Bennett Associates Wealth Management Makes New $287,000 Investment in Amazon.com, Inc. (NASDAQ:AMZN)

Bennett Associates Wealth Management bought a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,308 shares of the e-commerce giant's stock, valued at approximately $287,000.

Several other large investors have also made changes to their positions in the business. Heritage Family Offices LLP acquired a new position in Amazon.com in the 2nd quarter valued at $206,000. Rhumbline Advisers raised its stake in Amazon.com by 0.7% in the 2nd quarter. Rhumbline Advisers now owns 17,737,203 shares of the e-commerce giant's stock valued at $3,427,714,000 after purchasing an additional 130,996 shares during the last quarter. TIAA Trust National Association raised its stake in Amazon.com by 4.2% in the 2nd quarter. TIAA Trust National Association now owns 816,632 shares of the e-commerce giant's stock valued at $157,815,000 after purchasing an additional 33,128 shares during the last quarter. Princeton Capital Management LLC raised its stake in Amazon.com by 0.7% in the 2nd quarter. Princeton Capital Management LLC now owns 118,506 shares of the e-commerce giant's stock valued at $22,901,000 after purchasing an additional 807 shares during the last quarter. Finally, Affiance Financial LLC raised its stake in Amazon.com by 0.6% in the 2nd quarter. Affiance Financial LLC now owns 10,750 shares of the e-commerce giant's stock valued at $2,077,000 after purchasing an additional 60 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Amazon.com

In other news, Director Jonathan Rubinstein sold 4,351 shares of the business's stock in a transaction on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the sale, the director now owns 88,203 shares in the company, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the business's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the completion of the sale, the insider now owns 917,416,976 shares in the company, valued at $191,602,535,437.60. This represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,032,344 shares of company stock valued at $1,253,456,822. Insiders own 10.80% of the company's stock.

Amazon.com Stock Down 1.0 %

AMZN traded down $2.43 during trading on Thursday, reaching $234.64. 31,950,988 shares of the stock traded hands, compared to its average volume of 32,440,846. The stock has a market cap of $2.47 trillion, a price-to-earnings ratio of 50.24, a price-to-earnings-growth ratio of 1.31 and a beta of 1.14. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $241.77. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The stock's 50-day simple moving average is $222.30 and its two-hundred day simple moving average is $198.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.14 by $0.29. The firm had revenue of $158.88 billion during the quarter, compared to analysts' expectations of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business's revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.85 earnings per share. As a group, equities research analysts expect that Amazon.com, Inc. will post 5.39 EPS for the current year.

Wall Street Analyst Weigh In

AMZN has been the subject of several recent research reports. UBS Group increased their price objective on Amazon.com from $230.00 to $264.00 and gave the company a "buy" rating in a research note on Monday, December 16th. Raymond James raised their target price on Amazon.com from $230.00 to $260.00 and gave the stock a "strong-buy" rating in a research note on Tuesday, January 21st. Roth Mkm raised their target price on Amazon.com from $220.00 to $250.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. HSBC raised their target price on Amazon.com from $225.00 to $270.00 and gave the stock a "buy" rating in a research note on Monday, January 13th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $270.00 target price on shares of Amazon.com in a research note on Wednesday, January 22nd. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of "Moderate Buy" and an average target price of $249.46.

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.