Ritholtz Wealth Management Buys 12,847 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Ritholtz Wealth Management boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 6.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 198,414 shares of the e-commerce giant's stock after purchasing an additional 12,847 shares during the period. Amazon.com makes up 1.3% of Ritholtz Wealth Management's portfolio, making the stock its 15th biggest position. Ritholtz Wealth Management's holdings in Amazon.com were worth $43,530,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Icon Wealth Advisors LLC grew its holdings in Amazon.com by 20.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant's stock worth $28,000 after acquiring an additional 25,581 shares in the last quarter. Hoese & Co LLP acquired a new position in Amazon.com during the 3rd quarter worth $37,000. Bull Oak Capital LLC acquired a new position in Amazon.com during the 3rd quarter worth $45,000. Values First Advisors Inc. acquired a new position in Amazon.com during the 3rd quarter worth $56,000. Finally, IFS Advisors LLC grew its holdings in Amazon.com by 1,625.0% during the 4th quarter. IFS Advisors LLC now owns 345 shares of the e-commerce giant's stock worth $76,000 after acquiring an additional 325 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Down 1.0 %

NASDAQ AMZN traded down $2.43 during trading on Thursday, reaching $234.64. The company's stock had a trading volume of 31,950,988 shares, compared to its average volume of 32,440,846. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $2.47 trillion, a PE ratio of 50.24, a PEG ratio of 1.31 and a beta of 1.14. The business has a 50-day moving average price of $222.30 and a 200-day moving average price of $198.30. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $241.77.

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

Insider Buying and Selling at Amazon.com

In other news, Director Jonathan Rubinstein sold 4,351 shares of the business's stock in a transaction on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the sale, the director now directly owns 88,203 shares in the company, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of the business's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $210.00, for a total transaction of $735,000.00. Following the completion of the sale, the chief executive officer now owns 524,567 shares of the company's stock, valued at $110,159,070. The trade was a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,032,344 shares of company stock worth $1,253,456,822 over the last ninety days. 10.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on AMZN. Tigress Financial raised their price target on shares of Amazon.com from $245.00 to $290.00 and gave the stock a "buy" rating in a research report on Friday, December 20th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Amazon.com from $225.00 to $232.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. The Goldman Sachs Group raised their price target on shares of Amazon.com from $230.00 to $240.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Morgan Stanley raised their price target on shares of Amazon.com from $230.00 to $280.00 and gave the stock an "overweight" rating in a research report on Monday, January 13th. Finally, Needham & Company LLC restated a "buy" rating and issued a $250.00 price target on shares of Amazon.com in a research report on Tuesday, January 21st. Two research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Amazon.com currently has an average rating of "Moderate Buy" and an average price target of $249.46.

Amazon.com Company 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.