Praetorian Wealth Management Inc. Takes Position in Amazon.com, Inc. (NASDAQ:AMZN)

Praetorian Wealth Management Inc. acquired a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,328 shares of the e-commerce giant’s stock, valued at approximately $730,000.

Several other hedge funds have also recently made changes to their positions in the stock. Heartwood Wealth Advisors LLC boosted its position in shares of Amazon.com by 4.9% in the fourth quarter. Heartwood Wealth Advisors LLC now owns 11,158 shares of the e-commerce giant’s stock worth $2,448,000 after purchasing an additional 523 shares during the period. Sage Capital Advisors llc boosted its position in shares of Amazon.com by 0.6% in the fourth quarter. Sage Capital Advisors llc now owns 71,463 shares of the e-commerce giant’s stock worth $15,678,000 after purchasing an additional 396 shares during the period. LVM Capital Management Ltd. MI boosted its position in shares of Amazon.com by 16.4% in the fourth quarter. LVM Capital Management Ltd. MI now owns 5,776 shares of the e-commerce giant’s stock worth $1,267,000 after purchasing an additional 813 shares during the period. Avondale Wealth Management boosted its position in shares of Amazon.com by 2.7% in the fourth quarter. Avondale Wealth Management now owns 8,055 shares of the e-commerce giant’s stock worth $1,767,000 after purchasing an additional 215 shares during the period. Finally, ORG Partners LLC boosted its position in shares of Amazon.com by 30.1% in the fourth quarter. ORG Partners LLC now owns 35,201 shares of the e-commerce giant’s stock worth $7,723,000 after purchasing an additional 8,152 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Jonathan Rubinstein sold 5,004 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $199.85, for a total value of $1,000,049.40. Following the completion of the transaction, the director now directly owns 99,396 shares of the company’s stock, valued at $19,864,290.60. This trade represents a 4.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the transaction, the director now directly owns 24,912 shares of the company’s stock, valued at $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,032,344 shares of company stock worth $1,253,456,822 in the last three months. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Trading Up 2.1 %

NASDAQ AMZN opened at $230.71 on Wednesday. The company’s 50-day moving average price is $218.30 and its 200-day moving average price is $196.47. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The stock has a market cap of $2.43 trillion, a PE ratio of 49.40, a PEG ratio of 1.26 and a beta of 1.14. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $233.00.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The firm had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.85 earnings per share. Equities research analysts forecast that Amazon.com, Inc. will post 5.39 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on AMZN shares. UBS Group upped their price target on shares of Amazon.com from $230.00 to $264.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. HSBC upped their price target on shares of Amazon.com from $225.00 to $270.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. The Goldman Sachs Group upped their price target on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Wells Fargo & Company boosted their target price on shares of Amazon.com from $197.00 to $212.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 14th. Finally, Stifel Nicolaus boosted their target price on shares of Amazon.com from $224.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Amazon.com has an average rating of “Moderate Buy” and a consensus price target of $246.85.

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.