Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Simon Quick Advisors LLC

Simon Quick Advisors LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 154,553 shares of the e-commerce giant’s stock after purchasing an additional 5,672 shares during the quarter. Amazon.com comprises about 2.0% of Simon Quick Advisors LLC’s investment portfolio, making the stock its 13th largest position. Simon Quick Advisors LLC’s holdings in Amazon.com were worth $33,907,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Icon Wealth Advisors LLC lifted its position in shares of Amazon.com by 20.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after acquiring an additional 25,581 shares during the period. Hoese & Co LLP acquired a new position in Amazon.com during the third quarter worth $37,000. Bull Oak Capital LLC purchased a new stake in Amazon.com during the third quarter worth $45,000. Values First Advisors Inc. acquired a new stake in Amazon.com in the third quarter valued at $56,000. Finally, Harbor Investment Advisory LLC raised its stake in shares of Amazon.com by 1.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 301,946 shares of the e-commerce giant’s stock worth $66,000 after buying an additional 3,055 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Truist Financial raised their target price on shares of Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a report on Friday, November 1st. Sanford C. Bernstein lifted their price objective on Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Morgan Stanley increased their target price on Amazon.com from $230.00 to $280.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Benchmark boosted their price target on Amazon.com from $215.00 to $265.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Royal Bank of Canada increased their price objective on Amazon.com from $255.00 to $265.00 and gave the company an “outperform” rating in a research note on Friday. Two analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $260.20.

Amazon.com Stock Down 4.1 %

Shares of NASDAQ:AMZN opened at $229.15 on Friday. The company has a market capitalization of $2.41 trillion, a price-to-earnings ratio of 49.07, a price-to-earnings-growth ratio of 1.35 and a beta of 1.15. The company has a 50 day moving average of $226.51 and a two-hundred day moving average of $200.30. 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 52-week low of $151.61 and a 52-week high of $242.52.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating 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, analysts forecast that Amazon.com, Inc. will post 5.3 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,996,362 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $206.75, for a total value of $619,497,843.50. Following the sale, the insider now directly owns 914,420,614 shares in the company, valued at approximately $189,056,461,944.50. This trade represents a 0.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 5,502 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the transaction, the chief executive officer now owns 518,911 shares of the company’s stock, valued at $106,797,072.91. This represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,026,212 shares of company stock worth $625,666,424 over the last quarter. 10.80% of the stock is owned by company insiders.

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.