Trueblood Wealth Management LLC Purchases 2,166 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Trueblood Wealth Management LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 37.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,983 shares of the e-commerce giant’s stock after purchasing an additional 2,166 shares during the quarter. Amazon.com comprises about 0.9% of Trueblood Wealth Management LLC’s portfolio, making the stock its 22nd biggest position. Trueblood Wealth Management LLC’s holdings in Amazon.com were worth $1,751,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the stock. Mechanics Bank Trust Department lifted its holdings in Amazon.com by 3.0% in the fourth quarter. Mechanics Bank Trust Department now owns 62,018 shares of the e-commerce giant’s stock valued at $13,606,000 after buying an additional 1,822 shares during the period. Pine Haven Investment Counsel Inc bought a new position in shares of Amazon.com during the fourth quarter worth about $202,000. Diversify Wealth Management LLC grew its holdings in shares of Amazon.com by 30.2% during the fourth quarter. Diversify Wealth Management LLC now owns 98,519 shares of the e-commerce giant’s stock worth $21,570,000 after buying an additional 22,853 shares in the last quarter. Guardian Investment Management boosted its position in Amazon.com by 6.5% during the fourth quarter. Guardian Investment Management now owns 7,572 shares of the e-commerce giant’s stock valued at $1,661,000 after purchasing an additional 464 shares during the last quarter. Finally, Smart Money Group LLC boosted its position in Amazon.com by 2.8% during the fourth quarter. Smart Money Group LLC now owns 6,674 shares of the e-commerce giant’s stock valued at $1,464,000 after purchasing an additional 180 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Down 0.1 %

Shares of NASDAQ:AMZN opened at $237.42 on Tuesday. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $241.77. The company has a market cap of $2.50 trillion, a PE ratio of 50.84, a P/E/G ratio of 1.35 and a beta of 1.15. 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 stock’s 50-day moving average is $223.83 and its 200 day moving average is $198.98.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,996,362 shares of Amazon.com stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the sale, the insider now directly owns 917,416,976 shares of the company’s stock, valued at approximately $191,602,535,437.60. The trade was a 0.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 5,502 shares of Amazon.com stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $205.81, for a total value of $1,132,366.62. Following the sale, the chief executive officer now directly owns 518,911 shares in the company, valued at approximately $106,797,072.91. The trade was a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,027,340 shares of company stock valued at $1,252,456,773. 10.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on AMZN shares. Scotiabank raised their price objective on Amazon.com from $246.00 to $306.00 and gave the company a “sector outperform” rating in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft raised their price objective on Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Needham & Company LLC restated a “buy” rating and set a $250.00 price objective on shares of Amazon.com in a research note on Tuesday, January 21st. Benchmark lifted their price target on Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, The Goldman Sachs Group boosted their price objective on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $251.44.

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.