Wealthspan Partners LLC Has $822,000 Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Wealthspan Partners LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,746 shares of the e-commerce giant’s stock after buying an additional 159 shares during the quarter. Wealthspan Partners LLC’s holdings in Amazon.com were worth $822,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in AMZN. Ogorek Anthony Joseph NY ADV raised its position in Amazon.com by 1.2% during the fourth quarter. Ogorek Anthony Joseph NY ADV now owns 9,818 shares of the e-commerce giant’s stock valued at $2,154,000 after purchasing an additional 115 shares in the last quarter. Leisure Capital Management boosted its stake in Amazon.com by 1.3% in the fourth quarter. Leisure Capital Management now owns 5,709 shares of the e-commerce giant’s stock valued at $1,252,000 after buying an additional 76 shares in the last quarter. Lazari Capital Management Inc. grew its position in Amazon.com by 6.8% in the fourth quarter. Lazari Capital Management Inc. now owns 80,233 shares of the e-commerce giant’s stock valued at $17,602,000 after acquiring an additional 5,104 shares during the last quarter. Fiduciary Planning LLC raised its stake in Amazon.com by 76.3% during the fourth quarter. Fiduciary Planning LLC now owns 15,674 shares of the e-commerce giant’s stock worth $3,439,000 after acquiring an additional 6,782 shares in the last quarter. Finally, Resonant Capital Advisors LLC lifted its holdings in shares of Amazon.com by 3.1% in the fourth quarter. Resonant Capital Advisors LLC now owns 44,799 shares of the e-commerce giant’s stock worth $9,828,000 after acquiring an additional 1,340 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In related news, VP Shelley Reynolds sold 8,833 shares of Amazon.com stock in a transaction on Friday, February 21st. The stock was sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $26,647,456.60. This trade represents a 6.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the transaction, the chief executive officer now directly owns 2,118,886 shares of the company’s stock, valued at $467,532,195.90. The trade was a 0.97 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 110,149 shares of company stock worth $24,606,905. 10.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on AMZN shares. Tigress Financial increased their price objective on shares of Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Oppenheimer boosted their price objective on Amazon.com from $230.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Wolfe Research lifted their price target on Amazon.com from $250.00 to $270.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Truist Financial raised their price objective on shares of Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Roth Mkm boosted their target price on shares of Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Two research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $260.65.

Amazon.com Stock Up 0.7 %

Amazon.com stock opened at $214.35 on Thursday. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The firm’s 50-day simple moving average is $226.99 and its 200 day simple moving average is $205.27. The stock has a market cap of $2.27 trillion, a PE ratio of 38.76, a price-to-earnings-growth ratio of 1.50 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data 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%. Research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.