Transform Wealth LLC Acquires 19,072 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Transform Wealth LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 13.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 156,292 shares of the e-commerce giant’s stock after purchasing an additional 19,072 shares during the quarter. Amazon.com makes up 1.9% of Transform Wealth LLC’s investment portfolio, making the stock its 7th biggest holding. Transform Wealth LLC’s holdings in Amazon.com were worth $34,289,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Fiera Capital Corp raised its holdings in Amazon.com by 12.5% during the second quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock worth $77,515,000 after purchasing an additional 44,615 shares in the last quarter. Prudential PLC grew its position in shares of Amazon.com by 9.5% in the second quarter. Prudential PLC now owns 781,596 shares of the e-commerce giant’s stock valued at $151,043,000 after purchasing an additional 67,971 shares during the last quarter. Clifford Swan Investment Counsel LLC lifted its position in shares of Amazon.com by 0.6% in the second quarter. Clifford Swan Investment Counsel LLC now owns 177,643 shares of the e-commerce giant’s stock valued at $34,330,000 after acquiring an additional 1,083 shares in the last quarter. Roof Eidam Maycock Peralta LLC raised its position in shares of Amazon.com by 30.8% in the second quarter. Roof Eidam Maycock Peralta LLC now owns 6,882 shares of the e-commerce giant’s stock valued at $1,330,000 after buying an additional 1,622 shares during the last quarter. Finally, Wedbush Securities Inc. boosted its holdings in shares of Amazon.com by 2.7% during the second quarter. Wedbush Securities Inc. now owns 468,400 shares of the e-commerce giant’s stock worth $90,518,000 after purchasing an additional 12,272 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In related news, insider Jeffrey P. Bezos sold 2,996,362 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $206.75, for a total value of $619,497,843.50. Following the completion of the sale, the insider now owns 914,420,614 shares of the company’s stock, valued at $189,056,461,944.50. This trade represents a 0.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the transaction, the director now owns 24,912 shares in the company, valued at approximately $4,958,982.72. This represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,026,212 shares of company stock valued at $625,666,424. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

NASDAQ:AMZN opened at $238.83 on Friday. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. 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 has a market cap of $2.51 trillion, a P/E ratio of 51.14, a PEG ratio of 1.35 and a beta of 1.15. The company has a fifty day moving average price of $225.85 and a 200 day moving average price of $200.03.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results 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%. Analysts anticipate that Amazon.com, Inc. will post 5.3 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Evercore ISI upped their price objective on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. JMP Securities reissued a “market outperform” rating and set a $285.00 price target on shares of Amazon.com in a research report on Thursday, January 30th. DA Davidson reiterated a “buy” rating and set a $235.00 target price on shares of Amazon.com in a research note on Thursday, October 10th. Moffett Nathanson raised their price target on shares of Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, The Goldman Sachs Group upped their target price 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 given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $252.56.

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.