Amazon.com, Inc. (NASDAQ:AMZN) Holdings Raised by Secured Retirement Advisors LLC

Key Points

• Secured Retirement Advisors LLC increased its holding in Amazon.com, Inc. by 36.3%, purchasing an additional 4,438 shares, which now comprise about 2.0% of their portfolio, valued at $3,170,000.
• Institutional investors collectively own 72.20% of Amazon's shares, with several firms acquiring new stakes valued between $25,000 and $40,000 in the last quarter.
• Amazon reported $1.68 earnings per share for the last quarter, surpassing analysts' expectations, and achieving revenue of $167.70 billion, a significant 13.3% increase from the previous year.

Secured Retirement Advisors LLC boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 36.3% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 16,662 shares of the e-commerce giant's stock after buying an additional 4,438 shares during the period. Amazon.com accounts for approximately 2.0% of Secured Retirement Advisors LLC's holdings, making the stock its 6th biggest position. Secured Retirement Advisors LLC's holdings in Amazon.com were worth $3,170,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of AMZN. Northern Capital Management Inc. boosted its position in shares of Amazon.com by 0.6% during the 4th quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock worth $1,613,000 after purchasing an additional 45 shares during the period. Balanced Wealth Group LLC lifted its holdings in Amazon.com by 1.6% during the 4th quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant's stock worth $705,000 after buying an additional 48 shares in the last quarter. ETF Store Inc. lifted its holdings in Amazon.com by 2.1% during the 4th quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant's stock worth $522,000 after buying an additional 48 shares in the last quarter. Talisman Wealth Advisors LLC lifted its holdings in Amazon.com by 1.2% during the 4th quarter. Talisman Wealth Advisors LLC now owns 4,647 shares of the e-commerce giant's stock worth $1,020,000 after buying an additional 53 shares in the last quarter. Finally, SWAN Capital LLC lifted its holdings in Amazon.com by 3.1% during the 4th quarter. SWAN Capital LLC now owns 1,804 shares of the e-commerce giant's stock worth $396,000 after buying an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the transaction, the insider directly owned 897,722,088 shares of the company's stock, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Over the last quarter, insiders sold 25,101,037 shares of company stock valued at $5,674,726,368. Insiders own 10.80% of the company's stock.

Amazon.com Price Performance

Shares of AMZN traded up $0.17 during trading hours on Tuesday, reaching $221.47. 37,075,084 shares of the company traded hands, compared to its average volume of 44,927,371. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $2.36 trillion, a PE ratio of 33.76, a price-to-earnings-growth ratio of 1.50 and a beta of 1.31. The stock has a fifty day simple moving average of $219.94 and a 200 day simple moving average of $208.52. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.37. The business had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company's quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.26 earnings per share. As a group, research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. BNP Paribas Exane upgraded shares of Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 target price on the stock in a report on Friday, June 27th. Roth Capital set a $250.00 price objective on Amazon.com and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Piper Sandler boosted their price objective on Amazon.com from $250.00 to $255.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. UBS Group restated a "buy" rating and issued a $271.00 price objective (up from $249.00) on shares of Amazon.com in a report on Monday, July 28th. Finally, Scotiabank raised their price objective on shares of Amazon.com from $250.00 to $275.00 and gave the company a "sector outperform" rating in a report on Tuesday, July 22nd. One equities research analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $262.45.

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.