the last three months. 10.80% of the stock is owned by corporate insiders.

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.