Bright Futures Wealth Management LLC. Has $3.19 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Bright Futures Wealth Management LLC. decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 63.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,465 shares of the e-commerce giant’s stock after selling 22,904 shares during the quarter. Amazon.com makes up about 2.9% of Bright Futures Wealth Management LLC.’s investment portfolio, making the stock its 6th biggest holding. Bright Futures Wealth Management LLC.’s holdings in Amazon.com were worth $3,192,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Quattro Financial Advisors LLC grew its position in Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after buying an additional 45 shares in the last quarter. MBM Wealth Consultants LLC lifted its position in shares of Amazon.com by 0.6% during the 4th quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant’s stock valued at $1,889,000 after acquiring an additional 48 shares during the period. Semus Wealth Partners LLC grew its holdings in shares of Amazon.com by 0.3% during the 3rd quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant’s stock worth $3,339,000 after purchasing an additional 49 shares in the last quarter. GGM Financials LLC increased its position in shares of Amazon.com by 2.1% in the fourth quarter. GGM Financials LLC now owns 2,463 shares of the e-commerce giant’s stock worth $540,000 after purchasing an additional 50 shares during the period. Finally, Bell Investment Advisors Inc raised its stake in Amazon.com by 1.5% in the third quarter. Bell Investment Advisors Inc now owns 3,359 shares of the e-commerce giant’s stock valued at $626,000 after purchasing an additional 51 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on AMZN shares. Scotiabank increased their price objective on shares of Amazon.com from $246.00 to $306.00 and gave the stock a “sector outperform” rating in a research note on Friday, January 24th. Loop Capital increased their price target on shares of Amazon.com from $275.00 to $285.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. UBS Group lifted their price objective on shares of Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Piper Sandler restated an “overweight” rating and set a $265.00 target price (up from $225.00) on shares of Amazon.com in a research note on Friday, February 7th. Finally, Barclays lifted 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. Two 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 company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $260.65.

Amazon.com Trading Up 1.2 %

Shares of AMZN stock opened at $198.89 on Thursday. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week 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 stock has a 50 day simple moving average of $222.71 and a two-hundred day simple moving average of $207.20. The company has a market cap of $2.11 trillion, a P/E ratio of 35.97, a PEG ratio of 1.50 and a beta of 1.19.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (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%. Research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the transaction, the chief executive officer now directly owns 497,067 shares in the company, valued at $114,459,618.09. This trade represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Brian T. Olsavsky sold 14,620 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $223.14, for a total transaction of $3,262,306.80. Following the sale, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at approximately $10,933,860. The trade was a 22.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 102,298 shares of company stock worth $22,871,828. Corporate insiders own 10.80% of the company’s stock.

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.