Wall Street Financial Group Inc. Acquires 379 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Wall Street Financial Group Inc. raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 22.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,063 shares of the e-commerce giant’s stock after purchasing an additional 379 shares during the period. Amazon.com accounts for approximately 0.4% of Wall Street Financial Group Inc.’s portfolio, making the stock its 28th largest holding. Wall Street Financial Group Inc.’s holdings in Amazon.com were worth $453,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Icon Wealth Advisors LLC increased its holdings in Amazon.com by 20.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after acquiring an additional 25,581 shares during the period. Hoese & Co LLP purchased a new position in Amazon.com in the 3rd quarter worth approximately $37,000. Bull Oak Capital LLC bought a new stake in Amazon.com in the 3rd quarter worth $45,000. Values First Advisors Inc. purchased a new position in shares of Amazon.com in the third quarter valued at about $56,000. Finally, Harbor Investment Advisory LLC raised its stake in shares of Amazon.com by 1.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 301,946 shares of the e-commerce giant’s stock valued at $66,000 after acquiring an additional 3,055 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Redburn Atlantic raised their target price on shares of Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Jefferies Financial Group boosted their target price on Amazon.com from $235.00 to $275.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. UBS Group lifted their price target on shares of Amazon.com from $230.00 to $264.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Maxim Group increased their target price on Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, JMP Securities reissued a “market outperform” rating and issued a $285.00 price objective on shares of Amazon.com in a research note on Thursday, January 30th. Two analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $252.56.

Insider Transactions at Amazon.com

In related news, CEO Matthew S. Garman sold 15,260 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $200.19, for a total value of $3,054,899.40. Following the sale, the chief executive officer now owns 349,261 shares of the company’s stock, valued at $69,918,559.59. This trade represents a 4.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the sale, the director now owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,026,212 shares of company stock valued at $625,666,424 over the last 90 days. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Trading Up 1.1 %

NASDAQ AMZN opened at $238.83 on Friday. The company has a fifty day simple moving average of $225.85 and a two-hundred day simple moving average of $200.03. The stock has a market cap of $2.51 trillion, a P/E ratio of 51.14, a P/E/G ratio of 1.35 and a beta of 1.15. 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 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. On average, analysts forecast that Amazon.com, Inc. will post 5.3 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.