Newbridge Financial Services Group Inc. Buys 1,697 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Newbridge Financial Services Group Inc. raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 76,863 shares of the e-commerce giant’s stock after acquiring an additional 1,697 shares during the period. Amazon.com makes up 4.3% of Newbridge Financial Services Group Inc.’s holdings, making the stock its 3rd biggest holding. Newbridge Financial Services Group Inc.’s holdings in Amazon.com were worth $16,863,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in AMZN. Stephens Inc. AR boosted its position in shares of Amazon.com by 0.5% during the fourth quarter. Stephens Inc. AR now owns 486,973 shares of the e-commerce giant’s stock worth $106,837,000 after buying an additional 2,192 shares during the period. Howland Capital Management LLC lifted its stake in Amazon.com by 2.8% during the 4th quarter. Howland Capital Management LLC now owns 73,394 shares of the e-commerce giant’s stock worth $16,102,000 after acquiring an additional 1,999 shares in the last quarter. Visionary Horizons LLC boosted its holdings in Amazon.com by 6.0% during the 4th quarter. Visionary Horizons LLC now owns 4,618 shares of the e-commerce giant’s stock valued at $1,013,000 after acquiring an additional 262 shares during the period. Quotient Wealth Partners LLC grew its position in Amazon.com by 15.8% in the 4th quarter. Quotient Wealth Partners LLC now owns 37,056 shares of the e-commerce giant’s stock valued at $8,130,000 after acquiring an additional 5,050 shares in the last quarter. Finally, Benedict Financial Advisors Inc. increased its stake in Amazon.com by 3.4% during the fourth quarter. Benedict Financial Advisors Inc. now owns 18,655 shares of the e-commerce giant’s stock worth $4,093,000 after purchasing an additional 618 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AMZN. Royal Bank of Canada lifted their price objective on shares of Amazon.com from $255.00 to $265.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Jefferies Financial Group boosted their price target on shares of Amazon.com from $235.00 to $275.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Barclays lifted their target price on Amazon.com from $235.00 to $265.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Piper Sandler restated an “overweight” rating and set a $265.00 price target (up previously from $225.00) on shares of Amazon.com in a report on Friday, February 7th. Finally, Stifel Nicolaus lifted their price objective on Amazon.com from $245.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $260.65.

Insider Activity

In other Amazon.com news, CEO Douglas J. Herrington sold 5,501 shares of the firm’s stock in a transaction 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 owns 505,318 shares of the company’s stock, valued at approximately $115,434,843.92. This trade represents a 1.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction 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 transaction, the director now directly 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. Insiders have sold a total of 106,649 shares of company stock valued at $23,871,905 over the last quarter. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Trading Down 3.7 %

Shares of AMZN stock opened at $200.70 on Friday. The company has a market capitalization of $2.13 trillion, a P/E ratio of 36.29, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The business’s 50 day moving average is $224.60 and its two-hundred day moving average is $206.46. 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 data 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 net margin of 9.29% and a return on equity of 24.25%. Equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current 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.