SVB Wealth LLC Takes Position in Amazon.com, Inc. (NASDAQ:AMZN)

SVB Wealth 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 13F filing with the SEC. The institutional investor acquired 352,133 shares of the e-commerce giant's stock, valued at approximately $77,255,000. Amazon.com makes up approximately 1.4% of SVB Wealth LLC's holdings, making the stock its 8th largest position.

Other hedge funds have also added to or reduced their stakes in the company. Roanoke Asset Management Corp NY boosted its stake in Amazon.com by 1.2% in the 4th quarter. Roanoke Asset Management Corp NY now owns 39,405 shares of the e-commerce giant's stock worth $8,645,000 after purchasing an additional 475 shares during the period. Tower Bridge Advisors lifted its holdings in shares of Amazon.com by 0.6% in the fourth quarter. Tower Bridge Advisors now owns 41,667 shares of the e-commerce giant's stock valued at $9,141,000 after purchasing an additional 250 shares in the last quarter. TD Capital Management LLC boosted its position in shares of Amazon.com by 1.6% during the fourth quarter. TD Capital Management LLC now owns 3,058 shares of the e-commerce giant's stock worth $671,000 after buying an additional 49 shares during the period. Illumine Investment Management LLC bought a new position in shares of Amazon.com during the fourth quarter worth about $241,000. Finally, Veridan Wealth LLC acquired a new stake in Amazon.com in the 4th quarter valued at approximately $842,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the firm's stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 2,118,886 shares in the company, valued at $467,532,195.90. This trade represents a 0.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Shelley Reynolds sold 8,833 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The shares were 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 102,298 shares of company stock worth $22,871,828. 10.80% of the stock is owned by corporate insiders.

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Amazon.com Stock Performance

AMZN traded up $1.91 during midday trading on Tuesday, reaching $192.17. The company had a trading volume of 41,171,347 shares, compared to its average volume of 39,975,586. The business has a 50-day moving average price of $216.15 and a two-hundred day moving average price of $209.27. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The stock has a market cap of $2.04 trillion, a PE ratio of 34.75, a P/E/G ratio of 1.50 and a beta of 1.19.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating 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, sell-side analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Needham & Company LLC restated a "buy" rating and set a $250.00 target price on shares of Amazon.com in a report on Friday, February 7th. Sanford C. Bernstein boosted their price target on shares of Amazon.com from $235.00 to $265.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 18th. Tigress Financial raised their price objective on Amazon.com from $245.00 to $290.00 and gave the company a "buy" rating in a report on Friday, December 20th. The Goldman Sachs Group upped their target price on Amazon.com from $240.00 to $255.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Finally, Scotiabank raised their price target on Amazon.com from $246.00 to $306.00 and gave the company a "sector outperform" rating in a research note on Friday, January 24th. Two equities research analysts have rated the stock with a hold rating, forty-three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $260.53.

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.