Ridgeline Wealth Planning LLC Buys Shares of 1,887 Amazon.com, Inc. (NASDAQ:AMZN)

Ridgeline Wealth Planning LLC acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,887 shares of the e-commerce giant's stock, valued at approximately $414,000. Amazon.com accounts for about 0.4% of Ridgeline Wealth Planning LLC's portfolio, making the stock its 24th largest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Accordant Advisory Group Inc boosted its holdings in Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after acquiring an additional 100 shares during the last quarter. Icon Wealth Advisors LLC lifted its position in shares of Amazon.com by 20.5% during the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant's stock valued at $28,000 after purchasing an additional 25,581 shares in the last quarter. Bull Oak Capital LLC purchased a new position in Amazon.com during the third quarter worth about $45,000. Quattro Financial Advisors LLC grew its position in Amazon.com by 23.8% in the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock worth $51,000 after purchasing an additional 45 shares in the last quarter. Finally, Values First Advisors Inc. purchased a new stake in Amazon.com in the 3rd quarter valued at about $56,000. Institutional investors own 72.20% of the company's stock.

Insider Buying and Selling

In related news, CEO Andrew R. Jassy sold 20,784 shares of the company's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the sale, the chief executive officer now directly owns 2,118,886 shares of the company's stock, valued at $467,532,195.90. This represents a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP David Zapolsky sold 19,212 shares of the firm's stock in a transaction on 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 transaction, the senior vice president now directly owns 49,950 shares of the company's stock, valued at $10,864,125. This represents a 27.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 102,298 shares of company stock valued at $22,871,828 over the last three months. Corporate insiders own 10.80% of the company's stock.

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Analysts Set New Price Targets

A number of brokerages have recently weighed in on AMZN. Morgan Stanley boosted their target price on Amazon.com from $230.00 to $280.00 and gave the stock an "overweight" rating in a research note on Monday, January 13th. Raymond James raised their target price on Amazon.com from $260.00 to $275.00 in a research report on Monday, February 10th. Benchmark boosted their price target on shares of Amazon.com from $215.00 to $265.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. TD Cowen increased their price target on shares of Amazon.com from $240.00 to $265.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. Finally, Stifel Nicolaus lifted their price objective on shares of Amazon.com from $245.00 to $275.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Two investment 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. According to data from MarketBeat, Amazon.com currently has a consensus rating of "Moderate Buy" and a consensus target price of $260.65.

Amazon.com Trading Down 2.6 %

Shares of AMZN traded down $5.17 during trading hours on Thursday, hitting $193.72. The company had a trading volume of 34,028,390 shares, compared to its average volume of 39,159,719. The firm has a market cap of $2.05 trillion, a P/E ratio of 35.03, a P/E/G ratio of 1.50 and a beta of 1.19. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The stock's 50 day moving average price is $222.71 and its 200 day moving average price is $207.20. 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 (NASDAQ:AMZN - Get Free Report) last posted its 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 return on equity of 24.25% and a net margin of 9.29%. On average, research analysts predict 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.