Dakota Wealth Management Acquires 7,021 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Dakota Wealth Management boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 331,911 shares of the e-commerce giant's stock after acquiring an additional 7,021 shares during the period. Amazon.com accounts for approximately 2.0% of Dakota Wealth Management's investment portfolio, making the stock its 5th biggest position. Dakota Wealth Management's holdings in Amazon.com were worth $50,430,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of AMZN. PayPay Securities Corp boosted its holdings in Amazon.com by 54.3% in the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant's stock valued at $34,000 after purchasing an additional 94 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its holdings in Amazon.com by 45.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant's stock valued at $42,000 after purchasing an additional 86 shares during the last quarter. Harbor Investment Advisory LLC boosted its holdings in Amazon.com by 0.7% in the 4th quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant's stock valued at $46,000 after purchasing an additional 1,988 shares during the last quarter. Authentikos Wealth Advisory LLC acquired a new position in Amazon.com in the 3rd quarter valued at about $49,000. Finally, Bruce G. Allen Investments LLC acquired a new position in Amazon.com in the 4th quarter valued at about $57,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Stock Performance

NASDAQ AMZN traded up $1.49 during trading on Friday, reaching $186.21. The company's stock had a trading volume of 39,172,004 shares, compared to its average volume of 46,582,852. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.84 and a current ratio of 1.07. The firm has a market cap of $1.94 trillion, a price-to-earnings ratio of 52.16, a P/E/G ratio of 1.37 and a beta of 1.15. Amazon.com, Inc. has a twelve month low of $103.31 and a twelve month high of $189.77. The business's fifty day moving average price is $179.02 and its 200-day moving average price is $160.32.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. During the same period in the previous year, the business posted $0.31 earnings per share. Amazon.com's quarterly revenue was up 12.5% on a year-over-year basis. As a group, analysts anticipate that Amazon.com, Inc. will post 4.55 EPS for the current fiscal year.

Analyst Ratings Changes

AMZN has been the topic of several recent analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Amazon.com from $225.00 to $240.00 and gave the stock an "overweight" rating in a report on Wednesday. Citigroup upped their price objective on shares of Amazon.com from $235.00 to $245.00 and gave the stock a "buy" rating in a report on Wednesday. Royal Bank of Canada upped their price objective on shares of Amazon.com from $180.00 to $215.00 and gave the stock an "outperform" rating in a report on Friday, February 2nd. Maxim Group decreased their price objective on shares of Amazon.com from $318.00 to $238.00 and set a "buy" rating on the stock in a report on Wednesday. Finally, TD Cowen upped their price objective on shares of Amazon.com from $200.00 to $225.00 and gave the stock an "outperform" rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com currently has an average rating of "Buy" and an average target price of $211.07.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total value of $90,000.00. Following the sale, the chief executive officer now directly owns 132,600 shares in the company, valued at $23,868,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $180.73, for a total transaction of $632,555.00. Following the completion of the sale, the chief executive officer now directly owns 512,858 shares in the company, valued at approximately $92,688,826.34. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the company's stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total value of $90,000.00. Following the completion of the sale, the chief executive officer now owns 132,600 shares in the company, valued at approximately $23,868,000. The disclosure for this sale can be found here. Insiders sold a total of 32,217,010 shares of company stock worth $5,506,442,301 over the last 90 days. Company insiders own 10.80% of the company's stock.

Amazon.com Company 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.