Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Wealthspire Advisors LLC

Wealthspire Advisors LLC boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 186,835 shares of the e-commerce giant's stock after buying an additional 9,594 shares during the quarter. Wealthspire Advisors LLC's holdings in Amazon.com were worth $40,990,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Tradewinds Capital Management LLC boosted its stake in shares of Amazon.com by 126.1% in the fourth quarter. Tradewinds Capital Management LLC now owns 20,491 shares of the e-commerce giant's stock worth $4,496,000 after acquiring an additional 11,427 shares during the period. Rainey & Randall Wealth Advisors Inc. raised its stake in Amazon.com by 3.5% during the 4th quarter. Rainey & Randall Wealth Advisors Inc. now owns 2,163 shares of the e-commerce giant's stock valued at $475,000 after purchasing an additional 74 shares during the period. Kooman & Associates lifted its holdings in Amazon.com by 2.2% in the 4th quarter. Kooman & Associates now owns 3,832 shares of the e-commerce giant's stock worth $841,000 after purchasing an additional 81 shares in the last quarter. Abound Financial LLC purchased a new stake in Amazon.com during the 4th quarter valued at approximately $549,000. Finally, Marshall Investment Management LLC purchased a new stake in Amazon.com during the 4th quarter valued at approximately $5,392,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on AMZN shares. Sanford C. Bernstein upped their target price 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. TD Cowen raised their price objective on Amazon.com from $240.00 to $265.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. BMO Capital Markets reiterated an "outperform" rating and issued a $236.00 target price on shares of Amazon.com in a research report on Tuesday, December 3rd. Needham & Company LLC reissued a "buy" rating and set a $250.00 price target on shares of Amazon.com in a research note on Friday, February 7th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $275.00 price objective on shares of Amazon.com in a report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Amazon.com has an average rating of "Moderate Buy" and an average price target of $260.65.

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Insider Activity

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $220.65, for a total value of $4,585,989.60. Following the completion of the sale, the chief executive officer now directly owns 2,118,886 shares of the company's stock, valued at approximately $467,532,195.90. The trade was a 0.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 27,500 shares of the 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 transaction, the chief executive officer now owns 497,067 shares in the company, valued at $114,459,618.09. This trade represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,298 shares of company stock worth $22,871,828 over the last 90 days. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Price Performance

AMZN traded up $0.23 on Thursday, hitting $201.36. 27,270,110 shares of the company were exchanged, compared to its average volume of 38,432,190. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The firm has a market capitalization of $2.13 trillion, a P/E ratio of 36.41, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19. The business's fifty day moving average is $217.53 and its 200 day moving average is $208.75.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results 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 anticipate 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.