Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Abound Wealth Management

Abound Wealth Management boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 4.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,618 shares of the e-commerce giant’s stock after acquiring an additional 414 shares during the quarter. Amazon.com accounts for about 0.7% of Abound Wealth Management’s holdings, making the stock its 22nd biggest holding. Abound Wealth Management’s holdings in Amazon.com were worth $2,110,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Heritage Family Offices LLP acquired a new position in shares of Amazon.com in the 2nd quarter valued at $206,000. Values Added Financial LLC grew its position in Amazon.com by 3.2% in the 2nd quarter. Values Added Financial LLC now owns 13,026 shares of the e-commerce giant’s stock valued at $2,517,000 after buying an additional 399 shares during the last quarter. MBA Advisors LLC grew its position in Amazon.com by 1.3% in the 2nd quarter. MBA Advisors LLC now owns 6,766 shares of the e-commerce giant’s stock valued at $1,308,000 after buying an additional 86 shares during the last quarter. Searle & CO. grew its position in Amazon.com by 12.3% in the 2nd quarter. Searle & CO. now owns 12,692 shares of the e-commerce giant’s stock valued at $2,453,000 after buying an additional 1,392 shares during the last quarter. Finally, Bryn Mawr Capital Management LLC grew its position in Amazon.com by 15.7% in the 2nd quarter. Bryn Mawr Capital Management LLC now owns 148,136 shares of the e-commerce giant’s stock valued at $28,416,000 after buying an additional 20,053 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the topic of a number of analyst reports. JMP Securities reiterated a “market outperform” rating and issued a $285.00 price objective on shares of Amazon.com in a research report on Friday, January 10th. Truist Financial lifted their price objective on shares of Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Pivotal Research began coverage on shares of Amazon.com in a research report on Friday, October 11th. They set a “buy” rating and a $260.00 target price on the stock. Finally, Royal Bank of Canada boosted their target price on shares of Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Two 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.com, Amazon.com has an average rating of “Moderate Buy” and an average target price of $247.72.

Amazon.com Trading Up 0.2 %

NASDAQ AMZN opened at $235.42 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $235.52. The company has a market cap of $2.48 trillion, a P/E ratio of 50.41, a P/E/G ratio of 1.29 and a beta of 1.14. The company has a 50-day moving average of $219.15 and a 200-day moving average of $196.95.

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

Insider Transactions at Amazon.com

In other news, CEO Matthew S. Garman sold 15,260 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the completion of the transaction, the chief executive officer now directly owns 349,261 shares in the company, valued at approximately $69,918,559.59. This represents a 4.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 transaction, the director now owns 99,396 shares of the company’s stock, valued at approximately $19,864,290.60. This trade represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,032,344 shares of company stock worth $1,253,456,822. 10.80% of the stock is currently owned by company insiders.

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.