Avaii Wealth Management LLC Purchases 806 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Avaii Wealth Management LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,086 shares of the e-commerce giant’s stock after purchasing an additional 806 shares during the quarter. Amazon.com comprises 4.8% of Avaii Wealth Management LLC’s investment portfolio, making the stock its 4th biggest position. Avaii Wealth Management LLC’s holdings in Amazon.com were worth $9,672,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Fiera Capital Corp raised its stake in shares of Amazon.com by 12.5% in 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 period. EPIQ Capital Group LLC raised its stake in shares of Amazon.com by 250.0% in the 2nd quarter. EPIQ Capital Group LLC now owns 8,071 shares of the e-commerce giant’s stock valued at $1,560,000 after acquiring an additional 5,765 shares during the period. Plancorp LLC raised its stake in shares of Amazon.com by 2.9% in the 2nd quarter. Plancorp LLC now owns 31,451 shares of the e-commerce giant’s stock valued at $6,078,000 after acquiring an additional 897 shares during the period. Virtu Financial LLC raised its stake in shares of Amazon.com by 66.6% in the 2nd quarter. Virtu Financial LLC now owns 76,249 shares of the e-commerce giant’s stock valued at $14,735,000 after acquiring an additional 30,492 shares during the period. Finally, Tower Wealth Partners Inc. raised its stake in shares of Amazon.com by 20.9% in the 2nd quarter. Tower Wealth Partners Inc. now owns 4,474 shares of the e-commerce giant’s stock valued at $865,000 after acquiring an additional 773 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Performance

Shares of AMZN opened at $228.68 on Friday. The company has a 50-day simple moving average of $228.18 and a 200-day simple moving average of $201.98. 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 capitalization of $2.40 trillion, a PE ratio of 41.35, a P/E/G ratio of 1.36 and a beta of 1.15. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) 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%. Equities research analysts predict that Amazon.com, Inc. will post 6.24 earnings per share for the current fiscal year.

Insider Activity

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 transaction, 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 legal filing with the SEC, which can be accessed through this link. Also, CEO Matthew S. Garman sold 15,260 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the transaction, the chief executive officer now owns 349,261 shares of the company’s stock, valued at $69,918,559.59. This trade represents a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 51,848 shares of company stock worth $11,368,639 in the last 90 days. 10.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on AMZN shares. Mizuho boosted their price target on shares of Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Evercore ISI upped their target price on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Redburn Atlantic upped their target price on shares of Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Robert W. Baird upped their target price on shares of Amazon.com from $220.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Finally, Sanford C. Bernstein upped their target price on shares of Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 18th. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $260.74.

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.