Wealthspire Advisors LLC Buys 9,594 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Wealthspire Advisors LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 186,835 shares of the e-commerce giant’s stock after acquiring an additional 9,594 shares during the period. Wealthspire Advisors LLC’s holdings in Amazon.com were worth $40,990,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. AMF Tjanstepension AB increased its holdings in Amazon.com by 44.3% during the third quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant’s stock worth $492,172,000 after buying an additional 811,425 shares during the last quarter. Swedbank AB grew its position in shares of Amazon.com by 1.4% in the 3rd quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant’s stock valued at $2,484,864,000 after acquiring an additional 183,610 shares during the period. Sassicaia Capital Advisers LLC bought a new position in shares of Amazon.com in the 3rd quarter valued at about $279,000. Howard Capital Management Group LLC increased its stake in shares of Amazon.com by 0.3% during the 3rd quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant’s stock worth $66,434,000 after purchasing an additional 897 shares during the last quarter. Finally, Meridian Management Co. raised its holdings in shares of Amazon.com by 27.6% in the 3rd quarter. Meridian Management Co. now owns 33,460 shares of the e-commerce giant’s stock valued at $6,235,000 after purchasing an additional 7,246 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Loop Capital boosted their price target on Amazon.com from $275.00 to $285.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. DA Davidson boosted their target price on Amazon.com from $235.00 to $280.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Rosenblatt Securities raised their price target on Amazon.com from $236.00 to $287.00 and gave the company a “buy” rating in a report on Friday, February 7th. JMP Securities reiterated a “market outperform” rating and issued a $285.00 price objective on shares of Amazon.com in a report on Friday, February 7th. Finally, Tigress Financial increased their price objective on shares of Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Two equities research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $260.65.

Amazon.com Trading Up 3.6 %

AMZN opened at $203.26 on Tuesday. The company has a market cap of $2.15 trillion, a P/E ratio of 36.76, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19. The company has a fifty day moving average price of $218.60 and a two-hundred day moving average price of $208.62. 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, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52.

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, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In other news, VP Shelley Reynolds sold 8,833 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the transaction, the vice president now owns 119,780 shares in the company, valued at $26,647,456.60. This trade represents a 6.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 27,500 shares of the company’s 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 sale, the chief executive officer now owns 497,067 shares of the company’s stock, valued at $114,459,618.09. This trade represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 102,298 shares of company stock valued at $22,871,828 over the last three months. Corporate insiders own 10.80% of the company’s stock.

About Amazon.com

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.