Amazon.com, Inc. (NASDAQ:AMZN) is Ibex Wealth Advisors’ 5th Largest Position

Ibex Wealth Advisors boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 37.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 87,286 shares of the e-commerce giant’s stock after purchasing an additional 23,837 shares during the period. Amazon.com comprises approximately 2.3% of Ibex Wealth Advisors’ holdings, making the stock its 5th largest holding. Ibex Wealth Advisors’ holdings in Amazon.com were worth $19,150,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Fiera Capital Corp increased its position in Amazon.com by 12.5% during the 2nd quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock valued at $77,515,000 after purchasing an additional 44,615 shares during the period. Beck Bode LLC purchased a new position in shares of Amazon.com during the second quarter valued at about $651,000. Itau Unibanco Holding S.A. increased its position in shares of Amazon.com by 107.8% during the second quarter. Itau Unibanco Holding S.A. now owns 452,109 shares of the e-commerce giant’s stock valued at $87,370,000 after buying an additional 234,577 shares during the period. Fernbridge Capital Management LP raised its stake in Amazon.com by 22.4% in the second quarter. Fernbridge Capital Management LP now owns 698,553 shares of the e-commerce giant’s stock worth $134,995,000 after buying an additional 127,751 shares in the last quarter. Finally, First City Capital Management Inc. lifted its holdings in Amazon.com by 1.3% in the second quarter. First City Capital Management Inc. now owns 16,606 shares of the e-commerce giant’s stock worth $3,209,000 after buying an additional 215 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $226.63 on Thursday. The company has a market capitalization of $2.40 trillion, a price-to-earnings ratio of 40.98, a P/E/G ratio of 1.58 and a beta of 1.15. The firm’s 50 day simple moving average is $228.22 and its 200 day simple moving average is $203.44. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on AMZN shares. Tigress Financial increased their price objective on Amazon.com from $245.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Truist Financial lifted their price target on shares of Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Rosenblatt Securities upped their price objective on shares of Amazon.com from $236.00 to $287.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Wolfe Research lifted their target price on shares of Amazon.com from $250.00 to $270.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Finally, DA Davidson boosted their target price on Amazon.com from $235.00 to $280.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $260.74.

Insider Activity

In related news, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction dated 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $210.00, for a total transaction of $735,000.00. Following the sale, the chief executive officer now owns 524,567 shares in the company, valued at $110,159,070. This represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,852 shares of company stock valued at $9,324,151 over the last ninety days. 10.80% of the stock is currently owned by company insiders.

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.