Blackston Financial Advisory Group LLC Has $2.68 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Blackston Financial Advisory Group LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 7.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,220 shares of the e-commerce giant’s stock after buying an additional 873 shares during the period. Amazon.com makes up approximately 1.3% of Blackston Financial Advisory Group LLC’s investment portfolio, making the stock its 14th biggest position. Blackston Financial Advisory Group LLC’s holdings in Amazon.com were worth $2,681,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Accordant Advisory Group Inc lifted its position in Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after acquiring an additional 100 shares in the last quarter. Icon Wealth Advisors LLC increased its position in shares of Amazon.com by 20.5% during the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after buying an additional 25,581 shares during the period. Bull Oak Capital LLC purchased a new stake in shares of Amazon.com during the third quarter valued at approximately $45,000. Quattro Financial Advisors LLC boosted its holdings in Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after purchasing an additional 45 shares during the last quarter. Finally, Compass Planning Associates Inc bought a new stake in shares of Amazon.com during the 4th quarter valued at $51,000. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AMZN has been the subject of several research reports. Telsey Advisory Group reissued an “outperform” rating and issued a $275.00 price objective on shares of Amazon.com in a research report on Friday, February 7th. TD Cowen raised their price objective on shares of Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Royal Bank of Canada lifted their price target on shares of Amazon.com from $255.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. HSBC boosted their price objective on shares of Amazon.com from $225.00 to $270.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Finally, Robert W. Baird boosted their price objective on shares of Amazon.com from $220.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Two equities research 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 company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $260.65.

Amazon.com Stock Performance

Amazon.com stock opened at $196.21 on Friday. 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 52 week low of $151.61 and a 52 week high of $242.52. The firm has a market capitalization of $2.08 trillion, a P/E ratio of 35.48, a PEG ratio of 1.50 and a beta of 1.19. The stock has a fifty day moving average price of $218.90 and a 200 day moving average price of $208.19.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Equities research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Brian T. Olsavsky sold 14,620 shares of Amazon.com stock in a transaction dated Friday, February 21st. The shares were 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 owns 49,000 shares of the company’s stock, valued at approximately $10,933,860. The trade was a 22.98 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 5,501 shares of the 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 transaction, the chief executive officer now 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 sold 102,298 shares of company stock worth $22,871,828 over the last three months. Insiders own 10.80% of the company’s stock.

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.