Encompass More Asset Management Has $2.67 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Encompass More Asset Management raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,162 shares of the e-commerce giant’s stock after buying an additional 84 shares during the period. Encompass More Asset Management’s holdings in Amazon.com were worth $2,668,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Southland Equity Partners LLC raised its holdings in shares of Amazon.com by 8.0% in the fourth quarter. Southland Equity Partners LLC now owns 23,634 shares of the e-commerce giant’s stock valued at $5,185,000 after buying an additional 1,756 shares during the last quarter. Sound Income Strategies LLC boosted its stake in shares of Amazon.com by 8.1% in the 4th quarter. Sound Income Strategies LLC now owns 54,634 shares of the e-commerce giant’s stock valued at $11,986,000 after purchasing an additional 4,098 shares during the last quarter. LexAurum Advisors LLC grew its position in shares of Amazon.com by 4.3% during the 4th quarter. LexAurum Advisors LLC now owns 24,295 shares of the e-commerce giant’s stock worth $5,330,000 after buying an additional 1,000 shares during the period. Rappaport Reiches Capital Management LLC increased its stake in Amazon.com by 3.0% in the fourth quarter. Rappaport Reiches Capital Management LLC now owns 11,333 shares of the e-commerce giant’s stock valued at $2,486,000 after purchasing an additional 325 shares in the last quarter. Finally, RFG Advisory LLC raised its stake in Amazon.com by 7.2% during the 4th quarter. RFG Advisory LLC now owns 108,983 shares of the e-commerce giant’s stock worth $23,910,000 after buying an additional 7,313 shares during the period. 72.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on AMZN shares. Mizuho upped their price target on shares of Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Evercore ISI upped their target price on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. BMO Capital Markets reaffirmed an “outperform” rating and set a $236.00 price target on shares of Amazon.com in a research report on Tuesday, December 3rd. Oppenheimer lifted their price target on shares of Amazon.com from $230.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Finally, HSBC raised their price objective on Amazon.com from $225.00 to $270.00 and gave the company a “buy” rating in a report on Monday, January 13th. Two research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $260.52.

Amazon.com Stock Down 0.2 %

Shares of NASDAQ AMZN opened at $232.76 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The stock has a market capitalization of $2.45 trillion, a P/E ratio of 42.09, a PEG ratio of 1.36 and a beta of 1.15. The stock’s fifty day moving average is $227.38 and its 200 day moving average is $201.24.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 25.49% and a net margin of 9.29%. Sell-side analysts forecast that Amazon.com, Inc. will post 6.24 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $210.00, for a total value of $735,000.00. Following the completion of the transaction, the chief executive officer now owns 524,567 shares in the company, valued at $110,159,070. This trade represents a 0.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the sale, the director now directly owns 88,203 shares in the company, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,850 shares of company stock valued at $6,168,581. 10.80% of the stock is currently owned by insiders.

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.