Bogart Wealth LLC Grows Position in Amazon.com, Inc. (NASDAQ:AMZN)

Bogart Wealth LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,480 shares of the e-commerce giant’s stock after purchasing an additional 1,153 shares during the period. Amazon.com accounts for about 0.9% of Bogart Wealth LLC’s holdings, making the stock its 22nd biggest position. Bogart Wealth LLC’s holdings in Amazon.com were worth $18,095,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of AMZN. Rench Wealth Management Inc. boosted its stake in Amazon.com by 7.9% in the 3rd quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant’s stock worth $9,392,000 after purchasing an additional 3,703 shares during the period. Foundations Investment Advisors LLC lifted its holdings in shares of Amazon.com by 9.7% in the third quarter. Foundations Investment Advisors LLC now owns 184,594 shares of the e-commerce giant’s stock worth $34,395,000 after buying an additional 16,392 shares in the last quarter. Blankinship & Foster LLC boosted its position in shares of Amazon.com by 216.4% in the third quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant’s stock valued at $1,291,000 after acquiring an additional 4,740 shares during the period. Umpqua Bank grew its stake in Amazon.com by 0.4% during the third quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant’s stock valued at $6,544,000 after acquiring an additional 137 shares in the last quarter. Finally, One Wealth Capital Management LLC bought a new stake in Amazon.com during the 4th quarter worth approximately $4,270,000. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Royal Bank of Canada raised their price target on shares of Amazon.com from $255.00 to $265.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Scotiabank lifted their price objective on Amazon.com from $246.00 to $306.00 and gave the company a “sector outperform” rating in a research note on Friday, January 24th. Oppenheimer boosted their target price on Amazon.com from $230.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Wells Fargo & Company lowered their price target on Amazon.com from $207.00 to $203.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. boosted their price objective on Amazon.com from $250.00 to $280.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Two investment analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $260.65.

Amazon.com Stock Up 1.2 %

Shares of Amazon.com stock opened at $198.89 on Thursday. The company’s fifty day simple moving average is $222.71 and its two-hundred day simple moving average is $207.20. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-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. The company has a market cap of $2.11 trillion, a P/E ratio of 35.97, a PEG ratio of 1.50 and a beta of 1.19.

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

Insider Transactions at Amazon.com

In related news, SVP David Zapolsky sold 19,212 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $217.50, for a total value of $4,178,610.00. Following the sale, the senior vice president now directly owns 49,950 shares of the company’s stock, valued at $10,864,125. This represents a 27.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction on 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 transaction, the chief executive officer now owns 2,118,886 shares of the company’s stock, valued at approximately $467,532,195.90. This trade represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 102,298 shares of company stock valued at $22,871,828. Corporate insiders own 10.80% of the company’s stock.

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.