Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Boosted by Wallace Advisory Group LLC

Wallace Advisory Group LLC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 27,247 shares of the e-commerce giant’s stock after buying an additional 292 shares during the quarter. Amazon.com comprises about 4.2% of Wallace Advisory Group LLC’s investment portfolio, making the stock its 3rd largest holding. Wallace Advisory Group LLC’s holdings in Amazon.com were worth $5,978,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cypress Financial Planning LLC grew its stake in shares of Amazon.com by 2.0% during the fourth quarter. Cypress Financial Planning LLC now owns 6,729 shares of the e-commerce giant’s stock worth $1,476,000 after acquiring an additional 131 shares during the last quarter. Tuttle Capital Management LLC increased its stake in Amazon.com by 34.6% during the 4th quarter. Tuttle Capital Management LLC now owns 2,272 shares of the e-commerce giant’s stock valued at $498,000 after purchasing an additional 584 shares in the last quarter. Rosenberg Matthew Hamilton lifted its stake in shares of Amazon.com by 6.2% during the fourth quarter. Rosenberg Matthew Hamilton now owns 4,743 shares of the e-commerce giant’s stock worth $1,041,000 after buying an additional 275 shares during the period. Waycross Investment Management Co purchased a new stake in shares of Amazon.com during the fourth quarter valued at $400,000. Finally, PCA Investment Advisory Services Inc. increased its position in shares of Amazon.com by 2.8% in the 4th quarter. PCA Investment Advisory Services Inc. now owns 11,523 shares of the e-commerce giant’s stock valued at $2,528,000 after acquiring an additional 319 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on AMZN shares. Robert W. Baird upped their target price on Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Redburn Atlantic increased their price objective on shares of Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Piper Sandler boosted their target price on shares of Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Morgan Stanley increased their price target on Amazon.com from $230.00 to $280.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Finally, Moffett Nathanson upped their target price on Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Two 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 company’s stock. Based on data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average target price of $249.02.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $210.00, for a total transaction of $735,000.00. Following the sale, the chief executive officer now directly owns 524,567 shares in the company, valued at approximately $110,159,070. The trade was a 0.66 % 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 the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the sale, the director now owns 88,203 shares in the company, valued at $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,032,344 shares of company stock valued at $1,253,456,822. 10.80% of the stock is owned by company insiders.

Amazon.com Stock Performance

Shares of AMZN 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 stock has a market capitalization of $2.47 trillion, a P/E ratio of 50.29, a P/E/G ratio of 1.31 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. The company’s fifty day moving average is $220.27 and its two-hundred day moving average is $197.47.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The firm had revenue of $158.88 billion during 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 revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.85 earnings per share. On average, sell-side analysts predict that Amazon.com, Inc. will post 5.39 earnings per share for the current year.

Amazon.com 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.