Able Wealth Management LLC Raises Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Able Wealth Management LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 9.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,969 shares of the e-commerce giant’s stock after purchasing an additional 162 shares during the quarter. Able Wealth Management LLC’s holdings in Amazon.com were worth $432,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Accordant Advisory Group Inc lifted its stake in shares of Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after purchasing an additional 100 shares during the period. Icon Wealth Advisors LLC increased its holdings in Amazon.com by 20.5% in the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after buying an additional 25,581 shares in the last quarter. Bull Oak Capital LLC acquired a new position in shares of Amazon.com in the third quarter worth about $45,000. Quattro Financial Advisors LLC boosted its stake in shares of Amazon.com by 23.8% during the 4th 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 in the last quarter. Finally, Values First Advisors Inc. acquired a new stake in shares of Amazon.com during the 3rd quarter valued at about $56,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Down 0.3 %

Shares of AMZN opened at $194.95 on Friday. The company’s 50-day moving average price is $219.36 and its 200 day moving average price is $207.85. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The firm has a market cap of $2.07 trillion, a P/E ratio of 35.25, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating 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%. On average, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the transaction, the chief executive officer now directly owns 497,067 shares in the company, valued at approximately $114,459,618.09. This trade represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP David Zapolsky sold 19,212 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $217.50, for a total value of $4,178,610.00. Following the sale, the senior vice president now owns 49,950 shares in the company, valued at approximately $10,864,125. This trade represents a 27.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 102,298 shares of company stock worth $22,871,828 over the last ninety days. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AMZN. Wells Fargo & Company reduced their price target on Amazon.com from $207.00 to $203.00 and set an “equal weight” rating for the company in a report on Tuesday, February 25th. Benchmark upped their target price on Amazon.com from $215.00 to $265.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Scotiabank increased their target price on Amazon.com from $246.00 to $306.00 and gave the company a “sector outperform” rating in a research report on Friday, January 24th. Needham & Company LLC reissued a “buy” rating and issued a $250.00 price target on shares of Amazon.com in a report on Friday, February 7th. Finally, BMO Capital Markets restated an “outperform” rating and set a $236.00 price objective on shares of Amazon.com in a research report on Tuesday, December 3rd. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and a consensus 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.