Amazon.com, Inc. $AMZN Shares Acquired by WESPAC Advisors SoCal LLC

WESPAC Advisors SoCal LLC increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 54,294 shares of the e-commerce giant’s stock after purchasing an additional 2,416 shares during the quarter. Amazon.com accounts for 2.5% of WESPAC Advisors SoCal LLC’s holdings, making the stock its 8th biggest position. WESPAC Advisors SoCal LLC’s holdings in Amazon.com were worth $12,532,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Amazon.com during the second quarter worth $27,438,011,000. Nuveen LLC acquired a new position in Amazon.com in the 1st quarter worth $11,674,091,000. Vanguard Group Inc. increased its holdings in Amazon.com by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 849,721,601 shares of the e-commerce giant’s stock worth $186,420,422,000 after purchasing an additional 17,447,045 shares in the last quarter. Laurel Wealth Advisors LLC increased its holdings in Amazon.com by 22,085.8% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 12,177,557 shares of the e-commerce giant’s stock worth $2,671,634,000 after purchasing an additional 12,122,668 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Amazon.com by 21.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant’s stock valued at $11,017,657,000 after purchasing an additional 10,176,835 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Up 2.3%

AMZN stock opened at $210.17 on Tuesday. The company has a market cap of $2.26 trillion, a price-to-earnings ratio of 29.31, a P/E/G ratio of 1.54 and a beta of 1.40. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $258.60. The business has a 50 day moving average price of $219.04 and a two-hundred day moving average price of $225.86. The company has a quick ratio of 0.88, a current ratio of 1.05 and a debt-to-equity ratio of 0.16.

Amazon.com (NASDAQ:AMZNGet Free Report) last announced its quarterly earnings data on Thursday, February 5th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.02). The company had revenue of $213.39 billion for the quarter, compared to the consensus estimate of $211.02 billion. Amazon.com had a return on equity of 21.87% and a net margin of 10.83%.The company’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.86 EPS. Analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Amazon.com News Summary

Here are the key news stories impacting Amazon.com this week:

Analyst Ratings Changes

Several research analysts have recently weighed in on AMZN shares. Needham & Company LLC reaffirmed a “buy” rating and set a $265.00 price objective on shares of Amazon.com in a research report on Tuesday, March 17th. Morgan Stanley reissued an “overweight” rating and issued a $300.00 target price (down from $315.00) on shares of Amazon.com in a research report on Friday, February 6th. Guggenheim restated a “buy” rating and issued a $300.00 target price on shares of Amazon.com in a research note on Friday, February 6th. Citizens Jmp upped their price target on Amazon.com from $300.00 to $315.00 and gave the stock an “outperform” rating in a research report on Monday, February 2nd. Finally, Argus reaffirmed a “buy” rating and set a $325.00 price target on shares of Amazon.com in a research note on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, fifty-three have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $286.57.

Get Our Latest Stock Analysis on Amazon.com

Insider Activity

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $205.18, for a total value of $4,077,336.96. Following the completion of the sale, the chief executive officer owned 2,238,118 shares in the company, valued at $459,217,051.24. This trade represents a 0.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP David Zapolsky sold 10,649 shares of Amazon.com stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $205.43, for a total transaction of $2,187,624.07. Following the completion of the transaction, the senior vice president directly owned 41,190 shares of the company’s stock, valued at approximately $8,461,661.70. This trade represents a 20.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 71,686 shares of company stock valued at $14,688,739. 9.70% of the stock is owned by corporate insiders.

Amazon.com Profile

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

Further Reading

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

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