Horizon Wealth Management LLC Purchases 2,460 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Horizon Wealth Management LLC boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 15.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,322 shares of the e-commerce giant’s stock after purchasing an additional 2,460 shares during the period. Amazon.com comprises about 0.7% of Horizon Wealth Management LLC’s investment portfolio, making the stock its 21st biggest position. Horizon Wealth Management LLC’s holdings in Amazon.com were worth $4,020,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Heritage Family Offices LLP bought a new stake in shares of Amazon.com during the second quarter worth approximately $206,000. Values Added Financial LLC increased its position in shares of Amazon.com by 3.2% during the second quarter. Values Added Financial LLC now owns 13,026 shares of the e-commerce giant’s stock worth $2,517,000 after acquiring an additional 399 shares in the last quarter. MBA Advisors LLC increased its position in shares of Amazon.com by 1.3% during the second quarter. MBA Advisors LLC now owns 6,766 shares of the e-commerce giant’s stock worth $1,308,000 after acquiring an additional 86 shares in the last quarter. Searle & CO. increased its position in shares of Amazon.com by 12.3% during the second quarter. Searle & CO. now owns 12,692 shares of the e-commerce giant’s stock worth $2,453,000 after acquiring an additional 1,392 shares in the last quarter. Finally, Bryn Mawr Capital Management LLC increased its position in shares of Amazon.com by 15.7% during the second quarter. Bryn Mawr Capital Management LLC now owns 148,136 shares of the e-commerce giant’s stock worth $28,416,000 after acquiring an additional 20,053 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AMZN has been the subject of several research reports. Robert W. Baird increased their price objective on shares of Amazon.com from $220.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Redburn Atlantic increased their target price on shares of Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Benchmark increased their target price on shares of Amazon.com from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Royal Bank of Canada increased their target price on shares of Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. increased their price target on shares of Amazon.com from $250.00 to $280.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Two research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $247.72.

Amazon.com Price Performance

AMZN stock opened at $235.42 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $235.52. The firm 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’s 50-day moving average price is $219.15 and its two-hundred day moving average price is $196.95.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same period last year, the firm earned $0.85 EPS. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. On average, analysts anticipate that Amazon.com, Inc. will post 5.39 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 2,996,362 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $208.85, for a total value of $625,790,203.70. Following the transaction, the insider now owns 917,416,976 shares in the company, valued at approximately $191,602,535,437.60. The trade was a 0.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Matthew S. Garman sold 15,260 shares of the business’s 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 owns 349,261 shares in the company, valued at $69,918,559.59. This trade represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,032,344 shares of company stock worth $1,253,456,822. Corporate insiders own 10.80% of the company’s stock.

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.