Compass Wealth Management LLC Grows Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Compass Wealth Management LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,023 shares of the e-commerce giant’s stock after purchasing an additional 100 shares during the quarter. Compass Wealth Management LLC’s holdings in Amazon.com were worth $1,321,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AMZN. Icon Wealth Advisors LLC boosted its holdings in Amazon.com by 20.5% during the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after purchasing an additional 25,581 shares during the last quarter. Hoese & Co LLP purchased a new position in Amazon.com during the third quarter worth about $37,000. Bull Oak Capital LLC purchased a new position in Amazon.com during the third quarter worth about $45,000. Values First Advisors Inc. purchased a new position in Amazon.com in the third quarter valued at about $56,000. Finally, Harbor Investment Advisory LLC boosted its stake in Amazon.com by 1.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 301,946 shares of the e-commerce giant’s stock valued at $66,000 after acquiring an additional 3,055 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Up 0.6 %

Shares of NASDAQ AMZN opened at $230.37 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The firm has a market capitalization of $2.42 trillion, a PE ratio of 41.66, a price-to-earnings-growth ratio of 1.36 and a beta of 1.15. The firm has a fifty day simple moving average of $227.98 and a two-hundred day simple moving average of $201.78.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 25.49%. Equities analysts expect that Amazon.com, Inc. will post 6.24 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on AMZN shares. Rosenblatt Securities boosted their target price on shares of Amazon.com from $236.00 to $287.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Barclays boosted their target price on shares of Amazon.com from $235.00 to $265.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Royal Bank of Canada boosted their target price on shares of Amazon.com from $255.00 to $265.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Morgan Stanley boosted their target price on shares of Amazon.com from $230.00 to $280.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Finally, Raymond James boosted their target price on shares of Amazon.com from $260.00 to $275.00 in a research note on Monday. Two investment 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $260.74.

Insider Buying and Selling

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the sale, the director now directly owns 24,912 shares in the company, valued at approximately $4,958,982.72. This trade represents a 4.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $210.00, for a total transaction of $735,000.00. Following the sale, the chief executive officer now owns 524,567 shares of the company’s stock, valued at approximately $110,159,070. This represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,348 shares of company stock worth $5,036,214 in the last three months. 10.80% of the stock is owned by corporate insiders.

Amazon.com Company 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.