Sowell Financial Services LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 12.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,746 shares of the e-commerce giant’s stock after acquiring an additional 1,053 shares during the period. Amazon.com comprises approximately 1.4% of Sowell Financial Services LLC’s investment portfolio, making the stock its 10th largest holding. Sowell Financial Services LLC’s holdings in Amazon.com were worth $31,741,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Baron Financial Group LLC bought a new stake in Amazon.com in the third quarter valued at approximately $31,000. Newfound Research LLC bought a new stake in Amazon.com in the third quarter valued at approximately $41,000. Rocky Mountain Advisers LLC bought a new stake in Amazon.com in the third quarter valued at approximately $54,000. Pacific Financial Group Inc. bought a new stake in Amazon.com in the third quarter valued at approximately $54,000. Finally, Advisory Alpha LLC raised its stake in Amazon.com by 3.8% in the third quarter. Advisory Alpha LLC now owns 379 shares of the e-commerce giant’s stock valued at $83,000 after buying an additional 14 shares during the period. Institutional investors and hedge funds own 56.39% of the company’s stock.
Several analysts have issued reports on AMZN shares. Needham & Company LLC restated a “buy” rating and issued a $3,700.00 price objective on shares of Amazon.com in a research note on Tuesday, December 8th. Piper Sandler reiterated an “overweight” rating and set a $3,903.00 target price (up previously from $3,860.00) on shares of Amazon.com in a research note on Friday, October 30th. Jefferies Financial Group reiterated a “buy” rating on shares of Amazon.com in a research note on Monday, October 12th. Benchmark increased their target price on Amazon.com from $3,800.00 to $4,000.00 and gave the stock a “buy” rating in a research note on Friday, October 30th. Finally, Oppenheimer lowered their target price on Amazon.com from $3,700.00 to $3,500.00 and set an “outperform” rating on the stock in a research note on Friday, October 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and forty-seven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $3,645.47.
Amazon.com (NASDAQ:AMZN) last announced its earnings results on Tuesday, November 3rd. The e-commerce giant reported $12.37 EPS for the quarter, beating the consensus estimate of $7.41 by $4.96. Amazon.com had a return on equity of 24.49% and a net margin of 4.99%. The company had revenue of $96.15 billion for the quarter, compared to analyst estimates of $92.56 billion. During the same quarter in the prior year, the company earned $4.23 EPS. The firm’s revenue for the quarter was up 37.4% compared to the same quarter last year. On average, sell-side analysts expect that Amazon.com, Inc. will post 34.56 EPS for the current fiscal year.
In related news, Director Jonathan Rubinstein sold 329 shares of the company’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $3,061.74, for a total transaction of $1,007,312.46. Following the sale, the director now owns 7,209 shares in the company, valued at approximately $22,072,083.66. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew R. Jassy sold 6,945 shares of the stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $3,061.74, for a total value of $21,263,784.30. Following the completion of the transaction, the chief executive officer now owns 82,599 shares in the company, valued at approximately $252,896,662.26. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,927 shares of company stock worth $46,256,596. 16.10% of the stock is owned by corporate insiders.
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.
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