Pasadena Private Wealth LLC Has $1.95 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Pasadena Private Wealth LLC grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 8.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,881 shares of the e-commerce giant’s stock after purchasing an additional 694 shares during the quarter. Pasadena Private Wealth LLC’s holdings in Amazon.com were worth $1,948,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Quattro Financial Advisors LLC lifted its holdings in 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 acquiring an additional 45 shares during the period. MBM Wealth Consultants LLC raised its stake in shares of Amazon.com by 0.6% during the 4th quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant’s stock worth $1,889,000 after purchasing an additional 48 shares during the period. Semus Wealth Partners LLC boosted its holdings in shares of Amazon.com by 0.3% in the 3rd 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 during the last quarter. GGM Financials LLC grew its position in Amazon.com by 2.1% during the fourth quarter. GGM Financials LLC now owns 2,463 shares of the e-commerce giant’s stock valued at $540,000 after buying an additional 50 shares during the period. Finally, Bell Investment Advisors Inc increased its holdings in Amazon.com by 1.5% during the third quarter. Bell Investment Advisors Inc now owns 3,359 shares of the e-commerce giant’s stock worth $626,000 after buying an additional 51 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 8,833 shares of the company’s stock in a transaction 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 sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $26,647,456.60. This represents a 6.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP David Zapolsky sold 19,212 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the completion of the sale, the senior vice president now directly owns 49,950 shares in the company, valued at $10,864,125. This trade represents a 27.78 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 102,298 shares of company stock worth $22,871,828. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Up 1.4 %

AMZN stock opened at $195.54 on Thursday. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company’s 50 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 quick ratio of 0.87 and a current ratio of 1.06. The firm has a market capitalization of $2.07 trillion, a price-to-earnings ratio of 35.36, a PEG ratio of 1.50 and a beta of 1.19.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS 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, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Ratings Changes

AMZN has been the subject of several research reports. Wolfe Research increased their price objective on Amazon.com from $250.00 to $270.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Scotiabank increased their price target on Amazon.com from $246.00 to $306.00 and gave the stock a “sector outperform” rating in a research note on Friday, January 24th. Tigress Financial boosted their price objective on Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Roth Mkm increased their target price on shares of Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Amazon.com from $250.00 to $280.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Two research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $260.65.

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.