Great Waters Wealth Management Boosts Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Great Waters Wealth Management grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,800 shares of the e-commerce giant’s stock after buying an additional 430 shares during the period. Great Waters Wealth Management’s holdings in Amazon.com were worth $1,711,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Fiera Capital Corp raised its stake in Amazon.com by 12.5% during the 2nd quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock valued at $77,515,000 after acquiring an additional 44,615 shares during the last quarter. Prudential PLC increased its position in shares of Amazon.com by 9.5% in the second quarter. Prudential PLC now owns 781,596 shares of the e-commerce giant’s stock valued at $151,043,000 after buying an additional 67,971 shares in the last quarter. Clifford Swan Investment Counsel LLC grew its position in shares of Amazon.com by 0.6% in the second quarter. Clifford Swan Investment Counsel LLC now owns 177,643 shares of the e-commerce giant’s stock valued at $34,330,000 after purchasing an additional 1,083 shares during the last quarter. Roof Eidam Maycock Peralta LLC boosted its stake in shares of Amazon.com by 30.8% during the second quarter. Roof Eidam Maycock Peralta LLC now owns 6,882 shares of the e-commerce giant’s stock valued at $1,330,000 after acquiring an additional 1,622 shares during the last quarter. Finally, Wedbush Securities Inc. raised its position in shares of Amazon.com by 2.7% in the second quarter. Wedbush Securities Inc. now owns 468,400 shares of the e-commerce giant’s stock valued at $90,518,000 after buying an additional 12,272 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In related news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $210.00, for a total value of $735,000.00. Following the completion of the transaction, the chief executive officer now directly owns 524,567 shares of the company’s stock, valued at approximately $110,159,070. This represents a 0.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction that occurred on 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 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. In the last three months, insiders have sold 3,026,212 shares of company stock worth $625,666,424. Company insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

NASDAQ AMZN opened at $238.83 on Friday. The stock has a market cap of $2.51 trillion, a P/E ratio of 51.14, a PEG ratio of 1.35 and a beta of 1.15. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company’s 50-day simple moving average is $225.85 and its 200 day simple moving average is $200.03.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. As a group, research analysts forecast that Amazon.com, Inc. will post 5.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several recent analyst reports. TD Cowen increased their price objective on shares of Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Oppenheimer boosted their price target on Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Mizuho lifted their price target on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Jefferies Financial Group raised their price target on Amazon.com from $235.00 to $275.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Finally, Bank of America lifted their price objective on shares of Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Two 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 company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $252.56.

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.