White Knight Strategic Wealth Advisors LLC Has $11.13 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

White Knight Strategic Wealth Advisors LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 94.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,714 shares of the e-commerce giant's stock after purchasing an additional 24,607 shares during the period. Amazon.com accounts for about 4.7% of White Knight Strategic Wealth Advisors LLC's holdings, making the stock its 4th biggest position. White Knight Strategic Wealth Advisors LLC's holdings in Amazon.com were worth $11,126,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in AMZN. Castlekeep Investment Advisors LLC purchased a new position in Amazon.com during the 4th quarter valued at about $25,000. Accordant Advisory Group Inc raised its position in Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after purchasing an additional 100 shares during the period. Prudent Man Investment Management Inc. acquired a new position in shares of Amazon.com during the fourth quarter worth $27,000. LSV Asset Management purchased a new position in Amazon.com in the fourth quarter valued at about $35,000. Finally, Perritt Capital Management Inc grew its holdings in Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after acquiring an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Price Performance

AMZN traded down $0.94 on Tuesday, reaching $205.71. The company had a trading volume of 33,063,184 shares, compared to its average volume of 41,934,444. The business has a 50 day simple moving average of $190.68 and a 200 day simple moving average of $208.63. The company has a market cap of $2.18 trillion, a price-to-earnings ratio of 37.20, a P/E/G ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The firm had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. During the same period last year, the firm earned $0.98 earnings per share. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Upgrades and Downgrades

AMZN has been the subject of a number of recent research reports. Barclays lowered their price objective on shares of Amazon.com from $265.00 to $240.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. Bank of America increased their target price on shares of Amazon.com from $230.00 to $248.00 and gave the company a "buy" rating in a research note on Monday. Truist Financial decreased their price objective on shares of Amazon.com from $265.00 to $230.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Royal Bank of Canada lowered their price target on shares of Amazon.com from $235.00 to $230.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Finally, Stifel Nicolaus cut their price target on shares of Amazon.com from $248.00 to $245.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Four analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $244.57.

Insider Activity at Amazon.com

In other news, VP Shelley Reynolds sold 2,695 shares of Amazon.com stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total transaction of $541,129.05. Following the sale, the vice president now owns 119,780 shares of the company's stock, valued at approximately $24,050,626.20. The trade was a 2.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the transaction, the chief executive officer now directly owns 509,474 shares of the company's stock, valued at approximately $95,776,017.26. The trade was a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 99,537 shares of company stock worth $20,018,625 over the last quarter. Corporate insiders own 9.70% of the company's stock.

Amazon.com Profile

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.