Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Evolution Advisers Inc.

Evolution Advisers Inc. boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 35.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,060 shares of the e-commerce giant’s stock after purchasing an additional 279 shares during the quarter. Evolution Advisers Inc.’s holdings in Amazon.com were worth $232,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Quattro Financial Advisors LLC grew its holdings in shares of Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after buying an additional 45 shares in the last quarter. MBM Wealth Consultants LLC grew its holdings in shares of Amazon.com by 0.6% during the fourth quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant’s stock worth $1,889,000 after buying an additional 48 shares in the last quarter. Semus Wealth Partners LLC grew its holdings in shares of Amazon.com by 0.3% during the third quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant’s stock worth $3,339,000 after buying an additional 49 shares in the last quarter. GGM Financials LLC grew its holdings in shares of Amazon.com by 2.1% during the fourth quarter. GGM Financials LLC now owns 2,463 shares of the e-commerce giant’s stock worth $540,000 after buying an additional 50 shares in the last quarter. Finally, Bell Investment Advisors Inc grew its stake in Amazon.com by 1.5% in the third quarter. Bell Investment Advisors Inc now owns 3,359 shares of the e-commerce giant’s stock valued at $626,000 after purchasing an additional 51 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other news, VP Shelley Reynolds sold 8,833 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $222.47, for a total value of $1,965,077.51. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $26,647,456.60. This represents a 6.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP David Zapolsky sold 19,212 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the senior vice president now owns 49,950 shares in the company, valued at approximately $10,864,125. This represents a 27.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 102,298 shares of company stock valued at $22,871,828 over the last 90 days. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Trading Up 1.1 %

Shares of Amazon.com stock opened at $196.59 on Wednesday. The firm has a 50-day simple moving average of $223.12 and a two-hundred day simple moving average of $207.25. The company has a market cap of $2.08 trillion, a P/E ratio of 35.55, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. As a group, equities analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Rosenblatt Securities raised their price target on Amazon.com from $236.00 to $287.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Piper Sandler restated an “overweight” rating and issued a $265.00 price target (up from $225.00) on shares of Amazon.com in a research note on Friday, February 7th. DA Davidson raised their price target on Amazon.com from $235.00 to $280.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Loop Capital raised their price target on Amazon.com from $275.00 to $285.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Finally, Citigroup restated a “buy” rating on shares of Amazon.com in a research note on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $260.65.

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.