Horst & Graben Wealth Management LLC Acquires 300 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Horst & Graben Wealth Management LLC lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 5,779 shares of the e-commerce giant’s stock after purchasing an additional 300 shares during the period. Horst & Graben Wealth Management LLC’s holdings in Amazon.com were worth $1,268,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in AMZN. State Street Corp lifted its stake in shares of Amazon.com by 3.3% during the third quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock valued at $66,926,008,000 after acquiring an additional 11,370,309 shares during the period. Geode Capital Management LLC lifted its stake in shares of Amazon.com by 3.4% during the third quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant’s stock valued at $37,116,341,000 after acquiring an additional 6,545,944 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Amazon.com by 3.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 57,833,954 shares of the e-commerce giant’s stock valued at $10,776,201,000 after acquiring an additional 1,984,592 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Amazon.com by 3.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 57,308,094 shares of the e-commerce giant’s stock valued at $10,678,217,000 after acquiring an additional 1,980,663 shares during the period. Finally, Franklin Resources Inc. lifted its stake in shares of Amazon.com by 0.5% during the third quarter. Franklin Resources Inc. now owns 47,156,540 shares of the e-commerce giant’s stock valued at $8,843,714,000 after acquiring an additional 257,072 shares during the period. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 5,501 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total value of $1,256,648.44. Following the completion of the sale, the chief executive officer now directly owns 505,318 shares of the company’s stock, valued at $115,434,843.92. This trade represents a 1.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Jonathan Rubinstein sold 4,351 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,852 shares of company stock worth $9,324,151 over the last ninety days. 10.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AMZN. Loop Capital upped their price target on Amazon.com from $275.00 to $285.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Piper Sandler reaffirmed an “overweight” rating and set a $265.00 price target (up previously from $225.00) on shares of Amazon.com in a research note on Friday, February 7th. Barclays upped their price target on Amazon.com from $235.00 to $265.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft increased their target price on Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Tigress Financial increased their target price on Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Two 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. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $260.74.

Amazon.com Stock Down 1.8 %

AMZN stock opened at $212.71 on Tuesday. 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 business has a 50 day moving average price of $227.48 and a two-hundred day moving average price of $204.88. The company has a market cap of $2.25 trillion, a price-to-earnings ratio of 38.46, a P/E/G ratio of 1.54 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.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share 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%. Analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Amazon.com 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.