Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Opes Wealth Management LLC

Opes Wealth Management LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 75.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,647 shares of the e-commerce giant’s stock after buying an additional 3,729 shares during the period. Opes Wealth Management LLC’s holdings in Amazon.com were worth $1,897,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Stanich Group LLC acquired a new stake in Amazon.com in the fourth quarter valued at $498,000. MOKAN Wealth Management Inc. acquired a new stake in Amazon.com in the fourth quarter valued at $4,842,000. L.M. Kohn & Company raised its stake in Amazon.com by 0.7% in the fourth quarter. L.M. Kohn & Company now owns 89,003 shares of the e-commerce giant’s stock valued at $19,526,000 after buying an additional 656 shares in the last quarter. Blue Zone Wealth Advisors LLC raised its stake in Amazon.com by 1.9% in the fourth quarter. Blue Zone Wealth Advisors LLC now owns 27,817 shares of the e-commerce giant’s stock valued at $6,103,000 after buying an additional 507 shares in the last quarter. Finally, Copperleaf Capital LLC raised its stake in Amazon.com by 13.5% in the fourth quarter. Copperleaf Capital LLC now owns 17,632 shares of the e-commerce giant’s stock valued at $3,868,000 after buying an additional 2,091 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Trading Up 2.1 %

Shares of Amazon.com stock opened at $197.95 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The company has a market capitalization of $2.10 trillion, a P/E ratio of 35.80, a P/E/G ratio of 1.50 and a beta of 1.19. The business has a 50 day moving average price of $221.65 and a 200 day moving average price of $207.76.

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

Analysts Set New Price Targets

AMZN has been the topic of a number of research analyst reports. Citigroup reiterated a “buy” rating on shares of Amazon.com in a research report on Thursday, February 13th. Redburn Atlantic lifted their target price on Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Wedbush reiterated an “outperform” rating and set a $280.00 target price on shares of Amazon.com in a research report on Friday, February 7th. The Goldman Sachs Group lifted their target price on Amazon.com from $240.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $236.00 target price on shares of Amazon.com in a research report on Tuesday, December 3rd. Two equities research 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 company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $260.65.

Insiders Place Their Bets

In related news, 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 transaction, the chief executive officer now directly 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction on 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 completion of the transaction, the chief executive officer now directly 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. Insiders have sold a total of 102,298 shares of company stock valued at $22,871,828 in the last quarter. 10.80% of the stock is currently owned by company insiders.

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.