Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Wiser Advisor Group LLC

Wiser Advisor Group LLC grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,592 shares of the e-commerce giant’s stock after acquiring an additional 218 shares during the period. Amazon.com accounts for approximately 4.0% of Wiser Advisor Group LLC’s holdings, making the stock its 4th largest position. Wiser Advisor Group LLC’s holdings in Amazon.com were worth $2,763,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Accordant Advisory Group Inc lifted its stake in Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after acquiring an additional 100 shares during the last quarter. Icon Wealth Advisors LLC raised its holdings in shares of Amazon.com by 20.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after purchasing an additional 25,581 shares during the period. Quattro Financial Advisors LLC lifted its stake in Amazon.com by 23.8% in the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after purchasing an additional 45 shares during the last quarter. Compass Planning Associates Inc bought a new position in Amazon.com during the fourth quarter worth about $51,000. Finally, Iron Horse Wealth Management LLC increased its position in Amazon.com by 64.4% during the fourth quarter. Iron Horse Wealth Management LLC now owns 286 shares of the e-commerce giant’s stock worth $63,000 after buying an additional 112 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. JMP Securities reaffirmed a “market outperform” rating and issued a $285.00 price objective on shares of Amazon.com in a research report on Friday, February 7th. Tigress Financial raised their price target on Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a report on Friday, December 20th. DA Davidson upped their price objective on shares of Amazon.com from $235.00 to $280.00 and gave the company a “buy” rating in a report on Friday, February 7th. Scotiabank raised their target price on shares of Amazon.com from $246.00 to $306.00 and gave the stock a “sector outperform” rating in a research note on Friday, January 24th. Finally, Stifel Nicolaus upped their price target on shares of Amazon.com from $245.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Two investment 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 stock. According to MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and a consensus price target of $260.11.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 5,501 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the completion of the transaction, the chief executive officer now directly owns 505,318 shares of the company’s stock, valued at $115,434,843.92. This trade represents a 1.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP David Zapolsky sold 19,212 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $217.50, for a total value of $4,178,610.00. Following the completion of the sale, the senior vice president now owns 49,950 shares in the company, valued at $10,864,125. This trade represents a 27.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 102,298 shares of company stock worth $22,871,828 in the last quarter. 10.80% of the stock is owned by insiders.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $190.26 on Tuesday. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The company has a market cap of $2.02 trillion, a price-to-earnings ratio of 34.41, a PEG ratio of 1.50 and a beta of 1.19. The firm has a 50 day simple moving average of $216.15 and a 200 day simple moving average of $209.27.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data 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%. Research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.