1,679 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Purchased by Brickley Wealth Management

Brickley Wealth Management bought a new stake in Amazon.com, Inc. (NASDAQ:AMZN) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,679 shares of the e-commerce giant’s stock, valued at approximately $255,000.

Other hedge funds also recently added to or reduced their stakes in the company. Lake Hills Wealth Management LLC lifted its holdings in shares of Amazon.com by 0.8% during the 4th quarter. Lake Hills Wealth Management LLC now owns 7,985 shares of the e-commerce giant’s stock valued at $1,213,000 after acquiring an additional 65 shares in the last quarter. Veery Capital LLC lifted its holdings in shares of Amazon.com by 1.1% during the 4th quarter. Veery Capital LLC now owns 5,890 shares of the e-commerce giant’s stock valued at $895,000 after acquiring an additional 66 shares in the last quarter. Bellwether Advisors LLC lifted its holdings in shares of Amazon.com by 2.3% during the 4th quarter. Bellwether Advisors LLC now owns 2,936 shares of the e-commerce giant’s stock valued at $446,000 after acquiring an additional 66 shares in the last quarter. StrategIQ Financial Group LLC lifted its holdings in shares of Amazon.com by 0.3% during the 4th quarter. StrategIQ Financial Group LLC now owns 23,259 shares of the e-commerce giant’s stock valued at $3,534,000 after acquiring an additional 66 shares in the last quarter. Finally, Marion Wealth Management lifted its holdings in shares of Amazon.com by 1.6% during the 4th quarter. Marion Wealth Management now owns 4,321 shares of the e-commerce giant’s stock valued at $657,000 after acquiring an additional 67 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Wells Fargo & Company lifted their target price on shares of Amazon.com from $211.00 to $217.00 and gave the company an “overweight” rating in a report on Monday, April 1st. Truist Financial lifted their price target on shares of Amazon.com from $195.00 to $216.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Sanford C. Bernstein lifted their price target on shares of Amazon.com from $175.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Stifel Nicolaus lifted their price target on shares of Amazon.com from $200.00 to $224.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Finally, Canaccord Genuity Group lifted their price target on shares of Amazon.com from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Amazon.com presently has an average rating of “Buy” and an average price target of $203.13.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $184.00, for a total transaction of $92,000.00. Following the completion of the transaction, the chief executive officer now directly owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $180.73, for a total value of $632,555.00. Following the completion of the sale, the chief executive officer now directly owns 512,858 shares of the company’s stock, valued at approximately $92,688,826.34. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $184.00, for a total transaction of $92,000.00. Following the completion of the sale, the chief executive officer now directly owns 131,600 shares of the company’s stock, valued at $24,214,400. The disclosure for this sale can be found here. Insiders sold 32,214,010 shares of company stock valued at $5,505,889,146 in the last ninety days. Company insiders own 10.80% of the company’s stock.

Amazon.com Trading Up 1.3 %

Amazon.com stock opened at $179.54 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. The firm has a 50-day moving average price of $177.60 and a two-hundred day moving average price of $157.99. The firm has a market capitalization of $1.87 trillion, a price-to-earnings ratio of 61.91, a PEG ratio of 1.52 and a beta of 1.17. Amazon.com, Inc. has a 52-week low of $101.15 and a 52-week high of $189.77.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. The firm had revenue of $169.96 billion during the quarter, compared to analyst estimates of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. Amazon.com’s revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.21 EPS. Sell-side analysts expect that Amazon.com, Inc. will post 4.1 earnings per share 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.