BSW Wealth Partners Acquires 1,580 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

BSW Wealth Partners lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 5.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 32,754 shares of the e-commerce giant’s stock after purchasing an additional 1,580 shares during the period. Amazon.com comprises 1.1% of BSW Wealth Partners’ holdings, making the stock its 17th biggest position. BSW Wealth Partners’ holdings in Amazon.com were worth $7,186,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Fiera Capital Corp boosted its stake in Amazon.com by 12.5% in the second 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 in the last quarter. Beck Bode LLC acquired a new stake in shares of Amazon.com in the 2nd quarter worth $651,000. Davidson Capital Management Inc. grew its stake in Amazon.com by 22.4% during the 2nd quarter. Davidson Capital Management Inc. now owns 17,086 shares of the e-commerce giant’s stock worth $3,302,000 after buying an additional 3,122 shares during the last quarter. Callan Capital LLC increased its position in Amazon.com by 21.2% during the 2nd quarter. Callan Capital LLC now owns 25,872 shares of the e-commerce giant’s stock valued at $5,000,000 after buying an additional 4,520 shares in the last quarter. Finally, Bridges Investment Management Inc. raised its stake in Amazon.com by 134.7% in the second quarter. Bridges Investment Management Inc. now owns 1,613,024 shares of the e-commerce giant’s stock valued at $311,717,000 after buying an additional 925,822 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $210.00, for a total transaction of $735,000.00. Following the completion of the transaction, the chief executive officer now directly owns 524,567 shares in the company, valued at approximately $110,159,070. This represents a 0.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Matthew S. Garman sold 15,260 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $200.19, for a total value of $3,054,899.40. Following the sale, the chief executive officer now directly owns 349,261 shares of the company’s stock, valued at $69,918,559.59. The trade was a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,611 shares of company stock valued at $11,122,402. 10.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Benchmark upped their price objective on shares of Amazon.com from $215.00 to $265.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. JMP Securities restated a “market outperform” rating and set a $285.00 price target on shares of Amazon.com in a research note on Friday, February 7th. Sanford C. Bernstein lifted their price objective 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. Royal Bank of Canada upped their target price on Amazon.com from $255.00 to $265.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Finally, Maxim Group raised their target price on Amazon.com from $260.00 to $280.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Two research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $260.74.

Amazon.com Stock Down 0.7 %

Shares of NASDAQ:AMZN opened at $228.68 on Tuesday. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The stock has a market cap of $2.40 trillion, a P/E ratio of 41.35, a PEG ratio of 1.36 and a beta of 1.15. The business has a fifty day moving average of $228.21 and a two-hundred day moving average of $202.55. 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 (NASDAQ:AMZN) last announced its quarterly earnings data 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%. On average, research analysts expect that Amazon.com, Inc. will post 6.24 earnings per share for the current year.

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.