Regency Capital Management Inc. DE Boosts Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Regency Capital Management Inc. DE lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 248.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 15,389 shares of the e-commerce giant's stock after purchasing an additional 10,971 shares during the quarter. Amazon.com comprises 1.6% of Regency Capital Management Inc. DE's holdings, making the stock its 26th biggest position. Regency Capital Management Inc. DE's holdings in Amazon.com were worth $2,867,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of AMZN. PayPay Securities Corp grew its holdings in Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant's stock valued at $32,000 after buying an additional 64 shares in the last quarter. Christopher J. Hasenberg Inc raised its position in shares of Amazon.com by 650.0% during the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant's stock worth $58,000 after acquiring an additional 260 shares during the last quarter. Koesten Hirschmann & Crabtree INC. bought a new position in shares of Amazon.com during the first quarter worth about $69,000. Innealta Capital LLC acquired a new stake in Amazon.com during the second quarter worth approximately $77,000. Finally, Abich Financial Wealth Management LLC grew its stake in Amazon.com by 84.7% during the second quarter. Abich Financial Wealth Management LLC now owns 434 shares of the e-commerce giant's stock worth $84,000 after purchasing an additional 199 shares during the period. Institutional investors own 72.20% of the company's stock.

Insider Activity

In other news, SVP David Zapolsky sold 2,190 shares of the business's stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the sale, the senior vice president now owns 62,420 shares of the company's stock, valued at approximately $12,171,900. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Andrew R. Jassy sold 20,784 shares of the business's stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the transaction, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP David Zapolsky sold 2,190 shares of the company's stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,855 shares of company stock valued at $9,215,048. Insiders own 10.80% of the company's stock.

Amazon.com Stock Performance

Amazon.com stock traded up $11.53 during mid-day trading on Friday, reaching $197.93. 99,572,476 shares of the company's stock were exchanged, compared to its average volume of 41,329,359. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The business's fifty day simple moving average is $184.82 and its 200 day simple moving average is $183.75. Amazon.com, Inc. has a one year low of $136.47 and a one year high of $201.20. The firm has a market capitalization of $2.08 trillion, a PE ratio of 47.35, a P/E/G ratio of 1.46 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The company had revenue of $158.88 billion during the quarter, compared to analysts' expectations of $157.28 billion. During the same period in the previous year, the business earned $0.85 earnings per share. The firm's quarterly revenue was up 11.0% compared to the same quarter last year. On average, sell-side analysts expect that Amazon.com, Inc. will post 4.84 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on AMZN. Rosenblatt Securities raised their price objective on Amazon.com from $221.00 to $236.00 and gave the company a "buy" rating in a research note on Friday. Barclays boosted their price objective on Amazon.com from $220.00 to $235.00 and gave the stock an "overweight" rating in a research report on Friday, August 2nd. UBS Group upped their price target on Amazon.com from $220.00 to $223.00 and gave the company a "buy" rating in a research report on Monday. JMP Securities increased their price objective on Amazon.com from $265.00 to $285.00 and gave the stock a "market outperform" rating in a report on Friday. Finally, Robert W. Baird upped their target price on Amazon.com from $213.00 to $220.00 and gave the stock an "outperform" rating in a research note on Friday. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $244.11.

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.