Wilmar Advisors LLC Acquires Shares of 27,000 Amazon.com, Inc. (NASDAQ:AMZN)

Wilmar Advisors LLC bought a new stake in Amazon.com, Inc. (NASDAQ:AMZN) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 27,000 shares of the e-commerce giant’s stock, valued at approximately $5,924,000. Amazon.com makes up approximately 5.5% of Wilmar Advisors LLC’s investment portfolio, making the stock its 4th largest position.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. BlueStem Wealth Partners LLC bought a new stake in shares of Amazon.com in the 4th quarter worth about $1,584,000. Hickory Point Bank & Trust acquired a new position in Amazon.com in the fourth quarter worth about $1,412,000. Purkiss Capital Advisors LLC bought a new stake in Amazon.com in the fourth quarter valued at about $1,939,000. Keynote Financial Services LLC raised its stake in Amazon.com by 0.7% during the fourth quarter. Keynote Financial Services LLC now owns 8,368 shares of the e-commerce giant’s stock valued at $1,836,000 after buying an additional 58 shares in the last quarter. Finally, PCG Asset Management LLC bought a new position in Amazon.com during the 4th quarter worth approximately $2,553,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AMZN. BMO Capital Markets reiterated an “outperform” rating and issued a $236.00 price target on shares of Amazon.com in a report on Tuesday, December 3rd. Phillip Securities downgraded shares of Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, February 10th. Benchmark increased their target price on shares of Amazon.com from $215.00 to $265.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. UBS Group raised their price target on shares of Amazon.com from $230.00 to $264.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Finally, The Goldman Sachs Group boosted their price objective on shares of Amazon.com from $240.00 to $255.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $260.53.

Amazon.com Price Performance

NASDAQ AMZN opened at $192.17 on Wednesday. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The business’s fifty day moving average is $215.38 and its two-hundred day moving average is $209.31. The stock has a market capitalization of $2.04 trillion, a P/E ratio of 34.75, a P/E/G ratio of 1.50 and a beta of 1.19. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06.

Amazon.com (NASDAQ:AMZN) last announced 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 return on equity of 24.25% and a net margin of 9.29%. On average, research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the transaction, the chief executive officer now owns 497,067 shares in the company, valued at approximately $114,459,618.09. The trade was a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Brian T. Olsavsky sold 14,620 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $223.14, for a total value of $3,262,306.80. Following the completion of the sale, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at approximately $10,933,860. This represents a 22.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 102,298 shares of company stock valued at $22,871,828. 10.80% of the stock is currently owned by corporate insiders.

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.