Amazon.com, Inc. (NASDAQ:AMZN) Stake Lifted by Paladin Wealth LLC

Paladin Wealth LLC grew its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 15.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,381 shares of the e-commerce giant's stock after buying an additional 2,038 shares during the period. Amazon.com accounts for about 2.9% of Paladin Wealth LLC's portfolio, making the stock its 3rd largest position. Paladin Wealth LLC's holdings in Amazon.com were worth $3,374,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of AMZN. Quattro Financial Advisors LLC increased its stake in shares of Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock worth $51,000 after purchasing an additional 45 shares in the last quarter. MBM Wealth Consultants LLC lifted its stake in Amazon.com by 0.6% in the 4th quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant's stock valued at $1,889,000 after buying an additional 48 shares in the last quarter. Semus Wealth Partners LLC boosted its holdings in Amazon.com by 0.3% in the 3rd quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant's stock worth $3,339,000 after buying an additional 49 shares during the last quarter. GGM Financials LLC increased its stake in Amazon.com by 2.1% during the 4th quarter. GGM Financials LLC now owns 2,463 shares of the e-commerce giant's stock worth $540,000 after buying an additional 50 shares in the last quarter. Finally, Bell Investment Advisors Inc raised its holdings in shares of Amazon.com by 1.5% during the third quarter. Bell Investment Advisors Inc now owns 3,359 shares of the e-commerce giant's stock valued at $626,000 after acquiring an additional 51 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Remove Ads

Analyst Ratings Changes

AMZN has been the topic of a number of research analyst reports. Citigroup reaffirmed a "buy" rating on shares of Amazon.com in a research note on Thursday, February 13th. Barclays lifted their target price on shares of Amazon.com from $235.00 to $265.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. Jefferies Financial Group upped their target price on shares of Amazon.com from $235.00 to $275.00 and gave the stock a "buy" rating in a report on Monday, December 16th. Roth Mkm raised their price target on shares of Amazon.com from $220.00 to $250.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. Finally, Robert W. Baird upped their price objective on shares of Amazon.com from $220.00 to $260.00 and gave the company an "outperform" rating in a research note on Friday, December 13th. Two equities research 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 company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $260.65.

Insiders Place Their Bets

In related 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 value of $6,332,425.00. Following the transaction, the chief executive officer now directly owns 497,067 shares of the company's stock, valued at $114,459,618.09. This trade represents a 5.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 8,833 shares of the business's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the completion of the sale, the vice president now directly 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 102,298 shares of company stock valued at $22,871,828. 10.80% of the stock is owned by corporate insiders.

Amazon.com Stock Up 1.2 %

Shares of AMZN stock traded up $2.32 on Wednesday, reaching $198.91. 31,420,521 shares of the stock were exchanged, compared to its average volume of 39,038,438. The company has a market capitalization of $2.11 trillion, a price-to-earnings ratio of 36.02, a PEG ratio of 1.50 and a beta of 1.19. The business's 50 day moving average price is $223.12 and its 200 day moving average price is $207.25. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data 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 return on equity of 24.25% and a net margin of 9.29%. As a group, sell-side analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.