Sard Wealth Management Group LLC Raises Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Sard Wealth Management Group LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 3,372 shares of the e-commerce giant’s stock after purchasing an additional 101 shares during the period. Amazon.com accounts for approximately 0.5% of Sard Wealth Management Group LLC’s portfolio, making the stock its 20th biggest holding. Sard Wealth Management Group LLC’s holdings in Amazon.com were worth $740,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMZN. Hoese & Co LLP acquired a new stake in Amazon.com in the 3rd quarter valued at about $37,000. Bull Oak Capital LLC purchased a new stake in shares of Amazon.com in the third quarter valued at approximately $45,000. Values First Advisors Inc. acquired a new stake in shares of Amazon.com in the third quarter valued at approximately $56,000. IFS Advisors LLC lifted its position in Amazon.com by 1,625.0% during the fourth quarter. IFS Advisors LLC now owns 345 shares of the e-commerce giant’s stock worth $76,000 after buying an additional 325 shares in the last quarter. Finally, West Financial Advisors LLC acquired a new position in Amazon.com during the fourth quarter worth $88,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,996,362 shares of the business’s stock in a transaction on 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 sale, the insider now directly owns 917,416,976 shares in the company, valued at approximately $191,602,535,437.60. The trade was a 0.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the transaction, the director now owns 24,912 shares of the company’s stock, valued at $4,958,982.72. This represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,027,340 shares of company stock valued at $1,252,456,773. 10.80% of the stock is owned by corporate insiders.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $234.64 on Friday. 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 cap of $2.47 trillion, a price-to-earnings ratio of 50.24, a price-to-earnings-growth ratio of 1.31 and a beta of 1.14. The firm’s fifty day moving average price is $222.30 and its 200 day moving average price is $198.30. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $241.77.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business’s revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.85 earnings per share. On average, sell-side analysts expect that Amazon.com, Inc. will post 5.39 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AMZN. Raymond James lifted their price target on Amazon.com from $230.00 to $260.00 and gave the stock a “strong-buy” rating in a report on Tuesday, January 21st. The Goldman Sachs Group lifted their target price on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Susquehanna increased their price target on shares of Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a research note on Friday, November 1st. Redburn Atlantic lifted their price target on shares of Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, Royal Bank of Canada upped their price objective on Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Two 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 company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $249.46.

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.