Heartwood Wealth Advisors LLC Grows Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Heartwood Wealth Advisors LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 4.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,158 shares of the e-commerce giant’s stock after purchasing an additional 523 shares during the period. Heartwood Wealth Advisors LLC’s holdings in Amazon.com were worth $2,448,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of AMZN. Icon Wealth Advisors LLC boosted its holdings 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 worth $28,000 after purchasing an additional 25,581 shares during the last quarter. PayPay Securities Corp boosted its holdings in shares of Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after purchasing an additional 64 shares during the last quarter. Hoese & Co LLP acquired a new stake in shares of Amazon.com during the third quarter worth $37,000. Bull Oak Capital LLC acquired a new stake in shares of Amazon.com during the third quarter worth $45,000. Finally, Values First Advisors Inc. acquired a new stake in shares of Amazon.com during the third quarter worth $56,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Amazon.com

In other news, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the sale, the director now directly owns 88,203 shares of the company’s stock, valued at $20,273,459.55. This represents a 4.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Matthew S. Garman sold 15,260 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the completion of the sale, the chief executive officer now directly owns 349,261 shares in the company, valued at $69,918,559.59. This represents a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,032,344 shares of company stock worth $1,253,456,822 in the last three months. 10.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Roth Mkm lifted their target price on Amazon.com from $220.00 to $250.00 and gave the company a “buy” rating in a report on Monday, December 9th. TD Cowen lifted their target price on Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a report on Thursday, December 12th. DA Davidson reiterated a “buy” rating and issued a $235.00 target price on shares of Amazon.com in a report on Thursday, October 10th. Telsey Advisory Group lifted their target price on Amazon.com from $215.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, UBS Group lifted their target price on Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a report on Monday, December 16th. Two research 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’s stock. Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $246.85.

Amazon.com Trading Up 2.1 %

Shares of Amazon.com stock opened at $230.71 on Wednesday. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $233.00. The firm has a market cap of $2.43 trillion, a PE ratio of 49.40, a PEG ratio of 1.26 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The company has a 50 day simple moving average of $218.30 and a two-hundred day simple moving average of $196.47.

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, topping analysts’ consensus estimates of $1.14 by $0.29. The firm had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.85 EPS. Analysts expect that Amazon.com, Inc. will post 5.39 earnings per share for the current fiscal 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.