Wingate Wealth Advisors Inc. Buys New Position in Amazon.com, Inc. (NASDAQ:AMZN)

Wingate Wealth Advisors Inc. bought a new stake in Amazon.com, Inc. (NASDAQ:AMZN) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,718 shares of the e-commerce giant’s stock, valued at approximately $596,000.

Several other institutional investors also recently added to or reduced their stakes in AMZN. AMF Tjanstepension AB boosted its holdings in Amazon.com by 44.3% in the 3rd 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 during the period. Keeler & Nadler Financial Planning & Wealth Management raised its position in shares of Amazon.com by 12.0% during the third quarter. Keeler & Nadler Financial Planning & Wealth Management now owns 3,560 shares of the e-commerce giant’s stock valued at $663,000 after buying an additional 381 shares during the last quarter. Pinnacle Bancorp Inc. lifted its stake in shares of Amazon.com by 19.3% in the third 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 during the period. LifePro Asset Management grew its position in Amazon.com by 74.3% during the third quarter. LifePro Asset Management now owns 6,484 shares of the e-commerce giant’s stock worth $1,208,000 after buying an additional 2,765 shares in the last quarter. Finally, Watts Gwilliam & Co. LLC bought a new position in Amazon.com during the third quarter valued at about $6,056,000. 72.20% of the stock is owned by institutional investors.

Insider Transactions at Amazon.com

In other news, CEO Andrew R. Jassy sold 20,784 shares of the company’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 completion of the sale, the chief executive officer now directly owns 2,118,886 shares of the company’s stock, valued at $467,532,195.90. This represents a 0.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP David Zapolsky sold 19,212 shares of Amazon.com stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the transaction, the senior vice president now directly owns 49,950 shares in the company, valued at $10,864,125. The trade was a 27.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 106,649 shares of company stock worth $23,871,905 in the last three months. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Down 0.7 %

Shares of NASDAQ AMZN opened at $199.25 on Friday. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The firm’s 50-day moving average is $224.11 and its 200-day moving average is $206.61. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The firm 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 (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 net margin of 9.29% and a return on equity of 24.25%. Equities analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Upgrades and Downgrades

AMZN has been the topic of several recent research reports. Morgan Stanley lifted their price objective on Amazon.com from $230.00 to $280.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Barclays lifted their price target on shares of Amazon.com from $235.00 to $265.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Citigroup restated a “buy” rating on shares of Amazon.com in a research note on Thursday, February 13th. JMP Securities reiterated a “market outperform” rating and set a $285.00 target price on shares of Amazon.com in a research report on Friday, February 7th. Finally, Sanford C. Bernstein increased their price target on shares of Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Two investment 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 company. Based on data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and an average price target of $260.65.

Amazon.com Company 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.