Amazon.com, Inc. (NASDAQ:AMZN) is StoneCrest Wealth Management Inc.’s 4th Largest Position

StoneCrest Wealth Management Inc. lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 30,436 shares of the e-commerce giant’s stock after acquiring an additional 155 shares during the period. Amazon.com accounts for approximately 4.4% of StoneCrest Wealth Management Inc.’s portfolio, making the stock its 4th biggest position. StoneCrest Wealth Management Inc.’s holdings in Amazon.com were worth $6,677,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Hoese & Co LLP acquired a new stake in shares of Amazon.com in the 3rd quarter valued at $37,000. Bull Oak Capital LLC purchased a new position in Amazon.com during the 3rd quarter worth $45,000. Values First Advisors Inc. purchased a new position in Amazon.com during the 3rd quarter worth $56,000. IFS Advisors LLC increased its stake in Amazon.com by 1,625.0% in the fourth quarter. IFS Advisors LLC now owns 345 shares of the e-commerce giant’s stock valued at $76,000 after purchasing an additional 325 shares during the period. Finally, West Financial Advisors LLC purchased a new stake in shares of Amazon.com in the fourth quarter valued at about $88,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Raymond James raised their target price on shares of Amazon.com from $230.00 to $260.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, January 21st. Oppenheimer upped their price target on shares of Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, November 1st. The Goldman Sachs Group boosted their price target on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, November 1st. BMO Capital Markets restated an “outperform” rating and issued a $236.00 price objective on shares of Amazon.com in a research report on Tuesday, December 3rd. Finally, Mizuho lifted their price objective on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Two investment analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $249.46.

Amazon.com Price Performance

Shares of AMZN stock opened at $237.07 on Thursday. The firm has a fifty day simple moving average of $221.62 and a 200-day simple moving average of $198.03. The company has a market capitalization of $2.49 trillion, a PE ratio of 50.76, a price-to-earnings-growth ratio of 1.31 and a beta of 1.14. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $241.77. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating 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 company had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. During the same period in the prior year, the company posted $0.85 EPS. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. Equities research analysts anticipate that Amazon.com, Inc. will post 5.39 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the transaction, the director now directly owns 88,203 shares in the company, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the firm’s stock in a transaction that occurred on 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 directly owns 917,416,976 shares of the company’s stock, valued at $191,602,535,437.60. The trade was a 0.33 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, 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.