Lineweaver Wealth Advisors LLC Purchases 2,121 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Lineweaver Wealth Advisors LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 9.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 25,199 shares of the e-commerce giant’s stock after acquiring an additional 2,121 shares during the period. Amazon.com makes up approximately 1.0% of Lineweaver Wealth Advisors LLC’s holdings, making the stock its 26th largest holding. Lineweaver Wealth Advisors LLC’s holdings in Amazon.com were worth $5,529,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Allegiance Financial Group Advisory Services LLC grew its position in shares of Amazon.com by 24.3% during the 4th quarter. Allegiance Financial Group Advisory Services LLC now owns 4,669 shares of the e-commerce giant’s stock valued at $1,024,000 after purchasing an additional 913 shares in the last quarter. Convergence Financial LLC boosted its stake in Amazon.com by 0.5% during the fourth quarter. Convergence Financial LLC now owns 29,365 shares of the e-commerce giant’s stock valued at $6,442,000 after buying an additional 156 shares during the period. Nwam LLC grew its position in Amazon.com by 3.9% during the fourth quarter. Nwam LLC now owns 168,004 shares of the e-commerce giant’s stock worth $36,858,000 after buying an additional 6,358 shares in the last quarter. Stegent Equity Advisors Inc. increased its stake in Amazon.com by 7.1% in the 4th quarter. Stegent Equity Advisors Inc. now owns 2,476 shares of the e-commerce giant’s stock worth $543,000 after acquiring an additional 164 shares during the last quarter. Finally, Cable Hill Partners LLC raised its holdings in shares of Amazon.com by 0.5% in the 4th quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant’s stock valued at $2,104,000 after acquiring an additional 44 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Trading Down 4.3 %

NASDAQ AMZN opened at $192.72 on Friday. The firm has a market capitalization of $2.04 trillion, a PE ratio of 34.85, a P/E/G ratio of 1.50 and a beta of 1.19. The stock’s 50 day moving average is $216.86 and its 200 day moving average is $209.08. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

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

Insider Activity at Amazon.com

In other news, VP Shelley Reynolds sold 8,833 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at $26,647,456.60. This trade represents a 6.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David Zapolsky sold 5,848 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $220.72, for a total transaction of $1,290,770.56. Following the sale, the senior vice president now directly owns 69,162 shares in the company, valued at $15,265,436.64. This trade represents a 7.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,298 shares of company stock valued at $22,871,828 in the last 90 days. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on AMZN shares. Telsey Advisory Group restated an “outperform” rating and issued a $275.00 price objective on shares of Amazon.com in a research report on Friday, February 7th. Cantor Fitzgerald restated an “overweight” rating and set a $270.00 price objective on shares of Amazon.com in a research report on Friday, February 7th. Maxim Group upped their target price on shares of Amazon.com from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Royal Bank of Canada raised their price target on Amazon.com from $255.00 to $265.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Finally, Barclays upped their price objective 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 issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.