Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Increased by BNC Wealth Management LLC

BNC Wealth Management LLC increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 92,704 shares of the e-commerce giant’s stock after buying an additional 2,315 shares during the quarter. Amazon.com comprises approximately 6.7% of BNC Wealth Management LLC’s portfolio, making the stock its 3rd biggest holding. BNC Wealth Management LLC’s holdings in Amazon.com were worth $20,338,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in AMZN. Avalon Advisory Group purchased a new position in shares of Amazon.com in the 4th quarter worth about $217,000. Sandy Cove Advisors LLC grew its stake in shares of Amazon.com by 5.2% in the fourth quarter. Sandy Cove Advisors LLC now owns 14,294 shares of the e-commerce giant’s stock valued at $3,136,000 after buying an additional 707 shares in the last quarter. Wealth Alliance Advisory Group LLC grew its stake in shares of Amazon.com by 3.4% in the fourth quarter. Wealth Alliance Advisory Group LLC now owns 24,765 shares of the e-commerce giant’s stock valued at $5,433,000 after buying an additional 806 shares in the last quarter. Bowman & Co S.C. grew its stake in Amazon.com by 2.0% during the 4th quarter. Bowman & Co S.C. now owns 6,961 shares of the e-commerce giant’s stock valued at $1,527,000 after purchasing an additional 137 shares in the last quarter. Finally, Moss Adams Wealth Advisors LLC grew its stake in Amazon.com by 16.9% during the 4th quarter. Moss Adams Wealth Advisors LLC now owns 39,119 shares of the e-commerce giant’s stock valued at $8,582,000 after purchasing an additional 5,659 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Amazon.com

In related news, insider Jeffrey P. Bezos sold 2,996,362 shares of the business’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 transaction, the insider now directly owns 917,416,976 shares in the company, valued at $191,602,535,437.60. The trade was a 0.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following 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. Over the last ninety days, insiders have sold 6,027,340 shares of company stock worth $1,252,456,773. Company insiders own 10.80% of the company’s stock.

Amazon.com Trading Up 1.3 %

Amazon.com stock opened at $237.68 on Monday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The business’s 50-day simple moving average is $223.83 and its 200-day simple moving average is $198.91. The firm has a market capitalization of $2.50 trillion, a PE ratio of 50.90, a PEG ratio of 1.35 and a beta of 1.14. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $241.77.

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 analysts’ consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.85 earnings per share. Equities research analysts forecast that Amazon.com, Inc. will post 5.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on AMZN shares. Moffett Nathanson increased their target price on Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. TD Cowen lifted their price target on Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. HSBC lifted their target price on Amazon.com from $225.00 to $270.00 and gave the stock a “buy” rating in a report on Monday, January 13th. UBS Group lifted their target price on Amazon.com from $230.00 to $264.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Finally, Wedbush reiterated an “outperform” rating and set a $280.00 price target (up previously from $260.00) on shares of Amazon.com in a report on Monday, January 27th. Two investment analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $251.44.

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.