Wagner Wealth Management LLC Boosts Position in Amazon.com, Inc. (NASDAQ:AMZN)

Wagner Wealth Management LLC grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 5.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,700 shares of the e-commerce giant’s stock after buying an additional 315 shares during the quarter. Wagner Wealth Management LLC’s holdings in Amazon.com were worth $1,251,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in AMZN. AMF Tjanstepension AB lifted its holdings in shares of Amazon.com by 44.3% in the third quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant’s stock valued at $492,172,000 after purchasing an additional 811,425 shares in the last quarter. Keeler & Nadler Financial Planning & Wealth Management raised its position in shares of Amazon.com by 12.0% during the 3rd quarter. Keeler & Nadler Financial Planning & Wealth Management now owns 3,560 shares of the e-commerce giant’s stock worth $663,000 after purchasing an additional 381 shares during the last quarter. Pinnacle Bancorp Inc. lifted its stake in Amazon.com by 19.3% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 29,241 shares of the e-commerce giant’s stock valued at $5,448,000 after buying an additional 4,721 shares in the last quarter. LifePro Asset Management grew its holdings in Amazon.com by 74.3% during the 3rd quarter. LifePro Asset Management now owns 6,484 shares of the e-commerce giant’s stock valued at $1,208,000 after buying an additional 2,765 shares during the last quarter. Finally, Watts Gwilliam & Co. LLC purchased a new position in Amazon.com during the third quarter worth $6,056,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN stock opened at $199.25 on Friday. The firm has a fifty day simple moving average of $224.11 and a 200-day simple moving average of $206.61. The company has a market capitalization of $2.11 trillion, a PE ratio of 36.03, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data 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%. Equities research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on AMZN shares. Barclays upped their price objective on Amazon.com from $235.00 to $265.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Citigroup restated a “buy” rating on shares of Amazon.com in a report on Thursday, February 13th. BMO Capital Markets reiterated an “outperform” rating and set a $236.00 price target on shares of Amazon.com in a report on Tuesday, December 3rd. Wolfe Research upped their price objective on shares of Amazon.com from $250.00 to $270.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Finally, Wells Fargo & Company decreased their target price on shares of Amazon.com from $207.00 to $203.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 25th. Two analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $260.65.

Insider Activity at Amazon.com

In related news, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com 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 approximately $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction 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 trade represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 106,649 shares of company stock valued at $23,871,905. Insiders own 10.80% of the company’s stock.

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.