David Wealth Management LLC acquired a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,938 shares of the e-commerce giant’s stock, valued at approximately $644,000. Amazon.com makes up about 0.5% of David Wealth Management LLC’s holdings, making the stock its 21st largest position.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Accordant Advisory Group Inc raised its position in shares of Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after buying an additional 100 shares during the period. Quattro Financial Advisors LLC grew its holdings in Amazon.com by 23.8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after acquiring an additional 45 shares in the last quarter. Bull Oak Capital LLC acquired a new stake in Amazon.com during the third quarter valued at approximately $45,000. Iron Horse Wealth Management LLC raised its holdings in shares of Amazon.com by 64.4% during the fourth quarter. Iron Horse Wealth Management LLC now owns 286 shares of the e-commerce giant’s stock worth $63,000 after purchasing an additional 112 shares during the period. Finally, Values First Advisors Inc. bought a new position in shares of Amazon.com during the third quarter valued at approximately $56,000. 72.20% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the completion of the transaction, the chief executive officer now owns 2,118,886 shares in the company, valued at $467,532,195.90. This trade represents a 0.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 5,501 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the completion of the sale, the chief executive officer now owns 505,318 shares in the company, valued at $115,434,843.92. The trade was a 1.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 102,298 shares of company stock valued at $22,871,828 over the last ninety days. 10.80% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on AMZN shares. Maxim Group lifted their price objective on shares of Amazon.com from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Jefferies Financial Group increased their target price on shares of Amazon.com from $235.00 to $275.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. The Goldman Sachs Group increased their price target on shares of Amazon.com from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Barclays increased their target price on Amazon.com from $235.00 to $265.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Finally, Benchmark lifted their price objective on Amazon.com from $215.00 to $265.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Two equities research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and a consensus target price of $260.65.
Get Our Latest Research Report on AMZN
Amazon.com Trading Down 2.4 %
Shares of NASDAQ AMZN opened at $194.54 on Tuesday. The company has a market cap of $2.06 trillion, a PE ratio of 35.18, a P/E/G ratio of 1.50 and a beta of 1.19. The firm’s 50 day moving average price is $223.57 and its 200-day moving average price is $207.12. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06.
Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. On average, equities research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.
Amazon.com Company 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.
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