Rainey & Randall Wealth Advisors Inc. Has $475,000 Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Rainey & Randall Wealth Advisors Inc. increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,163 shares of the e-commerce giant’s stock after buying an additional 74 shares during the period. Rainey & Randall Wealth Advisors Inc.’s holdings in Amazon.com were worth $475,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AMF Tjanstepension AB raised its stake in shares of 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 valued at $492,172,000 after acquiring an additional 811,425 shares in the last quarter. Swedbank AB raised its position in shares of Amazon.com by 1.4% in the third quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant’s stock valued at $2,484,864,000 after purchasing an additional 183,610 shares during the period. Sassicaia Capital Advisers LLC acquired a new stake in shares of Amazon.com in the third quarter valued at about $279,000. Howard Capital Management Group LLC increased its stake in shares of Amazon.com by 0.3% in the third quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant’s stock worth $66,434,000 after purchasing an additional 897 shares during the period. Finally, Meridian Management Co. lifted its position in shares of Amazon.com by 27.6% during the 3rd quarter. Meridian Management Co. now owns 33,460 shares of the e-commerce giant’s stock worth $6,235,000 after purchasing an additional 7,246 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $203.26 on Tuesday. The company has a fifty day moving average price of $218.60 and a 200 day moving average price of $208.62. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The firm has a market cap of $2.15 trillion, a PE ratio of 36.76, 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 (NASDAQ:AMZN) last announced its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (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%. Research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the completion of the transaction, the chief executive officer now directly owns 2,118,886 shares in the company, valued at $467,532,195.90. This trade represents a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the sale, the chief executive officer now directly owns 497,067 shares of the company’s stock, valued at approximately $114,459,618.09. The trade was a 5.24 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 102,298 shares of company stock worth $22,871,828. Insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Loop Capital raised their target price on Amazon.com from $275.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Roth Mkm boosted their target price on shares of Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Rosenblatt Securities upped their target price on shares of Amazon.com from $236.00 to $287.00 and gave the company a “buy” rating in a research note on Friday, February 7th. DA Davidson boosted their price objective on shares of Amazon.com from $235.00 to $280.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Finally, Raymond James increased their target price on shares of Amazon.com from $260.00 to $275.00 in a research note on Monday, February 10th. 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 company’s stock. Based on data from MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and a consensus price target of $260.65.

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.