FFT Wealth Management LLC Purchases 1,461 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

FFT Wealth Management LLC grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 4.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 35,112 shares of the e-commerce giant’s stock after purchasing an additional 1,461 shares during the quarter. Amazon.com makes up about 0.6% of FFT Wealth Management LLC’s portfolio, making the stock its 25th largest position. FFT Wealth Management LLC’s holdings in Amazon.com were worth $7,703,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Delta Financial Advisors LLC boosted its position in Amazon.com by 2.3% during the fourth quarter. Delta Financial Advisors LLC now owns 27,618 shares of the e-commerce giant’s stock valued at $6,059,000 after acquiring an additional 633 shares during the last quarter. Longbow Finance SA lifted its stake in shares of Amazon.com by 18.5% in the 4th quarter. Longbow Finance SA now owns 131,300 shares of the e-commerce giant’s stock valued at $28,806,000 after purchasing an additional 20,456 shares during the period. Illinois Municipal Retirement Fund lifted its stake in shares of Amazon.com by 2.7% in the 4th quarter. Illinois Municipal Retirement Fund now owns 652,390 shares of the e-commerce giant’s stock valued at $143,128,000 after purchasing an additional 16,850 shares during the period. FourThought Financial Partners LLC boosted its position in shares of Amazon.com by 1.4% during the 4th quarter. FourThought Financial Partners LLC now owns 79,400 shares of the e-commerce giant’s stock valued at $17,420,000 after purchasing an additional 1,124 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC grew its stake in Amazon.com by 6.5% during the fourth quarter. Twin Peaks Wealth Advisors LLC now owns 30,754 shares of the e-commerce giant’s stock worth $6,747,000 after purchasing an additional 1,880 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the sale, the chief executive officer now owns 497,067 shares of the company’s stock, valued at $114,459,618.09. This represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $26,647,456.60. This trade 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. Company insiders own 10.80% of the company’s stock.

Amazon.com Trading Up 0.1 %

Shares of Amazon.com stock opened at $201.36 on Friday. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The firm has a market capitalization of $2.13 trillion, a PE ratio of 36.41, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19. 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’s fifty day moving average price is $217.53 and its two-hundred day moving average price is $208.75.

Amazon.com (NASDAQ:AMZN) last issued 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 net margin of 9.29% and a return on equity of 24.25%. On average, analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analysts Set New Price Targets

AMZN has been the subject of several research analyst reports. HSBC lifted their price objective on shares of Amazon.com from $225.00 to $270.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Scotiabank upped their price objective on shares of Amazon.com from $246.00 to $306.00 and gave the company a “sector outperform” rating in a report on Friday, January 24th. Raymond James increased their price objective on shares of Amazon.com from $260.00 to $275.00 in a research report on Monday, February 10th. Tigress Financial boosted their target price on Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Finally, Barclays increased their price target on Amazon.com from $235.00 to $265.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently 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.