Daner Wealth Management LLC Buys Shares of 4,145 Amazon.com, Inc. (NASDAQ:AMZN)

Daner Wealth Management LLC purchased a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,145 shares of the e-commerce giant’s stock, valued at approximately $973,000. Amazon.com accounts for approximately 0.7% of Daner Wealth Management LLC’s investment portfolio, making the stock its 22nd biggest holding.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Accordant Advisory Group Inc lifted its position in Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after purchasing an additional 100 shares in the last quarter. Compass Planning Associates Inc bought a new position in shares of Amazon.com in the fourth quarter worth about $51,000. Quattro Financial Advisors LLC lifted its position 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 valued at $51,000 after buying an additional 45 shares in the last quarter. Bull Oak Capital LLC bought a new position in shares of Amazon.com during the 3rd quarter valued at approximately $45,000. Finally, Iron Horse Wealth Management LLC increased its holdings in Amazon.com by 64.4% in 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. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insiders Place Their Bets

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the company’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 sale, the chief executive officer now owns 2,118,886 shares in the company, valued at approximately $467,532,195.90. This represents a 0.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Douglas J. Herrington sold 5,501 shares of the stock in a transaction dated 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 sale, the chief executive officer now directly owns 505,318 shares in the company, valued at approximately $115,434,843.92. The trade was a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 102,298 shares of company stock valued at $22,871,828. 10.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

AMZN has been the subject of a number of recent analyst reports. UBS Group upped their price target on shares of Amazon.com from $230.00 to $264.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $270.00 target price on shares of Amazon.com in a report on Friday, February 7th. Piper Sandler reissued an “overweight” rating and set a $265.00 price target (up from $225.00) on shares of Amazon.com in a report on Friday, February 7th. Loop Capital upped their price objective on Amazon.com from $275.00 to $285.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Finally, 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. Two equities research 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 company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $260.65.

Amazon.com Stock Up 0.1 %

Shares of Amazon.com stock opened at $201.36 on Friday. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The stock has a market cap of $2.13 trillion, a price-to-earnings ratio of 36.41, a PEG ratio of 1.50 and a beta of 1.19. The firm’s 50-day moving average is $217.53 and its two-hundred day moving average is $208.75.

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

About Amazon.com

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.