Gateway Wealth Partners LLC Buys 1,044 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Gateway Wealth Partners LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 5.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,257 shares of the e-commerce giant’s stock after purchasing an additional 1,044 shares during the quarter. Amazon.com comprises about 1.2% of Gateway Wealth Partners LLC’s investment portfolio, making the stock its 17th biggest position. Gateway Wealth Partners LLC’s holdings in Amazon.com were worth $4,664,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Hoese & Co LLP purchased a new stake in Amazon.com during the third quarter valued at approximately $37,000. Bull Oak Capital LLC purchased a new stake in Amazon.com during the 3rd quarter valued at $45,000. Values First Advisors Inc. bought a new stake in Amazon.com in the third quarter worth $56,000. IFS Advisors LLC boosted its stake in Amazon.com by 1,625.0% during the fourth quarter. IFS Advisors LLC now owns 345 shares of the e-commerce giant’s stock worth $76,000 after buying an additional 325 shares during the period. Finally, West Financial Advisors LLC bought a new position in Amazon.com during the fourth quarter valued at $88,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Down 1.0 %

NASDAQ AMZN opened at $226.45 on Wednesday. The firm’s fifty day moving average is $228.26 and its two-hundred day moving average is $202.87. 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 quick ratio of 0.87 and a current ratio of 1.09. The firm has a market cap of $2.38 trillion, a PE ratio of 40.95, a P/E/G ratio of 1.36 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 25.49% and a net margin of 9.29%. Analysts expect that Amazon.com, Inc. will post 6.24 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on AMZN. Tigress Financial raised their target price on shares of Amazon.com from $245.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Scotiabank boosted their target price 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. BMO Capital Markets reiterated an “outperform” rating and issued a $236.00 price target on shares of Amazon.com in a report on Tuesday, December 3rd. Susquehanna boosted their price objective on Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a report on Friday, November 1st. Finally, Mizuho increased their target price on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Two analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $260.74.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Matthew S. Garman sold 15,260 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the completion of the transaction, the chief executive officer now owns 349,261 shares in the company, valued at approximately $69,918,559.59. This represents a 4.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $210.00, for a total transaction of $735,000.00. Following the completion of the sale, the chief executive officer now directly owns 524,567 shares in the company, valued at approximately $110,159,070. The trade was a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 50,611 shares of company stock worth $11,122,402 over the last 90 days. 10.80% of the stock is currently owned by insiders.

About Amazon.com

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.