Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Raised by Proactive Wealth Strategies LLC

Proactive Wealth Strategies LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,423 shares of the e-commerce giant’s stock after acquiring an additional 387 shares during the quarter. Amazon.com accounts for 1.8% of Proactive Wealth Strategies LLC’s portfolio, making the stock its 14th largest holding. Proactive Wealth Strategies LLC’s holdings in Amazon.com were worth $3,384,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Accordant Advisory Group Inc boosted its stake in shares of Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after acquiring an additional 100 shares in the last quarter. Quattro Financial Advisors LLC boosted its stake in shares of Amazon.com by 23.8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after acquiring an additional 45 shares in the last quarter. Bull Oak Capital LLC bought a new stake in shares of Amazon.com during the 3rd quarter worth $45,000. Iron Horse Wealth Management LLC boosted its stake in shares of Amazon.com by 64.4% during the 4th quarter. Iron Horse Wealth Management LLC now owns 286 shares of the e-commerce giant’s stock worth $63,000 after acquiring an additional 112 shares in the last quarter. Finally, Values First Advisors Inc. acquired a new stake in shares of Amazon.com in the third quarter worth $56,000. 72.20% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Douglas J. Herrington sold 27,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total value of $6,332,425.00. Following the sale, the chief executive officer now directly owns 497,067 shares in the company, valued at approximately $114,459,618.09. This represents a 5.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP David Zapolsky sold 5,848 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $220.72, for a total value of $1,290,770.56. Following the completion of the sale, the senior vice president now owns 69,162 shares in the company, valued at approximately $15,265,436.64. This represents a 7.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 102,298 shares of company stock worth $22,871,828. Company insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on AMZN. Citigroup reaffirmed a “buy” rating on shares of Amazon.com in a research report on Thursday, February 13th. Barclays raised their target price on Amazon.com from $235.00 to $265.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. TD Cowen raised their target price on Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. HSBC raised their target price on Amazon.com from $225.00 to $270.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Finally, Royal Bank of Canada raised their target price on Amazon.com from $255.00 to $265.00 and gave the stock an “outperform” rating in a research report 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 given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $260.65.

Amazon.com Trading Down 1.5 %

Amazon.com stock opened at $192.82 on Wednesday. The business has a 50 day moving average price of $220.43 and a two-hundred day moving average price of $208.02. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The stock has a market cap of $2.04 trillion, a price-to-earnings ratio of 34.87, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. As a group, equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Amazon.com Company 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.