Angeles Wealth Management LLC Grows Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Angeles Wealth Management LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 6.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,046 shares of the e-commerce giant's stock after buying an additional 3,164 shares during the period. Amazon.com makes up 0.9% of Angeles Wealth Management LLC's holdings, making the stock its 20th biggest holding. Angeles Wealth Management LLC's holdings in Amazon.com were worth $10,980,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of AMZN. Activest Wealth Management boosted its holdings in shares of Amazon.com by 0.5% during the 4th quarter. Activest Wealth Management now owns 68,126 shares of the e-commerce giant's stock worth $14,946,000 after buying an additional 326 shares in the last quarter. V2 Financial group LLC boosted its stake in Amazon.com by 1.5% during the fourth quarter. V2 Financial group LLC now owns 13,190 shares of the e-commerce giant's stock worth $2,894,000 after acquiring an additional 200 shares in the last quarter. Wealthstar Advisors LLC acquired a new stake in Amazon.com in the fourth quarter worth $3,510,000. Martin Capital Advisors LLP grew its holdings in Amazon.com by 208.7% in the fourth quarter. Martin Capital Advisors LLP now owns 10,044 shares of the e-commerce giant's stock worth $2,204,000 after purchasing an additional 6,790 shares during the period. Finally, Tevis Investment Management increased its stake in Amazon.com by 2.5% in the fourth quarter. Tevis Investment Management now owns 4,281 shares of the e-commerce giant's stock valued at $939,000 after purchasing an additional 103 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

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Amazon.com Price Performance

Shares of AMZN traded up $2.05 during mid-day trading on Tuesday, reaching $196.59. 52,319,970 shares of the stock traded hands, compared to its average volume of 39,196,863. 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 1 year low of $151.61 and a 1 year high of $242.52. The company has a market cap of $2.08 trillion, a price-to-earnings ratio of 35.55, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19. The firm has a fifty day moving average price of $223.57 and a 200 day moving average price of $207.12.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping analysts' consensus estimates 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, equities research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In related news, CFO Brian T. Olsavsky sold 14,620 shares of the business's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $223.14, for a total value of $3,262,306.80. Following the completion of the sale, the chief financial officer now owns 49,000 shares in the company, valued at $10,933,860. The trade was a 22.98 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 497,067 shares in the company, valued at $114,459,618.09. The trade was a 5.24 % 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 worth $22,871,828 over the last three months. 10.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. DA Davidson increased their price objective on shares of Amazon.com from $235.00 to $280.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Maxim Group raised their price objective on Amazon.com from $260.00 to $280.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $270.00 target price on shares of Amazon.com in a research report on Friday, February 7th. Morgan Stanley increased their target price on Amazon.com from $230.00 to $280.00 and gave the stock an "overweight" rating in a report on Monday, January 13th. Finally, Stifel Nicolaus upped their price objective on shares of Amazon.com from $245.00 to $275.00 and gave the stock a "buy" 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. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $260.65.

About Amazon.com

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.