Walkner Condon Financial Advisors LLC Boosts Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Walkner Condon Financial Advisors LLC boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,433 shares of the e-commerce giant’s stock after buying an additional 698 shares during the quarter. Walkner Condon Financial Advisors LLC’s holdings in Amazon.com were worth $2,508,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AMZN. AMF Tjanstepension AB increased its holdings in 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 worth $492,172,000 after acquiring an additional 811,425 shares in the last quarter. Kathleen S. Wright Associates Inc. boosted its position in shares of Amazon.com by 0.5% in the third quarter. Kathleen S. Wright Associates Inc. now owns 13,675 shares of the e-commerce giant’s stock worth $2,551,000 after purchasing an additional 70 shares during the period. Harrington Investments INC increased its stake in shares of Amazon.com by 0.4% in the third quarter. Harrington Investments INC now owns 28,027 shares of the e-commerce giant’s stock worth $5,222,000 after purchasing an additional 125 shares in the last quarter. CX Institutional raised its position in shares of Amazon.com by 4.1% during the 3rd quarter. CX Institutional now owns 99,959 shares of the e-commerce giant’s stock valued at $18,625,000 after purchasing an additional 3,903 shares during the period. Finally, Wesbanco Bank Inc. lifted its stake in shares of Amazon.com by 3.1% during the 3rd quarter. Wesbanco Bank Inc. now owns 368,553 shares of the e-commerce giant’s stock valued at $68,672,000 after buying an additional 11,112 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 5,501 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was 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 owns 505,318 shares in the company, valued at $115,434,843.92. This represents a 1.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brian T. Olsavsky sold 14,620 shares of the business’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $223.14, for a total value of $3,262,306.80. Following the completion of the transaction, 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. Insiders have sold a total of 102,298 shares of company stock valued at $22,871,828 over the last ninety days. 10.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

AMZN has been the subject of a number of analyst reports. Oppenheimer increased their price target on Amazon.com from $230.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Redburn Atlantic increased their target price on Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Morgan Stanley lifted their target price on Amazon.com from $230.00 to $280.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Robert W. Baird upped their price target on Amazon.com from $220.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Finally, TD Cowen lifted their price objective 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. 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $260.65.

Amazon.com Price Performance

AMZN opened at $198.89 on Thursday. The company has a market capitalization of $2.11 trillion, a price-to-earnings ratio of 35.97, a PEG 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. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The business’s fifty day simple moving average is $222.71 and its 200-day simple moving average is $207.20.

Amazon.com (NASDAQ:AMZN) last issued its 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%. On average, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share 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.