Beacon Harbor Wealth Advisors Inc. Acquires 30,906 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Beacon Harbor Wealth Advisors Inc. grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1,245.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,388 shares of the e-commerce giant's stock after purchasing an additional 30,906 shares during the period. Amazon.com makes up 1.7% of Beacon Harbor Wealth Advisors Inc.'s investment portfolio, making the stock its 21st largest holding. Beacon Harbor Wealth Advisors Inc.'s holdings in Amazon.com were worth $7,325,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of AMZN. Proficio Capital Partners LLC grew its holdings in Amazon.com by 17,054.5% in the fourth quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant's stock worth $2,652,116,000 after purchasing an additional 12,018,120 shares during the period. Parnassus Investments LLC boosted its position in shares of Amazon.com by 82,457.3% in the 3rd quarter. Parnassus Investments LLC now owns 11,405,294 shares of the e-commerce giant's stock worth $2,125,148,000 after purchasing an additional 11,391,479 shares in the last quarter. State Street Corp boosted its position in shares of Amazon.com by 3.3% in the 3rd quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant's stock worth $66,926,008,000 after purchasing an additional 11,370,309 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Amazon.com by 3.4% in the 3rd quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant's stock worth $37,116,341,000 after buying an additional 6,545,944 shares during the last quarter. Finally, Strategic Financial Concepts LLC increased its position in Amazon.com by 23,742.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 5,102,618 shares of the e-commerce giant's stock valued at $1,119,463,000 after buying an additional 5,081,217 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Price Performance

Shares of AMZN stock traded down $9.88 on Thursday, hitting $181.22. 68,052,878 shares of the stock traded hands, compared to its average volume of 41,549,875. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The firm has a 50 day simple moving average of $205.37 and a two-hundred day simple moving average of $208.47. The firm has a market cap of $1.92 trillion, a price-to-earnings ratio of 32.77, a PEG ratio of 1.50 and a beta of 1.39.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating 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 fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on AMZN shares. Stifel Nicolaus boosted their target price on Amazon.com from $245.00 to $275.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Wolfe Research upped their price target on shares of Amazon.com from $250.00 to $270.00 and gave the stock an "outperform" rating in a research note on Friday, January 3rd. JMP Securities set a $285.00 price objective on shares of Amazon.com in a research note on Thursday, March 27th. JPMorgan Chase & Co. dropped their target price on shares of Amazon.com from $270.00 to $220.00 and set an "overweight" rating on the stock in a research note on Tuesday. Finally, Phillip Securities cut shares of Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a report on Monday, February 10th. Two research analysts have rated the stock with a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $258.19.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 497,067 shares of the company's stock, valued at $114,459,618.09. This represents a 5.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brian T. Olsavsky sold 14,620 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $223.14, for a total value of $3,262,306.80. Following the transaction, the chief financial officer now owns 49,000 shares of the company's stock, valued at approximately $10,933,860. The trade was a 22.98 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 104,798 shares of company stock valued at $23,341,803. 10.80% of the stock is owned by company 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.