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Headlines
- Moss Adams Wealth Advisors LLC boosts Amazon.com holdings by 16.9% in Q4.
- Institutional ownership remains strong with significant investments from various firms.
Increased Institutional Interest
Recently, Moss Adams Wealth Advisors LLC expanded its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 16.9% during the fourth quarter, as per its 13F filing with the SEC. The fund's Amazon holdings, now standing at 39,119 shares valued at $8,582,000, showcase the company's 16th largest holding.
Other institutional investors are also enhancing their position in Amazon. Icon Wealth Advisors LLC grew its holdings by 20.5% in the third quarter. At the same time, Hoese & Co LLP, Bull Oak Capital LLC, and Values First Advisors Inc. each acquired new positions. Furthermore, IFS Advisors LLC expanded its holding by an impressive 1,625% in the same period. Overall, 72.20% of Amazon's stock is owned by institutional investors and hedge funds, highlighting strong confidence in the company's potential.
Analyst Ratings and Stock Performance
At the start of trading on Monday, Amazon stock opened at $237.68, with a market cap of $2.50 trillion. The stock has demonstrated robust performance with a year-high of $241.77. Financial ratios indicate a stable financial standing, with a P/E ratio of 50.90 and a debt-to-equity ratio of 0.21.
Recent Earnings and Revenue Growth
In its latest quarterly earnings release, Amazon reported results that exceeded market expectations, with an EPS of $1.43, surpassing analysts' estimates of $1.14. The company's revenue hit $158.88 billion, marking an 11.0% year-on-year increase. Key financial metrics reveal Amazon's strong return on equity at 22.41% and a notable net margin of 8.04%, underscoring its operating efficiency.
Insider Transactions
Recent insider activity includes stock sales by key executives. CEO Douglas J. Herrington disposed of 3,500 shares valued at $735,000, while Director Jonathan Rubinstein sold 4,766 shares for approximately $1,000,145.10. As a result, insiders hold 10.80% of Amazon’s stock, worth noting amidst overall investor sentiment.
Company Overview
Amazon.com, Inc operates a comprehensive retail platform that serves North America and international markets, offering consumer products, advertising, and subscription services. Additionally, Amazon produces and markets electronic devices like Kindle and Fire tablets and develops original media content.
