Capital Advisors Wealth Management LLC Increases Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Capital Advisors Wealth Management LLC grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 9.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 50,187 shares of the e-commerce giant's stock after acquiring an additional 4,318 shares during the quarter. Amazon.com accounts for approximately 2.0% of Capital Advisors Wealth Management LLC's investment portfolio, making the stock its 15th largest position. Capital Advisors Wealth Management LLC's holdings in Amazon.com were worth $11,010,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of AMZN. Icon Wealth Advisors LLC increased its stake in shares of Amazon.com by 20.5% in the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant's stock valued at $28,000 after buying an additional 25,581 shares during the period. Hoese & Co LLP acquired a new position in shares of Amazon.com in the third quarter valued at approximately $37,000. Bull Oak Capital LLC acquired a new position in shares of Amazon.com in the third quarter valued at approximately $45,000. Values First Advisors Inc. acquired a new position in shares of Amazon.com in the third quarter valued at approximately $56,000. Finally, IFS Advisors LLC increased its stake in shares of Amazon.com by 1,625.0% in the fourth quarter. IFS Advisors LLC now owns 345 shares of the e-commerce giant's stock valued at $76,000 after buying an additional 325 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several recent research reports. Morgan Stanley upped their price objective on Amazon.com from $230.00 to $280.00 and gave the company an "overweight" rating in a research note on Monday, January 13th. Pivotal Research began coverage on Amazon.com in a report on Friday, October 11th. They issued a "buy" rating and a $260.00 target price on the stock. Monness Crespi & Hardt upped their target price on Amazon.com from $225.00 to $245.00 and gave the company a "buy" rating in a report on Friday, November 1st. Cantor Fitzgerald reiterated an "overweight" rating and issued a $270.00 target price on shares of Amazon.com in a report on Wednesday, January 22nd. Finally, TD Cowen upped their target price on Amazon.com from $240.00 to $265.00 and gave the company a "buy" rating in a report on Thursday, December 12th. 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 company's stock. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of "Moderate Buy" and a consensus target price of $249.46.

Amazon.com Price Performance

NASDAQ AMZN traded down $2.43 during trading hours on Thursday, hitting $234.64. The company had a trading volume of 31,950,988 shares, compared to its average volume of 32,440,846. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $241.77. The firm has a 50 day simple moving average of $222.30 and a 200 day simple moving average of $198.30. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The firm has a market capitalization of $2.47 trillion, a price-to-earnings ratio of 50.24, a PEG ratio of 1.31 and a beta of 1.14.

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

Insiders Place Their Bets

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the sale, the director now owns 24,912 shares in the company, valued at approximately $4,958,982.72. This trade represents a 4.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jonathan Rubinstein sold 5,004 shares of Amazon.com stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $199.85, for a total value of $1,000,049.40. Following the sale, the director now owns 99,396 shares of the company's stock, valued at approximately $19,864,290.60. This trade represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,032,344 shares of company stock worth $1,253,456,822 in the last quarter. 10.80% of the stock is owned by company insiders.

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.