Purus Wealth Management LLC Boosts Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Purus Wealth Management LLC boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,879 shares of the e-commerce giant’s stock after purchasing an additional 250 shares during the period. Amazon.com comprises approximately 4.2% of Purus Wealth Management LLC’s holdings, making the stock its 5th largest holding. Purus Wealth Management LLC’s holdings in Amazon.com were worth $10,724,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of AMZN. Penn Davis Mcfarland Inc. increased its stake in shares of Amazon.com by 28.8% during the fourth quarter. Penn Davis Mcfarland Inc. now owns 12,245 shares of the e-commerce giant’s stock valued at $2,686,000 after buying an additional 2,735 shares during the period. Lee Johnson Capital Management LLC increased its position in Amazon.com by 0.7% during the 4th quarter. Lee Johnson Capital Management LLC now owns 23,820 shares of the e-commerce giant’s stock valued at $5,226,000 after purchasing an additional 174 shares during the period. McCarthy & Cox bought a new position in Amazon.com in the 4th quarter worth $215,000. Maltin Wealth Management Inc. lifted its position in shares of Amazon.com by 36.1% in the 4th quarter. Maltin Wealth Management Inc. now owns 3,395 shares of the e-commerce giant’s stock worth $745,000 after purchasing an additional 900 shares during the period. Finally, Flower City Capital boosted its stake in shares of Amazon.com by 9.0% during the 4th quarter. Flower City Capital now owns 3,152 shares of the e-commerce giant’s stock valued at $692,000 after purchasing an additional 260 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on AMZN. Raymond James increased their price target 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. Cantor Fitzgerald reissued an “overweight” rating and issued a $270.00 target price on shares of Amazon.com in a research report on Wednesday, January 22nd. BMO Capital Markets restated an “outperform” rating and set a $236.00 price target on shares of Amazon.com in a research report on Tuesday, December 3rd. Mizuho increased their price objective on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Finally, Pivotal Research assumed coverage on shares of Amazon.com in a report on Friday, October 11th. They set a “buy” rating and a $260.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $252.56.

Insider Activity at Amazon.com

In related news, Director Jonathan Rubinstein sold 4,766 shares of Amazon.com stock in a transaction on 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 transaction, the director now directly owns 94,630 shares in the company, valued at approximately $19,858,105.50. The trade was a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $208.85, for a total value of $625,790,203.70. Following the completion of the sale, the insider now owns 917,416,976 shares of the company’s stock, valued at approximately $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 ninety days, insiders sold 6,027,340 shares of company stock worth $1,252,456,773. 10.80% of the stock is owned by company insiders.

Amazon.com Trading Up 2.0 %

Amazon.com stock opened at $242.06 on Wednesday. The business has a 50-day simple moving average of $224.55 and a two-hundred day simple moving average of $199.36. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The company has a market cap of $2.55 trillion, a P/E ratio of 51.83, a P/E/G ratio of 1.35 and a beta of 1.15.

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.