Amazon.com, Inc. (NASDAQ:AMZN) Stake Boosted by Campbell Wealth Management

Campbell Wealth Management lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 153.8% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 8,389 shares of the e-commerce giant's stock after buying an additional 5,083 shares during the period. Amazon.com accounts for approximately 0.2% of Campbell Wealth Management's portfolio, making the stock its 23rd largest holding. Campbell Wealth Management's holdings in Amazon.com were worth $1,840,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Rench Wealth Management Inc. raised its stake in Amazon.com by 7.9% during the third quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant's stock worth $9,392,000 after purchasing an additional 3,703 shares during the period. Foundations Investment Advisors LLC raised its position in shares of Amazon.com by 9.7% in the 3rd quarter. Foundations Investment Advisors LLC now owns 184,594 shares of the e-commerce giant's stock worth $34,395,000 after buying an additional 16,392 shares during the period. Blankinship & Foster LLC grew its position in Amazon.com by 216.4% during the third quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant's stock valued at $1,291,000 after acquiring an additional 4,740 shares during the period. Umpqua Bank increased its stake in Amazon.com by 0.4% during the third quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant's stock worth $6,544,000 after acquiring an additional 137 shares during the last quarter. Finally, One Wealth Capital Management LLC purchased a new position in shares of Amazon.com in the 4th quarter worth about $4,270,000. Institutional investors and hedge funds own 72.20% of the company's stock.

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Wall Street Analyst Weigh In

AMZN has been the subject of a number of research reports. The Goldman Sachs Group boosted their target price on Amazon.com from $240.00 to $255.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Piper Sandler reissued an "overweight" rating and issued a $265.00 price objective (up previously from $225.00) on shares of Amazon.com in a research report on Friday, February 7th. Needham & Company LLC restated a "buy" rating and set a $250.00 target price on shares of Amazon.com in a report on Friday, February 7th. Barclays increased their price target on Amazon.com from $235.00 to $265.00 and gave the company an "overweight" rating in a report on Friday, February 7th. Finally, Wedbush restated an "outperform" rating and set a $280.00 price objective on shares of Amazon.com in a research note on Friday, February 7th. Two research 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. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $260.65.

Insiders Place Their Bets

In other Amazon.com news, SVP David Zapolsky sold 19,212 shares of the business's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $217.50, for a total value of $4,178,610.00. Following the sale, the senior vice president now directly owns 49,950 shares in the company, valued at approximately $10,864,125. The trade was a 27.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 8,833 shares of the firm's stock in a transaction dated 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 transaction, the vice president now 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 position. The disclosure for this sale can be found here. In the last three months, insiders have sold 102,298 shares of company stock worth $22,871,828. 10.80% of the stock is owned by corporate insiders.

Amazon.com Stock Performance

Amazon.com stock traded down $2.21 during mid-day trading on Monday, hitting $195.74. 47,047,364 shares of the company's stock traded hands, compared to its average volume of 38,212,310. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The firm has a 50 day moving average price of $221.65 and a 200 day moving average price of $207.76. The company has a market cap of $2.07 trillion, a PE ratio of 35.40, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating analysts' consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. On average, equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.