Amazon.com, Inc. (NASDAQ:AMZN) is GPS Wealth Strategies Group LLC’s 8th Largest Position

GPS Wealth Strategies Group LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 99,335 shares of the e-commerce giant’s stock after buying an additional 138 shares during the quarter. Amazon.com makes up about 2.8% of GPS Wealth Strategies Group LLC’s holdings, making the stock its 8th largest position. GPS Wealth Strategies Group LLC’s holdings in Amazon.com were worth $21,793,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of AMZN. Accordant Advisory Group Inc increased its position in Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after buying an additional 100 shares during the last quarter. Icon Wealth Advisors LLC increased its position in Amazon.com by 20.5% in the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after buying an additional 25,581 shares during the last quarter. Hoese & Co LLP purchased a new stake in Amazon.com in the third quarter worth $37,000. Bull Oak Capital LLC purchased a new stake in Amazon.com in the third quarter worth $45,000. Finally, Values First Advisors Inc. purchased a new stake in Amazon.com in the third quarter worth $56,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Down 1.8 %

Shares of NASDAQ:AMZN opened at $212.71 on Tuesday. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The company has a market cap of $2.25 trillion, a PE ratio of 38.46, a P/E/G ratio of 1.54 and a beta of 1.15. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The stock’s 50-day moving average is $227.48 and its 200 day moving average is $204.88.

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 return on equity of 24.25% and a net margin of 9.29%. Sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the sale, the director now directly owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the sale, the chief executive officer now directly owns 497,067 shares in the company, valued at approximately $114,459,618.09. The trade was a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 40,852 shares of company stock valued at $9,324,151. 10.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

AMZN has been the subject of a number of recent research reports. Wolfe Research raised their target price on Amazon.com from $250.00 to $270.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Wedbush reaffirmed an “outperform” rating and issued a $280.00 price target on shares of Amazon.com in a report on Friday, February 7th. Raymond James raised their price target on Amazon.com from $260.00 to $275.00 in a report on Monday, February 10th. TD Cowen raised their price target on Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average 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.