Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Private Client Services LLC

Private Client Services LLC boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,186 shares of the e-commerce giant’s stock after purchasing an additional 217 shares during the period. Amazon.com comprises 1.1% of Private Client Services LLC’s portfolio, making the stock its 26th largest position. Private Client Services LLC’s holdings in Amazon.com were worth $2,015,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of AMZN. Fulton Bank N.A. raised its position in shares of Amazon.com by 0.7% in the 4th quarter. Fulton Bank N.A. now owns 141,604 shares of the e-commerce giant’s stock valued at $31,066,000 after purchasing an additional 924 shares in the last quarter. Hilltop Wealth Advisors LLC increased its stake in shares of Amazon.com by 12.4% in the fourth quarter. Hilltop Wealth Advisors LLC now owns 1,483 shares of the e-commerce giant’s stock worth $325,000 after buying an additional 164 shares during the last quarter. Worth Asset Management LLC raised its holdings in Amazon.com by 2.1% in the fourth quarter. Worth Asset Management LLC now owns 3,638 shares of the e-commerce giant’s stock valued at $798,000 after acquiring an additional 76 shares in the last quarter. Weaver Consulting Group boosted its stake in Amazon.com by 16.8% during the 4th quarter. Weaver Consulting Group now owns 14,152 shares of the e-commerce giant’s stock valued at $3,105,000 after acquiring an additional 2,035 shares during the last quarter. Finally, Legend Financial Advisors Inc. grew its holdings in Amazon.com by 3.2% during the 4th quarter. Legend Financial Advisors Inc. now owns 8,029 shares of the e-commerce giant’s stock worth $1,761,000 after acquiring an additional 251 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Roth Mkm increased their price target 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. BMO Capital Markets reaffirmed an “outperform” rating and set a $236.00 target price on shares of Amazon.com in a report on Tuesday, December 3rd. Wedbush lifted their target price on Amazon.com from $250.00 to $260.00 and gave the stock an “outperform” rating in a research report on Monday, January 6th. Scotiabank upped their price target on Amazon.com from $245.00 to $246.00 and gave the company a “sector outperform” rating in a research report on Friday, November 1st. Finally, Redburn Atlantic lifted their price objective on shares of Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $245.65.

Amazon.com Stock Performance

AMZN opened at $225.94 on Tuesday. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $233.00. The company has a market capitalization of $2.38 trillion, a price-to-earnings ratio of 48.38, a price-to-earnings-growth ratio of 1.22 and a beta of 1.14. The business has a 50 day moving average price of $217.91 and a two-hundred day moving average price of $196.27. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.29. The business had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.85 earnings per share. Research analysts predict that Amazon.com, Inc. will post 5.38 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $208.85, for a total value of $625,790,203.70. Following the transaction, the insider now owns 917,416,976 shares of the company’s stock, valued at approximately $191,602,535,437.60. This represents a 0.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the sale, the director now owns 24,912 shares of the company’s stock, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 6,032,344 shares of company stock valued at $1,253,456,822. 10.80% of the stock is owned by insiders.

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.