400 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Acquired by West Financial Advisors LLC

West Financial Advisors LLC purchased a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 400 shares of the e-commerce giant’s stock, valued at approximately $88,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in AMZN. Heritage Family Offices LLP purchased a new stake in shares of Amazon.com during the 2nd quarter worth about $206,000. Crestwood Advisors Group LLC raised its holdings in Amazon.com by 6.4% in the 2nd quarter. Crestwood Advisors Group LLC now owns 839,745 shares of the e-commerce giant’s stock worth $162,283,000 after purchasing an additional 50,629 shares during the period. United Asset Strategies Inc. boosted its position in Amazon.com by 8.0% during the second quarter. United Asset Strategies Inc. now owns 175,356 shares of the e-commerce giant’s stock worth $33,888,000 after purchasing an additional 13,059 shares in the last quarter. Consilium Wealth Advisory LLC grew its holdings in Amazon.com by 9.3% in the second quarter. Consilium Wealth Advisory LLC now owns 24,164 shares of the e-commerce giant’s stock valued at $4,670,000 after purchasing an additional 2,047 shares during the period. Finally, Flaharty Asset Management LLC raised its stake in shares of Amazon.com by 2.2% during the 2nd quarter. Flaharty Asset Management LLC now owns 4,032 shares of the e-commerce giant’s stock worth $779,000 after buying an additional 85 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on AMZN shares. Pivotal Research started coverage on shares of Amazon.com in a research note on Friday, October 11th. They issued a “buy” rating and a $260.00 price target on the stock. JMP Securities reissued a “market outperform” rating and set a $285.00 target price on shares of Amazon.com in a research note on Friday, January 10th. Deutsche Bank Aktiengesellschaft upped their price target 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. Tigress Financial lifted their price objective on Amazon.com from $245.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Finally, Redburn Atlantic increased their target price on Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Two analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $249.46.

Amazon.com Trading Up 1.2 %

AMZN opened at $238.15 on Wednesday. The business has a fifty day moving average price of $220.95 and a 200 day moving average price of $197.72. 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 $241.77. The stock has a market capitalization of $2.50 trillion, a price-to-earnings ratio of 51.00, a PEG ratio of 1.31 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates 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 in the prior year, the firm earned $0.85 earnings per share. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. Sell-side analysts expect 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 firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the sale, the insider now owns 917,416,976 shares of the company’s stock, valued at approximately $191,602,535,437.60. This trade represents a 0.33 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value 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. This trade represents a 4.73 % decrease in their ownership of the stock. 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. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com 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.