TrueWealth Advisors LLC Grows Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

TrueWealth Advisors LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 10.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,316 shares of the e-commerce giant’s stock after acquiring an additional 753 shares during the quarter. TrueWealth Advisors LLC’s holdings in Amazon.com were worth $1,824,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the business. Icon Wealth Advisors LLC grew its stake in shares of Amazon.com by 20.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after buying an additional 25,581 shares during the last quarter. Hoese & Co LLP bought a new stake in Amazon.com in the third quarter worth $37,000. Bull Oak Capital LLC purchased a new stake in shares of Amazon.com in the third quarter worth $45,000. Values First Advisors Inc. bought a new position in shares of Amazon.com during the third quarter valued at $56,000. Finally, IFS Advisors LLC raised its position in shares of Amazon.com by 1,625.0% in the 4th quarter. IFS Advisors LLC now owns 345 shares of the e-commerce giant’s stock worth $76,000 after purchasing an additional 325 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $210.00, for a total value of $735,000.00. Following the transaction, the chief executive officer now owns 524,567 shares of the company’s stock, valued at $110,159,070. This trade represents a 0.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction dated 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 owns 88,203 shares in the company, valued at $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,027,340 shares of company stock valued at $1,252,456,773. Company insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several recent analyst reports. Truist Financial increased 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. Jefferies Financial Group raised their price target on shares of Amazon.com from $235.00 to $275.00 and gave the company a “buy” rating in a research report on Monday, December 16th. JPMorgan Chase & Co. boosted their price target on Amazon.com from $250.00 to $280.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Benchmark increased their price objective on Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Morgan Stanley upped 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. Two research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $250.33.

Amazon.com Trading Up 1.3 %

AMZN opened at $237.68 on Friday. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 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. The stock has a 50-day moving average of $223.02 and a 200 day moving average of $198.55. The firm has a market cap of $2.50 trillion, a P/E ratio of 50.90, a P/E/G ratio of 1.35 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 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 during the quarter, compared to analyst estimates of $157.28 billion. During the same period in the previous year, the firm earned $0.85 earnings per share. Amazon.com’s quarterly revenue was up 11.0% compared to the same quarter last year. As a group, research analysts forecast that Amazon.com, Inc. will post 5.3 EPS for the current year.

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.