Affinity Wealth Management LLC Purchases 380 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Affinity Wealth Management LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,511 shares of the e-commerce giant’s stock after acquiring an additional 380 shares during the quarter. Amazon.com accounts for approximately 1.9% of Affinity Wealth Management LLC’s portfolio, making the stock its 16th largest holding. Affinity Wealth Management LLC’s holdings in Amazon.com were worth $10,643,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in AMZN. Hoese & Co LLP bought a new position in shares of Amazon.com during the third quarter valued at about $37,000. Bull Oak Capital LLC bought a new position in shares of Amazon.com during the third quarter valued at about $45,000. Values First Advisors Inc. bought a new position in shares of Amazon.com during the third quarter valued at about $56,000. IFS Advisors LLC grew its stake in shares of Amazon.com by 1,625.0% during the fourth quarter. IFS Advisors LLC now owns 345 shares of the e-commerce giant’s stock valued at $76,000 after buying an additional 325 shares during the last quarter. Finally, West Financial Advisors LLC bought a new position in shares of Amazon.com during the fourth quarter valued at about $88,000. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction on 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 owns 24,912 shares of the company’s stock, valued at $4,958,982.72. The trade was a 4.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the sale, the director now directly owns 88,203 shares of the company’s stock, valued at approximately $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 ninety days, insiders sold 51,848 shares of company stock worth $11,368,639. Insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN opened at $228.68 on Friday. The firm has a market cap of $2.40 trillion, a PE ratio of 41.35, a P/E/G ratio of 1.36 and a beta of 1.15. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The firm has a fifty day simple moving average of $228.18 and a two-hundred day simple moving average of $201.98. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 25.49%. On average, equities analysts anticipate that Amazon.com, Inc. will post 6.24 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on AMZN shares. Royal Bank of Canada increased their target price on shares of Amazon.com from $255.00 to $265.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Barclays increased their target price on shares of Amazon.com from $235.00 to $265.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Rosenblatt Securities increased their target price on shares of Amazon.com from $236.00 to $287.00 and gave the stock a “buy” rating in a report on Friday, February 7th. UBS Group increased their target price on shares of Amazon.com from $230.00 to $264.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Finally, Robert W. Baird increased their target price on shares of Amazon.com from $220.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Two equities research 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 MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and a consensus price target of $260.74.

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.