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

Diversify Wealth Management LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 30.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 98,519 shares of the e-commerce giant’s stock after buying an additional 22,853 shares during the quarter. Amazon.com makes up 1.7% of Diversify Wealth Management LLC’s holdings, making the stock its 7th largest holding. Diversify Wealth Management LLC’s holdings in Amazon.com were worth $21,570,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Fiera Capital Corp lifted its stake in Amazon.com by 12.5% in the 2nd quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock worth $77,515,000 after purchasing an additional 44,615 shares in the last quarter. Commonwealth Retirement Investments LLC lifted its stake in Amazon.com by 11.9% in the 2nd quarter. Commonwealth Retirement Investments LLC now owns 4,685 shares of the e-commerce giant’s stock worth $905,000 after purchasing an additional 500 shares in the last quarter. Gentry Private Wealth LLC purchased a new stake in shares of Amazon.com during the 2nd quarter valued at about $842,000. Valtinson Bruner Financial Planning LLC raised its position in shares of Amazon.com by 23.4% during the 2nd quarter. Valtinson Bruner Financial Planning LLC now owns 5,342 shares of the e-commerce giant’s stock valued at $1,032,000 after buying an additional 1,014 shares in the last quarter. Finally, Patron Partners LLC raised its position in shares of Amazon.com by 5.0% during the 2nd quarter. Patron Partners LLC now owns 29,500 shares of the e-commerce giant’s stock valued at $5,701,000 after buying an additional 1,400 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Maxim Group upped their target price on shares of Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Telsey Advisory Group reiterated an “outperform” rating and set a $275.00 price target on shares of Amazon.com in a report on Friday. Scotiabank upped their price target on shares of Amazon.com from $246.00 to $306.00 and gave the company a “sector outperform” rating in a report on Friday, January 24th. Cantor Fitzgerald reiterated an “overweight” rating and set a $270.00 price target on shares of Amazon.com in a report on Wednesday, January 22nd. Finally, Stifel Nicolaus upped their price target on shares of Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $251.44.

Amazon.com Trading Down 0.1 %

NASDAQ AMZN opened at $237.42 on Tuesday. The company has a fifty day simple moving average of $223.83 and a two-hundred day simple moving average of $198.98. The stock has a market cap of $2.50 trillion, a P/E ratio of 50.84, a P/E/G ratio of 1.35 and a beta of 1.15. 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.

Insiders Place Their Bets

In other news, CEO Matthew S. Garman sold 15,260 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $200.19, for a total value of $3,054,899.40. Following the sale, the chief executive officer now owns 349,261 shares in the company, valued at $69,918,559.59. This represents a 4.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction 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 sale, the director now owns 88,203 shares in the company, valued at $20,273,459.55. The trade was a 4.70 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,027,340 shares of company stock valued at $1,252,456,773. Insiders own 10.80% of the company’s stock.

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.