Monterey Private Wealth Inc. Increases Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Monterey Private Wealth Inc. grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 4.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 12,930 shares of the e-commerce giant’s stock after buying an additional 601 shares during the period. Amazon.com accounts for approximately 0.9% of Monterey Private Wealth Inc.’s portfolio, making the stock its 22nd largest position. Monterey Private Wealth Inc.’s holdings in Amazon.com were worth $2,837,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of AMZN. State Street Corp lifted its holdings in Amazon.com by 3.3% in the third quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock valued at $66,926,008,000 after acquiring an additional 11,370,309 shares during the period. Geode Capital Management LLC grew its holdings in shares of Amazon.com by 3.4% during the third quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant’s stock worth $37,116,341,000 after buying an additional 6,545,944 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Amazon.com by 1.5% during the second quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant’s stock worth $13,466,933,000 after purchasing an additional 1,042,177 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Amazon.com by 3.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 57,833,954 shares of the e-commerce giant’s stock valued at $10,776,201,000 after acquiring an additional 1,984,592 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Amazon.com by 3.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 57,308,094 shares of the e-commerce giant’s stock valued at $10,678,217,000 after buying an additional 1,980,663 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $210.00, for a total transaction of $735,000.00. Following the completion of the transaction, the chief executive officer now directly owns 524,567 shares of the company’s stock, valued at $110,159,070. This represents a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jonathan Rubinstein sold 4,351 shares of the firm’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 completion of the transaction, the director now owns 88,203 shares of the company’s stock, valued at $20,273,459.55. The trade was a 4.70 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,026,212 shares of company stock worth $625,666,424. Company insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. JMP Securities reissued a “market outperform” rating and issued a $285.00 price objective on shares of Amazon.com in a research report on Thursday, January 30th. UBS Group upped their price objective on Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Wells Fargo & Company raised their target price on shares of Amazon.com from $197.00 to $212.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 14th. Benchmark boosted their target price on shares of Amazon.com from $215.00 to $265.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, The Goldman Sachs Group raised their target price on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Two investment 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’s stock. Based on data from MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $252.56.

Amazon.com Stock Up 1.1 %

AMZN opened at $238.83 on Friday. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The firm has a market cap of $2.51 trillion, a price-to-earnings ratio of 51.14, a PEG ratio of 1.35 and a beta of 1.15. The firm’s 50-day simple moving average is $225.85 and its 200-day simple moving average is $200.03. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS 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%. Equities research analysts anticipate that Amazon.com, Inc. will post 5.3 EPS for the current fiscal year.

Amazon.com 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.