CogentBlue Wealth Advisors LLC Buys New Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

CogentBlue Wealth Advisors LLC bought a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 4,167 shares of the e-commerce giant’s stock, valued at approximately $914,000. Amazon.com accounts for approximately 0.8% of CogentBlue Wealth Advisors LLC’s investment portfolio, making the stock its 26th biggest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Parthenon LLC grew its holdings in Amazon.com by 5.1% during the 4th quarter. Parthenon LLC now owns 2,070 shares of the e-commerce giant’s stock valued at $454,000 after buying an additional 100 shares in the last quarter. Fagan Associates Inc. grew its holdings in Amazon.com by 1.8% during the 4th quarter. Fagan Associates Inc. now owns 96,966 shares of the e-commerce giant’s stock valued at $21,273,000 after buying an additional 1,747 shares in the last quarter. Private Advisor Group LLC grew its holdings in Amazon.com by 1.7% during the 4th quarter. Private Advisor Group LLC now owns 994,705 shares of the e-commerce giant’s stock valued at $218,229,000 after buying an additional 16,752 shares in the last quarter. Good Life Advisors LLC grew its holdings in Amazon.com by 0.6% during the 4th quarter. Good Life Advisors LLC now owns 85,059 shares of the e-commerce giant’s stock valued at $18,661,000 after buying an additional 480 shares in the last quarter. Finally, Financial Perspectives Inc grew its holdings in Amazon.com by 1.2% during the 4th quarter. Financial Perspectives Inc now owns 20,845 shares of the e-commerce giant’s stock valued at $4,573,000 after buying an additional 241 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Up 1.4 %

Shares of AMZN stock opened at $195.54 on Thursday. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The stock’s fifty day moving average price is $219.90 and its 200 day moving average price is $207.94. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The company has a market cap of $2.07 trillion, a price-to-earnings ratio of 35.36, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. On average, research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AMZN has been the subject of several research analyst reports. Raymond James raised their price target on Amazon.com from $260.00 to $275.00 in a report on Monday, February 10th. Loop Capital lifted their target price on Amazon.com from $275.00 to $285.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. JMP Securities reiterated a “market outperform” rating and issued a $285.00 target price on shares of Amazon.com in a report on Friday, February 7th. Royal Bank of Canada lifted their target price on Amazon.com from $255.00 to $265.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Finally, Canaccord Genuity Group restated a “buy” rating on shares of Amazon.com in a report on Thursday, February 13th. Two investment 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. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $260.65.

Insider Buying and Selling

In other Amazon.com news, SVP David Zapolsky sold 19,212 shares of the 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 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the transaction, the vice president now owns 119,780 shares in the company, valued at $26,647,456.60. This represents a 6.87 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 102,298 shares of company stock valued at $22,871,828. 10.80% of the stock is owned by company insiders.

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.