BostonPremier Wealth LLC Buys New Stake in Amazon.com, Inc. (NASDAQ:AMZN)

BostonPremier Wealth LLC bought a new stake in Amazon.com, Inc. (NASDAQ:AMZN) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 9,515 shares of the e-commerce giant’s stock, valued at approximately $2,087,000. Amazon.com accounts for 1.3% of BostonPremier Wealth LLC’s investment portfolio, making the stock its 13th largest holding.

Several other large investors have also recently made changes to their positions in AMZN. AMF Tjanstepension AB lifted its stake in shares of Amazon.com by 44.3% in the 3rd quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant’s stock valued at $492,172,000 after purchasing an additional 811,425 shares during the period. Nvest Financial LLC raised its position in Amazon.com by 1.8% during the third quarter. Nvest Financial LLC now owns 23,789 shares of the e-commerce giant’s stock worth $4,433,000 after acquiring an additional 422 shares during the period. Pacific Sun Financial Corp raised its position in shares of Amazon.com by 0.7% in the third quarter. Pacific Sun Financial Corp now owns 8,737 shares of the e-commerce giant’s stock valued at $1,628,000 after buying an additional 60 shares during the last quarter. Ferguson Shapiro LLC raised its position in shares of Amazon.com by 2.8% in the third quarter. Ferguson Shapiro LLC now owns 6,295 shares of the e-commerce giant’s stock valued at $1,173,000 after buying an additional 173 shares during the last quarter. Finally, Freestate Advisors LLC acquired a new stake in shares of Amazon.com in the third quarter valued at about $252,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Down 0.7 %

Shares of AMZN opened at $199.25 on Friday. The stock has a market capitalization of $2.11 trillion, a PE ratio of 36.03, a P/E/G ratio of 1.50 and a beta of 1.19. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The company’s 50-day simple moving average is $224.11 and its 200-day simple moving average is $206.80.

Amazon.com (NASDAQ:AMZN) last issued its quarterly 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%. Analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In related news, 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 sale, the director now owns 88,203 shares of the company’s stock, valued at $20,273,459.55. This trade represents a 4.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 5,501 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the completion of the sale, the chief executive officer now directly owns 505,318 shares in the company, valued at approximately $115,434,843.92. This trade represents a 1.08 % decrease in their position. 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 90 days. 10.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. TD Cowen increased their target price on shares of Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Piper Sandler reiterated an “overweight” rating and issued a $265.00 target price (up from $225.00) on shares of Amazon.com in a research report on Friday, February 7th. JPMorgan Chase & Co. increased their target price on shares of Amazon.com from $250.00 to $280.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Barclays increased their target price on shares of Amazon.com from $235.00 to $265.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $250.00 price objective on shares of Amazon.com in a report on Friday, February 7th. 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 company’s stock. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and an average price target of $260.65.

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.