Nicola Wealth Management LTD. Has $20.40 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Nicola Wealth Management LTD. increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 40.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 93,000 shares of the e-commerce giant’s stock after buying an additional 27,000 shares during the period. Amazon.com accounts for 2.1% of Nicola Wealth Management LTD.’s holdings, making the stock its 16th biggest holding. Nicola Wealth Management LTD.’s holdings in Amazon.com were worth $20,403,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of AMZN. Rench Wealth Management Inc. boosted its position in shares of Amazon.com by 7.9% during the 3rd quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant’s stock valued at $9,392,000 after purchasing an additional 3,703 shares in the last quarter. Blankinship & Foster LLC lifted its stake in Amazon.com by 216.4% in the third quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant’s stock valued at $1,291,000 after buying an additional 4,740 shares during the period. Umpqua Bank boosted its holdings in shares of Amazon.com by 0.4% during the 3rd quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant’s stock worth $6,544,000 after buying an additional 137 shares in the last quarter. One Wealth Capital Management LLC acquired a new stake in shares of Amazon.com during the 4th quarter worth approximately $4,270,000. Finally, Floyd Financial Group LLC acquired a new stake in shares of Amazon.com during the 4th quarter worth approximately $4,494,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the topic of several research analyst reports. Sanford C. Bernstein increased their target price on shares of Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 18th. Raymond James raised their target price on Amazon.com from $260.00 to $275.00 in a research note on Monday, February 10th. Wolfe Research upped their price target on Amazon.com from $250.00 to $270.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Phillip Securities cut Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, February 10th. Finally, Oppenheimer upped their target price on Amazon.com from $230.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and a consensus price target of $260.53.

Insiders Place Their Bets

In other Amazon.com news, SVP David Zapolsky sold 19,212 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $217.50, for a total value of $4,178,610.00. Following the sale, the senior vice president now directly owns 49,950 shares in the company, valued at $10,864,125. This represents a 27.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the transaction, the chief executive officer now directly owns 509,474 shares of the company’s stock, valued at approximately $95,776,017.26. The trade was a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 104,798 shares of company stock worth $23,341,803 in the last quarter. 10.80% of the stock is owned by company insiders.

Amazon.com Stock Performance

Shares of AMZN stock opened at $171.00 on Friday. The firm’s 50 day moving average is $212.18 and its 200 day moving average is $208.91. The stock has a market capitalization of $1.81 trillion, a P/E ratio of 30.92, a PEG ratio of 1.50 and a beta of 1.39. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. 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 posted its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping 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%. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share 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.