Momentous Wealth Management Inc. Makes New Investment in Amazon.com, Inc. (NASDAQ:AMZN)

Momentous Wealth Management Inc. purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,412 shares of the e-commerce giant's stock, valued at approximately $749,000. Amazon.com makes up approximately 0.6% of Momentous Wealth Management Inc.'s holdings, making the stock its 14th biggest holding.

Several other institutional investors have also recently made changes to their positions in the company. Cable Hill Partners LLC grew its position in shares of Amazon.com by 0.5% in the fourth quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant's stock valued at $2,104,000 after purchasing an additional 44 shares during the last quarter. Quattro Financial Advisors LLC grew its holdings in Amazon.com by 23.8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after buying an additional 45 shares during the last quarter. Northern Capital Management Inc. increased its position in Amazon.com by 0.6% during the fourth quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock worth $1,613,000 after buying an additional 45 shares in the last quarter. White Wing Wealth Management lifted its position in shares of Amazon.com by 2.4% in the fourth quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant's stock valued at $433,000 after acquiring an additional 47 shares in the last quarter. Finally, MBM Wealth Consultants LLC lifted its position in shares of Amazon.com by 0.6% in the fourth quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant's stock valued at $1,889,000 after acquiring an additional 48 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on AMZN. JPMorgan Chase & Co. lowered their target price on shares of Amazon.com from $270.00 to $220.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Phillip Securities downgraded Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a research report on Monday, February 10th. Mizuho decreased their price target on Amazon.com from $285.00 to $255.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Truist Financial dropped their price objective on shares of Amazon.com from $265.00 to $230.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Finally, Barclays boosted their target price on shares of Amazon.com from $235.00 to $265.00 and gave the company an "overweight" rating in a report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $247.56.

Amazon.com Trading Up 1.3 %

Shares of Amazon.com stock traded up $2.45 on Friday, hitting $188.99. The stock had a trading volume of 36,349,105 shares, compared to its average volume of 41,913,658. 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 stock's 50-day simple moving average is $193.52 and its two-hundred day simple moving average is $207.75. The stock has a market cap of $2.00 trillion, a price-to-earnings ratio of 34.18, a PEG ratio of 1.50 and a beta of 1.39.

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, 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, sell-side analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insiders Place Their Bets

In related news, VP Shelley Reynolds sold 8,833 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the vice president now owns 119,780 shares of the company's stock, valued at $26,647,456.60. This trade represents a 6.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the sale, the chief executive officer now directly owns 509,474 shares in the company, valued at approximately $95,776,017.26. This represents a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 104,798 shares of company stock worth $23,341,803. 10.80% of the stock is owned by corporate 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.