Accretive Wealth Partners LLC Acquires 729 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Accretive Wealth Partners LLC grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,160 shares of the e-commerce giant’s stock after purchasing an additional 729 shares during the quarter. Amazon.com makes up about 2.1% of Accretive Wealth Partners LLC’s portfolio, making the stock its 11th largest position. Accretive Wealth Partners LLC’s holdings in Amazon.com were worth $4,862,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Kessler Investment Group LLC boosted its stake in shares of Amazon.com by 6.1% in the 4th quarter. Kessler Investment Group LLC now owns 34,967 shares of the e-commerce giant’s stock valued at $7,671,000 after purchasing an additional 1,996 shares during the last quarter. Empire Life Investments Inc. boosted its stake in shares of Amazon.com by 12.3% in the 4th quarter. Empire Life Investments Inc. now owns 346,924 shares of the e-commerce giant’s stock valued at $76,112,000 after purchasing an additional 38,098 shares during the last quarter. Compass Financial Group INC SD boosted its stake in shares of Amazon.com by 3.0% in the 4th quarter. Compass Financial Group INC SD now owns 3,620 shares of the e-commerce giant’s stock valued at $794,000 after purchasing an additional 104 shares during the last quarter. Scarborough Advisors LLC boosted its stake in shares of Amazon.com by 1.7% in the 4th quarter. Scarborough Advisors LLC now owns 12,574 shares of the e-commerce giant’s stock valued at $2,759,000 after purchasing an additional 214 shares during the last quarter. Finally, BXM Wealth LLC bought a new stake in shares of Amazon.com in the 4th quarter valued at $725,000. 72.20% of the stock is owned by institutional investors.

Amazon.com Price Performance

AMZN opened at $197.95 on Friday. The firm has a market cap of $2.10 trillion, a P/E ratio of 35.80, a PEG ratio of 1.50 and a beta of 1.19. The firm has a 50-day moving average of $221.65 and a 200 day moving average of $207.26. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share 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%. On average, research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insiders Place Their Bets

In other Amazon.com news, SVP David Zapolsky sold 19,212 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the completion of the transaction, the senior vice president now owns 49,950 shares in the company, valued at $10,864,125. This trade represents a 27.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $26,647,456.60. This represents a 6.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,298 shares of company stock worth $22,871,828 over the last quarter. 10.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Robert W. Baird upped their price objective on shares of Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Needham & Company LLC reaffirmed a “buy” rating and issued a $250.00 price objective on shares of Amazon.com in a research note on Friday, February 7th. Phillip Securities lowered shares of Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, February 10th. Piper Sandler reissued 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, Wolfe Research increased their target price on shares of Amazon.com from $250.00 to $270.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. 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 stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus 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.