Amazon.com, Inc. (NASDAQ:AMZN) is Darden Wealth Group Inc’s 5th Largest Position

Darden Wealth Group Inc boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,024 shares of the e-commerce giant’s stock after acquiring an additional 269 shares during the period. Amazon.com accounts for approximately 4.5% of Darden Wealth Group Inc’s holdings, making the stock its 5th biggest holding. Darden Wealth Group Inc’s holdings in Amazon.com were worth $6,340,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in AMZN. ERn Financial LLC lifted its stake in shares of Amazon.com by 2.2% in the 2nd quarter. ERn Financial LLC now owns 18,888 shares of the e-commerce giant’s stock valued at $3,650,000 after purchasing an additional 413 shares during the period. Everpar Advisors LLC raised its holdings in Amazon.com by 25.2% in the second quarter. Everpar Advisors LLC now owns 22,270 shares of the e-commerce giant’s stock worth $4,304,000 after purchasing an additional 4,483 shares in the last quarter. FMA Wealth Management LLC lifted its position in Amazon.com by 15.4% during the second quarter. FMA Wealth Management LLC now owns 1,500 shares of the e-commerce giant’s stock valued at $290,000 after buying an additional 200 shares during the period. E&G Advisors LP boosted its holdings in shares of Amazon.com by 1.3% during the 2nd quarter. E&G Advisors LP now owns 26,223 shares of the e-commerce giant’s stock valued at $5,068,000 after buying an additional 341 shares in the last quarter. Finally, 1858 Wealth Management LLC grew its position in shares of Amazon.com by 21.4% in the 2nd quarter. 1858 Wealth Management LLC now owns 16,610 shares of the e-commerce giant’s stock worth $3,210,000 after buying an additional 2,929 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $220.22 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The stock has a 50-day simple moving average of $211.67 and a two-hundred day simple moving average of $193.59. The firm has a market capitalization of $2.32 trillion, a PE ratio of 47.16, a P/E/G ratio of 1.54 and a beta of 1.16. Amazon.com, Inc. has a 52-week low of $144.05 and a 52-week high of $233.00.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The company had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm’s revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.85 EPS. Analysts forecast that Amazon.com, Inc. will post 5.29 EPS for the current year.

Insiders Place Their Bets

In related news, insider Jeffrey P. Bezos sold 2,996,362 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $206.75, for a total value of $619,497,843.50. Following the transaction, the insider now directly owns 914,420,614 shares of the company’s stock, valued at approximately $189,056,461,944.50. The trade was a 0.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction 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. This trade represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,032,344 shares of company stock worth $1,253,456,822 over the last three months. 10.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Morgan Stanley lifted their price target on shares of Amazon.com from $210.00 to $230.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. boosted their price target on Amazon.com from $250.00 to $280.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. TD Cowen upped their price target on Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Oppenheimer lifted their price objective on Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, DA Davidson reissued a “buy” rating and issued a $235.00 target price on shares of Amazon.com in a research note on Thursday, October 10th. Two equities research analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $243.00.

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.