NRI Wealth Management LC Makes New Investment in Amazon.com, Inc. (NASDAQ:AMZN)

NRI Wealth Management LC acquired a new position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 27,304 shares of the e-commerce giant's stock, valued at approximately $5,990,000. Amazon.com comprises approximately 4.1% of NRI Wealth Management LC's holdings, making the stock its 7th biggest position.

Several other large investors have also modified their holdings of AMZN. Helios Capital Management PTE. Ltd. boosted its holdings in Amazon.com by 15.1% in the 2nd quarter. Helios Capital Management PTE. Ltd. now owns 40,500 shares of the e-commerce giant's stock valued at $7,827,000 after purchasing an additional 5,300 shares during the period. Avion Wealth raised its position in shares of Amazon.com by 22.2% during the second quarter. Avion Wealth now owns 5,544 shares of the e-commerce giant's stock valued at $1,071,000 after buying an additional 1,007 shares during the last quarter. Durante & Waters LLC lifted its stake in shares of Amazon.com by 2.6% in the second quarter. Durante & Waters LLC now owns 7,051 shares of the e-commerce giant's stock valued at $1,363,000 after buying an additional 180 shares during the period. 1900 Wealth Management LLC grew its position in Amazon.com by 0.5% during the second quarter. 1900 Wealth Management LLC now owns 21,982 shares of the e-commerce giant's stock worth $4,248,000 after buying an additional 101 shares in the last quarter. Finally, Ballast Advisors LLC increased its stake in Amazon.com by 1.0% during the second quarter. Ballast Advisors LLC now owns 20,681 shares of the e-commerce giant's stock valued at $3,997,000 after acquiring an additional 197 shares during the period. 72.20% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Jonathan Rubinstein sold 4,351 shares of the business's stock in a transaction on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the sale, the director now directly owns 88,203 shares of the company's stock, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 5,502 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $205.81, for a total value of $1,132,366.62. Following the transaction, the chief executive officer now owns 518,911 shares of the company's stock, valued at approximately $106,797,072.91. This trade represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,032,344 shares of company stock worth $1,253,456,822. Corporate insiders own 10.80% of the company's stock.

Amazon.com Trading Up 2.4 %

Amazon.com stock traded up $5.28 during midday trading on Friday, hitting $225.94. 42,097,354 shares of the stock were exchanged, compared to its average volume of 27,997,364. The stock has a market capitalization of $2.38 trillion, a PE ratio of 48.38, a P/E/G ratio of 1.22 and a beta of 1.14. The company has a fifty day simple moving average of $217.91 and a two-hundred day simple moving average of $196.28. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $233.00.

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, topping analysts' consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company had revenue of $158.88 billion for the quarter, compared to analysts' expectations of $157.28 billion. During the same period last year, the firm posted $0.85 earnings per share. The business's quarterly revenue was up 11.0% compared to the same quarter last year. Equities research analysts anticipate that Amazon.com, Inc. will post 5.38 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Maxim Group lifted their price objective on Amazon.com from $251.00 to $260.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Tigress Financial lifted their price target on shares of Amazon.com from $245.00 to $290.00 and gave the stock a "buy" rating in a research note on Friday, December 20th. Wedbush increased their price objective on shares of Amazon.com from $250.00 to $260.00 and gave the company an "outperform" rating in a research note on Monday, January 6th. Piper Sandler raised their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the stock an "overweight" rating in a report on Friday, November 1st. Finally, UBS Group upped their target price on shares of Amazon.com from $230.00 to $264.00 and gave the company a "buy" rating in a research note on Monday, December 16th. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $245.65.

About Amazon.com

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.