Verus Wealth Management LLC Acquires New Shares in Amazon.com, Inc. (NASDAQ:AMZN)

Verus Wealth Management LLC bought a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,101 shares of the e-commerce giant’s stock, valued at approximately $680,000. Amazon.com comprises 0.8% of Verus Wealth Management LLC’s holdings, making the stock its 28th biggest position.

Other hedge funds have also recently bought and sold shares of the company. MBM Wealth Consultants LLC increased its stake in Amazon.com by 0.6% in the fourth quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant’s stock valued at $1,889,000 after acquiring an additional 48 shares during the period. Semus Wealth Partners LLC boosted its holdings in Amazon.com by 0.3% during the third quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant’s stock valued at $3,339,000 after purchasing an additional 49 shares in the last quarter. Bell Investment Advisors Inc grew its stake in shares of Amazon.com by 1.5% in the 3rd quarter. Bell Investment Advisors Inc now owns 3,359 shares of the e-commerce giant’s stock valued at $626,000 after purchasing an additional 51 shares during the period. Eaton Cambridge Inc. raised its holdings in shares of Amazon.com by 1.1% in the 4th quarter. Eaton Cambridge Inc. now owns 4,533 shares of the e-commerce giant’s stock worth $994,000 after buying an additional 51 shares in the last quarter. Finally, Proathlete Wealth Management LLC lifted its position in shares of Amazon.com by 0.4% during the 4th quarter. Proathlete Wealth Management LLC now owns 12,853 shares of the e-commerce giant’s stock worth $2,820,000 after buying an additional 51 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on AMZN shares. HSBC increased their price objective on Amazon.com from $225.00 to $270.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Morgan Stanley increased their target price on shares of Amazon.com from $230.00 to $280.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Monness Crespi & Hardt boosted their price target on shares of Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, November 1st. JMP Securities reaffirmed a “market outperform” rating and set a $285.00 price objective on shares of Amazon.com in a report on Friday, February 7th. Finally, Oppenheimer boosted their target price on Amazon.com from $230.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and an average target price of $260.74.

Amazon.com Trading Down 1.0 %

AMZN opened at $226.45 on Wednesday. The firm’s fifty day moving average is $228.26 and its two-hundred day moving average is $202.87. The firm has a market cap of $2.38 trillion, a PE ratio of 40.95, a price-to-earnings-growth ratio of 1.36 and a beta of 1.15. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

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

Insider Activity

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $210.00, for a total value of $735,000.00. Following the sale, the chief executive officer now owns 524,567 shares of the company’s stock, valued at $110,159,070. This trade represents a 0.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the transaction, the director now directly owns 88,203 shares of the company’s stock, valued at $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 50,611 shares of company stock worth $11,122,402 in the last 90 days. Corporate insiders own 10.80% of the company’s stock.

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.