Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by WP Advisors LLC

WP Advisors LLC lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,192 shares of the e-commerce giant’s stock after buying an additional 442 shares during the period. Amazon.com makes up approximately 1.5% of WP Advisors LLC’s holdings, making the stock its 18th largest position. WP Advisors LLC’s holdings in Amazon.com were worth $4,430,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Rench Wealth Management Inc. lifted its position in Amazon.com by 7.9% in the third quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant’s stock valued at $9,392,000 after purchasing an additional 3,703 shares during the period. Foundations Investment Advisors LLC lifted its position in 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 valued at $34,395,000 after purchasing an additional 16,392 shares during the period. Blankinship & Foster LLC lifted its position in 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 purchasing an additional 4,740 shares during the period. Umpqua Bank lifted its position in Amazon.com by 0.4% in the third quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant’s stock valued at $6,544,000 after purchasing an additional 137 shares during the period. Finally, One Wealth Capital Management LLC acquired a new stake in Amazon.com in the fourth quarter valued at about $4,270,000. Institutional investors and hedge funds 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 on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the transaction, the chief executive officer now directly owns 497,067 shares in the company, valued at approximately $114,459,618.09. This trade represents a 5.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP David Zapolsky sold 19,212 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the completion of the transaction, the senior vice president now owns 49,950 shares in the company, valued at $10,864,125. The trade was a 27.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 102,298 shares of company stock worth $22,871,828. 10.80% of the stock is owned by corporate insiders.

Amazon.com Stock Up 0.6 %

Shares of NASDAQ:AMZN opened at $196.21 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The company has a market cap of $2.08 trillion, a PE ratio of 35.48, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The firm has a 50 day simple moving average of $218.90 and a 200 day simple moving average of $208.19.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping 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%. As a group, research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AMZN. Tigress Financial increased their target price on shares of Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a report on Friday, December 20th. Jefferies Financial Group lifted their target price on shares of Amazon.com from $235.00 to $275.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Stifel Nicolaus lifted their price target on shares of Amazon.com from $245.00 to $275.00 and gave the company a “buy” rating in a report on Friday, February 7th. Morgan Stanley lifted their price target on shares of Amazon.com from $230.00 to $280.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Finally, TD Cowen boosted their price objective on shares of Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. 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. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $260.65.

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.