Rainey & Randall Wealth Advisors Inc. raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,163 shares of the e-commerce giant’s stock after acquiring an additional 74 shares during the period. Rainey & Randall Wealth Advisors Inc.’s holdings in Amazon.com were worth $475,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in AMZN. Kooman & Associates boosted its position in shares of Amazon.com by 2.2% in the fourth quarter. Kooman & Associates now owns 3,832 shares of the e-commerce giant’s stock valued at $841,000 after acquiring an additional 81 shares during the period. Abound Financial LLC acquired a new stake in Amazon.com in the 4th quarter worth about $549,000. Marshall Investment Management LLC bought a new stake in Amazon.com in the 4th quarter valued at about $5,392,000. TCW Group Inc. grew its position in shares of Amazon.com by 0.8% during the 4th quarter. TCW Group Inc. now owns 2,376,450 shares of the e-commerce giant’s stock worth $521,369,000 after purchasing an additional 17,827 shares in the last quarter. Finally, FPC Investment Advisory Inc. increased its holdings in shares of Amazon.com by 147.2% during the fourth quarter. FPC Investment Advisory Inc. now owns 1,933 shares of the e-commerce giant’s stock worth $459,000 after purchasing an additional 1,151 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.
Amazon.com Stock Performance
NASDAQ AMZN opened at $203.26 on Tuesday. 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 capitalization of $2.15 trillion, a PE ratio of 36.76, 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 company has a 50-day simple moving average of $218.60 and a 200 day simple moving average of $208.62.
Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating 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%. On average, research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.
Insider Buying and Selling at Amazon.com
In related news, SVP David Zapolsky sold 19,212 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the sale, the senior vice president now owns 49,950 shares of the company’s stock, valued at approximately $10,864,125. This represents a 27.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction dated 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 of the company’s stock, valued at $114,459,618.09. The trade was a 5.24 % decrease in their position. 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 over the last three months. 10.80% of the stock is currently owned by insiders.
Analysts Set New Price Targets
Several equities analysts have weighed in on the company. Mizuho lifted their price objective on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Redburn Atlantic upped their price objective on shares of Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Wells Fargo & Company reduced their price objective on shares of Amazon.com from $207.00 to $203.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 25th. Citigroup restated a “buy” rating on shares of Amazon.com in a research report on Thursday, February 13th. Finally, Wedbush reiterated an “outperform” rating and set a $280.00 price target on shares of Amazon.com in a research report on Friday, February 7th. Two research 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’s stock. Based on data from MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and a consensus price target of $260.65.
Read Our Latest Analysis on Amazon.com
Amazon.com Company Profile
(Free Report)
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.
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