Sowell Financial Services LLC Grows Stake in Amazon.com, Inc. (NASDAQ:AMZN)


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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.

Shares of Amazon.com stock opened at $3,165.89 on Thursday. Amazon.com, Inc. has a one year low of $1,626.03 and a one year high of $3,552.25. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.11 and a quick ratio of 0.88. The stock’s 50-day moving average is $3,186.56 and its 200 day moving average is $3,160.85. The firm has a market cap of $1.59 trillion, a price-to-earnings ratio of 92.71, a PEG ratio of 2.43 and a beta of 1.19.

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 Profile

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

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