Amazon.com, Inc. (NASDAQ:AMZN) Stake Lifted by Destiny Wealth Partners LLC

Destiny Wealth Partners LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 118,787 shares of the e-commerce giant’s stock after buying an additional 1,848 shares during the quarter. Amazon.com comprises 4.3% of Destiny Wealth Partners LLC’s portfolio, making the stock its 4th largest position. Destiny Wealth Partners LLC’s holdings in Amazon.com were worth $26,061,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMZN. Verus Financial Partners Inc. lifted its position in shares of Amazon.com by 5.1% during the fourth quarter. Verus Financial Partners Inc. now owns 1,475 shares of the e-commerce giant’s stock worth $323,000 after purchasing an additional 72 shares in the last quarter. Concord Wealth Partners boosted its position in Amazon.com by 9.0% in the 4th quarter. Concord Wealth Partners now owns 48,354 shares of the e-commerce giant’s stock valued at $10,608,000 after buying an additional 3,979 shares during the last quarter. Concord Asset Management LLC VA grew its stake in shares of Amazon.com by 10.8% during the fourth quarter. Concord Asset Management LLC VA now owns 41,201 shares of the e-commerce giant’s stock valued at $9,039,000 after acquiring an additional 4,031 shares in the last quarter. Chicago Partners Investment Group LLC lifted its stake in shares of Amazon.com by 6.2% in the fourth quarter. Chicago Partners Investment Group LLC now owns 127,571 shares of the e-commerce giant’s stock worth $28,337,000 after acquiring an additional 7,470 shares in the last quarter. Finally, New Millennium Group LLC grew its stake in Amazon.com by 7.7% during the 4th quarter. New Millennium Group LLC now owns 31,173 shares of the e-commerce giant’s stock valued at $6,839,000 after purchasing an additional 2,235 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on AMZN. Stifel Nicolaus increased their target price on Amazon.com from $245.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Cantor Fitzgerald reissued an “overweight” rating and set a $270.00 price objective on shares of Amazon.com in a report on Friday, February 7th. Royal Bank of Canada upped their target price on shares of Amazon.com from $255.00 to $265.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Morgan Stanley boosted their price objective on Amazon.com from $230.00 to $280.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $285.00 target price on shares of Amazon.com in a research report on Friday, February 7th. Two research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and a consensus target price of $260.74.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the transaction, the chief executive officer now owns 497,067 shares in the company, valued at $114,459,618.09. This trade represents a 5.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of the business’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 sale, the director now owns 88,203 shares in the company, 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. Insiders sold a total of 40,852 shares of company stock valued at $9,324,151 in the last three months. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Price Performance

NASDAQ:AMZN opened at $216.58 on Friday. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The firm has a market cap of $2.30 trillion, a P/E ratio of 39.16, a PEG ratio of 1.54 and a beta of 1.15. The business’s 50-day moving average price is $227.88 and its 200 day moving average price is $204.26.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping analysts’ consensus estimates 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, sell-side analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal 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.