Integris Wealth Management LLC Boosts Position in Amazon.com, Inc. (NASDAQ:AMZN)

Integris Wealth Management LLC boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 17.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,994 shares of the e-commerce giant’s stock after acquiring an additional 443 shares during the period. Integris Wealth Management LLC’s holdings in Amazon.com were worth $657,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. AA Financial Advisors LLC grew its holdings in Amazon.com by 6.5% during the 4th quarter. AA Financial Advisors LLC now owns 13,393 shares of the e-commerce giant’s stock worth $2,938,000 after acquiring an additional 819 shares in the last quarter. Evernest Financial Advisors LLC grew its holdings in Amazon.com by 59.3% during the 4th quarter. Evernest Financial Advisors LLC now owns 7,333 shares of the e-commerce giant’s stock worth $1,609,000 after acquiring an additional 2,730 shares in the last quarter. Hunter Associates Investment Management LLC grew its holdings in Amazon.com by 7.3% during the 4th quarter. Hunter Associates Investment Management LLC now owns 10,996 shares of the e-commerce giant’s stock worth $2,414,000 after acquiring an additional 745 shares in the last quarter. Heritage Financial Services LLC grew its holdings in Amazon.com by 2.1% during the 4th quarter. Heritage Financial Services LLC now owns 5,143 shares of the e-commerce giant’s stock worth $1,128,000 after acquiring an additional 108 shares in the last quarter. Finally, Quantum Financial Planning Services Inc. bought a new position in Amazon.com during the 4th quarter worth about $1,129,000. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Price Performance

Amazon.com stock opened at $216.58 on Friday. The company’s fifty day moving average price is $227.88 and its 200 day moving average price is $203.96. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The stock has a market capitalization of $2.30 trillion, a P/E ratio of 39.16, a P/E/G ratio of 1.57 and a beta of 1.15. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06.

Amazon.com (NASDAQ:AMZN) last announced its 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 24.25%. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AMZN has been the topic of several recent research reports. HSBC increased their target price on shares of Amazon.com from $225.00 to $270.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Evercore ISI raised their price target on shares of Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Bank of America raised their price target on shares of Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a report on Friday, November 1st. Benchmark raised their price target 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. Finally, Raymond James raised their price target on shares of Amazon.com from $260.00 to $275.00 in a report on Monday, February 10th. Two equities 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 MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $260.74.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $210.00, for a total value of $735,000.00. Following the sale, the chief executive officer now directly owns 524,567 shares in the company, valued at approximately $110,159,070. The trade was a 0.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction dated 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 completion of the sale, the director now owns 88,203 shares in the company, valued at approximately $20,273,459.55. This trade represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 40,852 shares of company stock worth $9,324,151. Company 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.