Ergawealth Advisors Inc. Buys 230 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Ergawealth Advisors Inc. increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 8.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,963 shares of the e-commerce giant’s stock after purchasing an additional 230 shares during the period. Ergawealth Advisors Inc.’s holdings in Amazon.com were worth $450,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of AMZN. PayPay Securities Corp increased its stake in shares of 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. grew its position in Amazon.com by 45.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after acquiring an additional 86 shares during the last quarter. Harbor Investment Advisory LLC raised its stake in Amazon.com by 0.7% during the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock worth $46,000 after acquiring an additional 1,988 shares in the last quarter. Authentikos Wealth Advisory LLC bought a new position in shares of Amazon.com in the third quarter worth about $49,000. Finally, Bruce G. Allen Investments LLC acquired a new stake in shares of Amazon.com in the 4th quarter valued at approximately $57,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $180.29, for a total transaction of $631,015.00. Following the completion of the transaction, the chief executive officer now owns 509,358 shares in the company, valued at approximately $91,832,153.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Amazon.com news, insider Jeffrey P. Bezos sold 5,998,849 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the transaction, the insider now directly owns 982,252,968 shares in the company, valued at approximately $167,140,165,034.88. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $180.29, for a total transaction of $631,015.00. Following the completion of the sale, the chief executive officer now owns 509,358 shares of the company’s stock, valued at approximately $91,832,153.82. The disclosure for this sale can be found here. Insiders have sold 32,217,010 shares of company stock worth $5,506,442,301 in the last quarter. Insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on AMZN shares. Roth Mkm reissued a “buy” rating and issued a $210.00 price objective (up previously from $205.00) on shares of Amazon.com in a research note on Wednesday, May 1st. Canaccord Genuity Group raised their price objective on Amazon.com from $185.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 2nd. BMO Capital Markets boosted their price objective on Amazon.com from $215.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Maxim Group dropped their target price on Amazon.com from $318.00 to $238.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Finally, Piper Sandler boosted their price target on Amazon.com from $205.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. One investment 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 stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $211.07.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $186.21 on Monday. Amazon.com, Inc. has a twelve month low of $103.31 and a twelve month high of $189.77. The stock’s 50 day moving average is $179.02 and its 200-day moving average is $160.75. The company has a quick ratio of 0.84, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $1.94 trillion, a price-to-earnings ratio of 52.16, a PEG ratio of 1.38 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The firm had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. During the same quarter in the prior year, the company posted $0.31 earnings per share. The business’s revenue was up 12.5% on a year-over-year basis. Sell-side analysts forecast that Amazon.com, Inc. will post 4.67 EPS for the current fiscal year.

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.