Clay Northam Wealth Management LLC Acquires 249 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Clay Northam Wealth Management LLC raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,568 shares of the e-commerce giant’s stock after acquiring an additional 249 shares during the quarter. Amazon.com makes up 7.6% of Clay Northam Wealth Management LLC’s investment portfolio, making the stock its 4th largest position. Clay Northam Wealth Management LLC’s holdings in Amazon.com were worth $11,752,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AMZN. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Amazon.com during the 2nd quarter worth $3,243,000. Heritage Oak Wealth Advisors LLC purchased a new stake in shares of Amazon.com in the second quarter valued at $1,130,000. Kestra Investment Management LLC acquired a new position in Amazon.com in the second quarter valued at $5,624,000. RiverFront Investment Group LLC lifted its position in Amazon.com by 11.2% during the second quarter. RiverFront Investment Group LLC now owns 158,157 shares of the e-commerce giant’s stock worth $30,564,000 after buying an additional 15,900 shares during the period. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in Amazon.com in the 2nd quarter worth about $1,750,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN opened at $214.35 on Thursday. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year 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 company has a market cap of $2.27 trillion, a price-to-earnings ratio of 38.76, a price-to-earnings-growth ratio of 1.50 and a beta of 1.15. The firm has a fifty day moving average of $226.99 and a 200-day moving average of $205.27.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data 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 net margin of 9.29% and a return on equity of 24.25%. As a group, equities analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 27,500 shares of the company’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total value of $6,332,425.00. Following the transaction, the chief executive officer now owns 497,067 shares in the company, valued at $114,459,618.09. This represents a 5.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the sale, the director now owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 110,149 shares of company stock valued at $24,606,905 over the last ninety days. Corporate insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Loop Capital increased their price objective on shares of Amazon.com from $275.00 to $285.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Phillip Securities downgraded shares of Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, February 10th. Citigroup reiterated a “buy” rating on shares of Amazon.com in a report on Thursday, February 13th. Piper Sandler restated an “overweight” rating and set a $265.00 price objective (up from $225.00) on shares of Amazon.com in a report on Friday, February 7th. Finally, Roth Mkm lifted their target price on Amazon.com from $220.00 to $250.00 and gave the company a “buy” rating in a report on Monday, December 9th. Two equities research 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’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $260.65.

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.