Global Wealth Management Investment Advisory Inc. Buys 2,804 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Global Wealth Management Investment Advisory Inc. grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 8.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 34,234 shares of the e-commerce giant's stock after acquiring an additional 2,804 shares during the period. Amazon.com comprises 1.5% of Global Wealth Management Investment Advisory Inc.'s holdings, making the stock its 18th largest holding. Global Wealth Management Investment Advisory Inc.'s holdings in Amazon.com were worth $7,511,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. AMF Tjanstepension AB raised its stake in Amazon.com by 44.3% during the third quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant's stock worth $492,172,000 after buying an additional 811,425 shares during the last quarter. Nvest Financial LLC grew its holdings in Amazon.com by 1.8% during the 3rd quarter. Nvest Financial LLC now owns 23,789 shares of the e-commerce giant's stock worth $4,433,000 after acquiring an additional 422 shares during the period. Pacific Sun Financial Corp raised its position in shares of Amazon.com by 0.7% in the 3rd quarter. Pacific Sun Financial Corp now owns 8,737 shares of the e-commerce giant's stock worth $1,628,000 after acquiring an additional 60 shares in the last quarter. Ferguson Shapiro LLC lifted its stake in shares of Amazon.com by 2.8% in the 3rd quarter. Ferguson Shapiro LLC now owns 6,295 shares of the e-commerce giant's stock valued at $1,173,000 after purchasing an additional 173 shares during the period. Finally, Freestate Advisors LLC bought a new stake in shares of Amazon.com during the 3rd quarter valued at about $252,000. Institutional investors and hedge funds own 72.20% of the company's stock.

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Amazon.com Stock Performance

NASDAQ AMZN traded up $2.32 during trading hours on Wednesday, reaching $198.91. 31,420,521 shares of the company were exchanged, compared to its average volume of 39,038,438. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $2.11 trillion, a P/E ratio of 36.02, a P/E/G ratio of 1.50 and a beta of 1.19. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The business's 50 day simple moving average is $223.12 and its 200-day simple moving average is $207.25.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results 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 net margin of 9.29% and a return on equity of 24.25%. On average, equities research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Activity

In related news, CEO Douglas J. Herrington sold 27,500 shares of the business's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total value of $6,332,425.00. Following the sale, the chief executive officer now directly owns 497,067 shares in the company, valued at approximately $114,459,618.09. The trade was a 5.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction dated Friday, February 21st. The stock was 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 $26,647,456.60. This represents a 6.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 102,298 shares of company stock valued at $22,871,828 in the last 90 days. Insiders own 10.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AMZN. Loop Capital lifted their target price on Amazon.com from $275.00 to $285.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. The Goldman Sachs Group lifted their price objective on shares of Amazon.com from $240.00 to $255.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Piper Sandler reiterated an "overweight" rating and set a $265.00 target price (up previously from $225.00) on shares of Amazon.com in a research report on Friday, February 7th. Telsey Advisory Group restated an "outperform" rating and issued a $275.00 price target on shares of Amazon.com in a report on Friday, February 7th. Finally, Citigroup reiterated a "buy" rating on shares of Amazon.com in a report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average 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.