Seamount Financial Group Inc. Boosts Position in Amazon.com, Inc. (NASDAQ:AMZN)

Seamount Financial Group Inc. grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 46,896 shares of the e-commerce giant’s stock after purchasing an additional 463 shares during the quarter. Amazon.com makes up approximately 7.1% of Seamount Financial Group Inc.’s holdings, making the stock its 2nd biggest holding. Seamount Financial Group Inc.’s holdings in Amazon.com were worth $10,289,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of AMZN. Quattro Financial Advisors LLC lifted its position in Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after purchasing an additional 45 shares during the period. MBM Wealth Consultants LLC increased its position in shares of Amazon.com by 0.6% during the 4th quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant’s stock valued at $1,889,000 after purchasing an additional 48 shares during the period. Semus Wealth Partners LLC raised its stake in shares of Amazon.com by 0.3% in the 3rd quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant’s stock worth $3,339,000 after buying an additional 49 shares in the last quarter. Bell Investment Advisors Inc lifted its holdings in shares of Amazon.com by 1.5% in the third quarter. Bell Investment Advisors Inc now owns 3,359 shares of the e-commerce giant’s stock valued at $626,000 after buying an additional 51 shares during the period. Finally, Eaton Cambridge Inc. boosted its stake in Amazon.com by 1.1% during the fourth quarter. Eaton Cambridge Inc. now owns 4,533 shares of the e-commerce giant’s stock valued at $994,000 after buying an additional 51 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Activity

In related news, CEO Douglas J. Herrington sold 27,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the transaction, the chief executive officer now owns 497,067 shares in the company, valued at $114,459,618.09. This trade represents a 5.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the sale, the director now owns 88,203 shares in the company, valued at $20,273,459.55. This trade represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 106,649 shares of company stock worth $23,871,905. Company insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AMZN. Raymond James upped their price target on shares of Amazon.com from $260.00 to $275.00 in a report on Monday, February 10th. The Goldman Sachs Group boosted their target price on shares of Amazon.com from $240.00 to $255.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Piper Sandler restated an “overweight” rating and set a $265.00 target price (up from $225.00) on shares of Amazon.com in a report on Friday, February 7th. Canaccord Genuity Group restated a “buy” rating on shares of Amazon.com in a research report on Thursday, February 13th. Finally, Roth Mkm increased their price objective on Amazon.com from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, December 9th. 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 stock. Based on data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and a consensus target price of $260.65.

Amazon.com Trading Down 0.6 %

Shares of Amazon.com stock opened at $203.80 on Wednesday. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The firm has a market capitalization of $2.16 trillion, a PE ratio of 36.85, a price-to-earnings-growth ratio of 1.50 and a beta of 1.15. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The company’s fifty day moving average price is $225.54 and its two-hundred day moving average price is $206.49.

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