Sax Wealth Advisors LLC Invests $5.95 Million in Amazon.com, Inc. (NASDAQ:AMZN)

Sax Wealth Advisors LLC bought a new stake in 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 bought 27,117 shares of the e-commerce giant’s stock, valued at approximately $5,949,000.

Several other large investors have also modified their holdings of AMZN. Semus Wealth Partners LLC boosted its stake in shares of Amazon.com by 0.3% during the 3rd quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant’s stock worth $3,339,000 after acquiring an additional 49 shares in the last quarter. Bell Investment Advisors Inc lifted its holdings in shares of Amazon.com by 1.5% during the third quarter. Bell Investment Advisors Inc now owns 3,359 shares of the e-commerce giant’s stock valued at $626,000 after purchasing an additional 51 shares during the last quarter. O Connor Financial Group LLC lifted its holdings in shares of Amazon.com by 2.2% during the third quarter. O Connor Financial Group LLC now owns 2,536 shares of the e-commerce giant’s stock valued at $473,000 after purchasing an additional 55 shares during the last quarter. Cherrydale Wealth Management LLC boosted its position in shares of Amazon.com by 0.7% in the 3rd quarter. Cherrydale Wealth Management LLC now owns 7,492 shares of the e-commerce giant’s stock valued at $1,396,000 after purchasing an additional 55 shares during the period. Finally, Cedar Point Capital Partners LLC increased its stake in Amazon.com by 4.4% in the 3rd quarter. Cedar Point Capital Partners LLC now owns 1,324 shares of the e-commerce giant’s stock worth $247,000 after purchasing an additional 56 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In other news, insider Jeffrey P. Bezos sold 2,996,362 shares of Amazon.com stock in a transaction dated Friday, November 8th. The shares were 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 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jonathan Rubinstein sold 4,766 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $209.85, for a total transaction of $1,000,145.10. Following the completion of the transaction, the director now directly owns 94,630 shares of the company’s stock, valued at $19,858,105.50. This trade represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,027,340 shares of company stock worth $1,252,456,773 over the last three months. Company insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Telsey Advisory Group reiterated an “outperform” rating and issued a $275.00 target price on shares of Amazon.com in a report on Friday. Bank of America raised their price objective on shares of Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Morgan Stanley boosted their target price on shares of Amazon.com from $230.00 to $280.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Loop Capital increased their target price on Amazon.com from $225.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, Stifel Nicolaus lifted their price target on Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two investment 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 company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $250.33.

Amazon.com Trading Up 1.3 %

Shares of Amazon.com stock opened at $237.68 on Friday. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $241.77. The company’s fifty day simple moving average is $223.02 and its 200-day simple moving average is $198.55. The company has a market cap of $2.50 trillion, a price-to-earnings ratio of 50.90, a PEG ratio of 1.35 and a beta of 1.14. 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 (EPS) for the quarter, topping 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 company had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter in the previous year, the firm posted $0.85 EPS. The business’s revenue was up 11.0% compared to the same quarter last year. As a group, sell-side analysts expect that Amazon.com, Inc. will post 5.3 EPS for the current year.

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.