Marcum Wealth LLC Increases Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Marcum Wealth LLC boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 5.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,829 shares of the e-commerce giant’s stock after buying an additional 2,019 shares during the period. Amazon.com makes up 0.8% of Marcum Wealth LLC’s investment portfolio, making the stock its 23rd biggest holding. Marcum Wealth LLC’s holdings in Amazon.com were worth $8,738,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of AMZN. PayPay Securities Corp lifted its position in Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after buying an additional 64 shares during the last quarter. Hoese & Co LLP bought a new position in Amazon.com during the third quarter valued at approximately $37,000. Bull Oak Capital LLC purchased a new position in shares of Amazon.com during the third quarter worth approximately $45,000. Values First Advisors Inc. bought a new stake in shares of Amazon.com in the 3rd quarter worth approximately $56,000. Finally, Abich Financial Wealth Management LLC boosted its stake in shares of Amazon.com by 84.7% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 434 shares of the e-commerce giant’s stock valued at $84,000 after purchasing an additional 199 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In other news, Director Jonathan Rubinstein sold 5,004 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the completion of the transaction, the director now directly owns 99,396 shares in the company, valued at approximately $19,864,290.60. This represents a 4.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the completion of the sale, the insider now owns 917,416,976 shares in the company, valued at approximately $191,602,535,437.60. This trade represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,032,344 shares of company stock worth $1,253,456,822. Insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the topic of several analyst reports. Moffett Nathanson lifted their price objective on Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Wolfe Research lifted their price target on Amazon.com from $250.00 to $270.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. HSBC increased their price objective on Amazon.com from $225.00 to $270.00 and gave the company a “buy” rating in a research note on Monday, January 13th. JMP Securities reaffirmed a “market outperform” rating and issued a $285.00 target price on shares of Amazon.com in a research note on Friday, January 10th. Finally, Telsey Advisory Group increased their price target on shares of Amazon.com from $215.00 to $235.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. 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 company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $249.02.

Amazon.com Price Performance

AMZN stock opened at $234.85 on Friday. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $236.40. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The firm has a market capitalization of $2.47 trillion, a PE ratio of 50.29, a price-to-earnings-growth ratio of 1.31 and a beta of 1.14. The business has a 50 day simple moving average of $219.63 and a 200-day simple moving average of $197.22.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. During the same period in the prior year, the business earned $0.85 EPS. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. Equities research analysts anticipate that Amazon.com, Inc. will post 5.39 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.