Catalytic Wealth RIA LLC Invests $2.54 Million in Amazon.com, Inc. (NASDAQ:AMZN)

Catalytic Wealth RIA LLC purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 16,742 shares of the e-commerce giant's stock, valued at approximately $2,544,000. Amazon.com makes up 1.1% of Catalytic Wealth RIA LLC's holdings, making the stock its 19th largest holding.

Several other large investors also recently modified their holdings of the stock. E Fund Management Hong Kong Co. Ltd. boosted its holdings in Amazon.com by 45.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant's stock worth $42,000 after acquiring an additional 86 shares during the last quarter. Strid Group LLC purchased a new position in Amazon.com during the fourth quarter worth about $43,000. Bruce G. Allen Investments LLC bought a new stake in Amazon.com in the 4th quarter worth about $57,000. Authentikos Wealth Advisory LLC purchased a new stake in Amazon.com in the 3rd quarter valued at about $49,000. Finally, Advantage Trust Co bought a new position in shares of Amazon.com during the 4th quarter worth approximately $68,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN traded up $2.76 during midday trading on Monday, reaching $187.06. 34,453,381 shares of the company traded hands, compared to its average volume of 42,280,887. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $191.70. The firm's fifty day moving average price is $182.66 and its two-hundred day moving average price is $169.27. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $1.95 trillion, a price-to-earnings ratio of 52.40, a price-to-earnings-growth ratio of 1.32 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted 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. The company had revenue of $143.31 billion for the quarter, compared to analysts' expectations of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. Amazon.com's revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.31 earnings per share. On average, equities analysts expect that Amazon.com, Inc. will post 4.72 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Wells Fargo & Company boosted their price objective on Amazon.com from $217.00 to $234.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 1st. Piper Sandler raised their price objective on shares of Amazon.com from $205.00 to $220.00 and gave the stock an "overweight" rating in a report on Wednesday, May 1st. Mizuho lifted their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the stock a "buy" rating in a research report on Wednesday, May 1st. Barclays increased their target price on shares of Amazon.com from $220.00 to $230.00 and gave the company an "overweight" rating in a research report on Wednesday, May 1st. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $225.00 price target on shares of Amazon.com in a report on Wednesday, May 1st. One research analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $213.82.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 3,500 shares of the firm's stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $177.29, for a total transaction of $620,515.00. Following the completion of the transaction, the chief executive officer now owns 523,253 shares of the company's stock, valued at approximately $92,767,524.37. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total value of $620,515.00. Following the transaction, the chief executive officer now directly owns 523,253 shares in the company, valued at $92,767,524.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 2,700 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total transaction of $489,753.00. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company's stock, valued at $21,726,894.20. The disclosure for this sale can be found here. Insiders sold a total of 65,838 shares of company stock worth $11,984,344 over the last quarter. 10.80% of the stock is owned by corporate insiders.

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.