Global Wealth Strategies & Associates Acquires 1,055 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Global Wealth Strategies & Associates grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 25.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,164 shares of the e-commerce giant’s stock after acquiring an additional 1,055 shares during the quarter. Amazon.com accounts for about 0.4% of Global Wealth Strategies & Associates’ investment portfolio, making the stock its 22nd largest holding. Global Wealth Strategies & Associates’ holdings in Amazon.com were worth $1,133,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of AMZN. Old Port Advisors increased its position in shares of Amazon.com by 2.2% during the fourth quarter. Old Port Advisors now owns 7,945 shares of the e-commerce giant’s stock worth $1,743,000 after acquiring an additional 171 shares in the last quarter. Penney Financial LLC lifted its position in shares of Amazon.com by 6.3% in the third quarter. Penney Financial LLC now owns 2,599 shares of the e-commerce giant’s stock worth $484,000 after purchasing an additional 155 shares in the last quarter. SK Wealth Management LLC acquired a new position in Amazon.com during the third quarter worth $1,142,000. IMS Capital Management grew its position in Amazon.com by 2.3% in the third quarter. IMS Capital Management now owns 48,008 shares of the e-commerce giant’s stock valued at $8,945,000 after purchasing an additional 1,078 shares in the last quarter. Finally, Syntax Research Inc. increased its stake in Amazon.com by 10.8% in the 3rd quarter. Syntax Research Inc. now owns 4,300 shares of the e-commerce giant’s stock valued at $801,000 after buying an additional 420 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

AMZN has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a report on Friday, November 1st. Susquehanna boosted their price target on Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. Scotiabank increased their price objective on Amazon.com from $245.00 to $246.00 and gave the company a “sector outperform” rating in a report on Friday, November 1st. Cantor Fitzgerald reissued an “overweight” rating and issued a $230.00 target price on shares of Amazon.com in a research note on Monday, October 7th. Finally, Mizuho boosted their price target on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and a consensus price target of $245.65.

Insiders Place Their Bets

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $206.75, for a total value of $619,497,843.50. Following the completion of the transaction, the insider now directly owns 914,420,614 shares in the company, valued at approximately $189,056,461,944.50. This trade represents a 0.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the sale, the director now directly owns 88,203 shares in the company, valued at $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,032,344 shares of company stock valued at $1,253,456,822. 10.80% of the stock is currently owned by insiders.

Amazon.com Price Performance

Amazon.com stock opened at $220.66 on Friday. The stock has a fifty day moving average of $217.35 and a 200-day moving average of $195.93. The stock has a market capitalization of $2.32 trillion, a P/E ratio of 47.25, a price-to-earnings-growth ratio of 1.22 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. Amazon.com, Inc. has a 52 week low of $149.91 and a 52 week high of $233.00.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The company had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period last year, the company posted $0.85 EPS. On average, sell-side analysts expect that Amazon.com, Inc. will post 5.38 earnings per share for the current fiscal year.

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.