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Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Walkner Condon Financial Advisors LLC

Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Walkner Condon Financial Advisors LLC

  • 12 hours ago
  • etfdailynews.com
  • Keywords: GDPR

Walkner Condon Financial Advisors LLC increased its stake in Amazon.com by 6.5%, purchasing additional shares, while other institutions also boosted their holdings. Amazon's stock is performing well with a positive outlook from analysts, reflecting strong investor confidence.

Amazon ReportsAmazon Services

Estimated market influence

Walkner Condon Financial Advisors LLC

Positive
Analyst rating: N/A

Walkner Condon Financial Advisors LLC increased its stake in Amazon.com by 6.5% in the 4th quarter, purchasing an additional 698 shares and now owns 11,433 shares worth $2,508,000.

Accordant Advisory Group Inc

Positive
Analyst rating: N/A

Accordant Advisory Group Inc raised its stake in Amazon.com by 400.0% in the fourth quarter, now owning 125 shares worth $27,000 after purchasing an additional 100 shares.

Icon Wealth Advisors LLC

Positive
Analyst rating: N/A

Icon Wealth Advisors LLC increased its holdings in Amazon.com by 20.5%, now owning 150,661 shares worth $28,000 after buying an additional 25,581 shares.

Bull Oak Capital LLC

Positive
Analyst rating: N/A

Bull Oak Capital LLC purchased a new position in Amazon.com during the 3rd quarter worth approximately $45,000.

Quattro Financial Advisors LLC

Positive
Analyst rating: N/A

Quattro Financial Advisors LLC lifted its stake in Amazon.com by 23.8%, now owning 234 shares valued at $51,000 after acquiring an additional 45 shares.

Values First Advisors Inc.

Positive
Analyst rating: N/A

Values First Advisors Inc. purchased a new stake in Amazon.com in the 3rd quarter valued at $56,000.

Amazon.com, Inc.

Amazon.com, Inc.

Positive
Analyst rating: Strong buy

Amazon.com has seen increased investment from multiple hedge funds and institutional investors, with 72.20% of its stock owned by such entities. The company reported strong earnings and positive market performance, including a share price increase of 1.2%. Amazon's market capitalization is $2.11 trillion, with a P/E ratio of 35.97 and a PEG ratio of 1.50. The company has a net margin of 9.29% and a return on equity of 24.25%, with sell-side analysts forecasting EPS growth.

JMP Securities

Positive
Analyst rating: N/A

JMP Securities reissued a 'market outperform' rating and set a $285.00 target price on Amazon.com shares.

Sanford C. Bernstein

Positive
Analyst rating: N/A

Sanford C. Bernstein lifted their price objective from $235.00 to $265.00 and gave an 'outperform' rating to Amazon.com.

Robert W. Baird

Positive
Analyst rating: N/A

Robert W. Baird upped their target price on Amazon.com from $220.00 to $260.00 and gave the stock an 'outperform' rating.

Telsey Advisory Group

Positive
Analyst rating: N/A

Telsey Advisory Group reiterated an 'outperform' rating and set a $275.00 price target on Amazon.com shares.

Barclays

Barclays

Positive
Analyst rating: Buy

Barclays upped their price objective on Amazon.com from $235.00 to $265.00 and gave the stock an 'overweight' rating.

Context

Analysis of Amazon.com (NASDAQ:AMZN) Stock Purchase by Walkner Condon Financial Advisors LLC

Key Business Insights and Market Implications

  • Institutional Investment Activity:

    • Walkner Condon Financial Advisors LLC increased its stake in Amazon.com by 6.5%, purchasing an additional 698 shares during the 4th quarter, worth approximately $2,508,000.
    • Other institutional investors such as Accordant Advisory Group Inc., Icon Wealth Advisors LLC, Bull Oak Capital LLC, and Quattro Financial Advisors LLC also increased their holdings in Amazon.com during the same period.

  • Market Performance:

    • Amazon.com shares opened at $198.89, with a 12-month low of $151.61 and a 12-month high of $242.52.
    • The company has a market capitalization of $2.11 trillion, a P/E ratio of 35.97, a PEG ratio of 1.50, and a beta of 1.19.

  • Financial Results:

    • Amazon.com reported $1.86 earnings per share (EPS) for the latest quarter, exceeding the consensus estimate of $1.52.
    • The company achieved a net margin of 9.29% and a return on equity (ROE) of 24.25%.

  • Analyst Sentiment:

    • Several research firms upgraded Amazon.com, with target prices ranging from $235.00 to $285.00, reflecting positive sentiment.
    • The consensus rating for Amazon.com is "Moderate Buy" with a consensus target price of $260.65.

  • Ownership and Insider Trading:

    • Institutional investors collectively own 72.20% of Amazon.com's stock, indicating significant investor confidence.
    • Insiders sold a total of 102,298 shares worth $22,871,828 over the last three months, with top executives such as Andrew R. Jassy and Douglas J. Herrington reducing their positions by 0.97% and 1.08%, respectively.

Strategic Considerations and Competitive Dynamics

  • Amazon.com's diversified business model, including e-commerce, advertising, subscriptions, and AWS (Amazon Web Services), continues to drive strong financial performance.
  • The company's ability to consistently outperform earnings expectations highlights its operational efficiency and growth potential.
  • Positive analyst upgrades and increased institutional ownership underscore the long-term investment appeal of Amazon.com.

Long-Term Effects and Regulatory Implications

  • While regulatory scrutiny in areas such as antitrust and data privacy remains a risk, there is no direct mention of GDPR or privacy-related developments in the text.
  • The company's focus on innovation, particularly in AI, cloud services, and logistics, positions it for sustained growth in key markets.

Conclusion

The increased investment activity by institutional investors, coupled with positive analyst sentiment and strong financial results, suggests continued confidence in Amazon.com's long-term prospects.