Vivid Wealth Management LLC Acquires New Position in Amazon.com, Inc. (NASDAQ:AMZN)

Vivid Wealth Management LLC acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 29,338 shares of the e-commerce giant’s stock, valued at approximately $4,458,000. Amazon.com comprises about 3.0% of Vivid Wealth Management LLC’s portfolio, making the stock its 7th biggest holding.

A number of other hedge funds have also added to or reduced their stakes in the company. Register Financial Advisors LLC lifted its holdings in shares of Amazon.com by 14.3% during the third quarter. Register Financial Advisors LLC now owns 5,263 shares of the e-commerce giant’s stock worth $669,000 after purchasing an additional 657 shares during the period. Cherrydale Wealth Management LLC raised its stake in Amazon.com by 14.7% during the fourth quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock worth $799,000 after buying an additional 675 shares during the last quarter. Tompkins Financial Corp raised its stake in Amazon.com by 3.3% during the fourth quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock worth $10,875,000 after buying an additional 2,273 shares during the last quarter. Nicholas Company Inc. raised its stake in Amazon.com by 3.9% during the third quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock worth $89,628,000 after buying an additional 26,465 shares during the last quarter. Finally, Nordea Investment Management AB raised its stake in Amazon.com by 5.4% during the fourth quarter. Nordea Investment Management AB now owns 5,397,520 shares of the e-commerce giant’s stock worth $825,065,000 after buying an additional 277,631 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on AMZN shares. DA Davidson reaffirmed a “buy” rating and issued a $235.00 price target on shares of Amazon.com in a research note on Thursday, April 18th. Susquehanna boosted their price target on shares of Amazon.com from $185.00 to $220.00 and gave the stock a “positive” rating in a report on Friday, February 2nd. UBS Group boosted their price target on shares of Amazon.com from $198.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday. Piper Sandler boosted their price target on shares of Amazon.com from $185.00 to $205.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Finally, Robert W. Baird boosted their price target on shares of Amazon.com from $185.00 to $205.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $205.13.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $179.62 on Friday. Amazon.com, Inc. has a 52-week low of $101.15 and a 52-week high of $189.77. The stock has a market capitalization of $1.87 trillion, a price-to-earnings ratio of 61.94, a price-to-earnings-growth ratio of 1.50 and a beta of 1.16. The company has a fifty day moving average of $177.99 and a 200-day moving average of $158.79. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.19. The business had revenue of $169.96 billion during the quarter, compared to analysts’ expectations of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The firm’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.21 EPS. Equities research analysts expect that Amazon.com, Inc. will post 4.11 EPS for the current year.

Insider Transactions at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $181.38, for a total value of $90,690.00. Following the completion of the transaction, the chief executive officer now directly owns 130,600 shares in the company, valued at approximately $23,688,228. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Amazon.com news, CEO Douglas J. Herrington sold 20,200 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $169.99, for a total transaction of $3,433,798.00. Following the completion of the sale, the chief executive officer now directly owns 514,131 shares in the company, valued at approximately $87,397,128.69. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $181.38, for a total transaction of $90,690.00. Following the sale, the chief executive officer now owns 130,600 shares of the company’s stock, valued at $23,688,228. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,214,010 shares of company stock valued at $5,505,889,146. Company insiders own 10.30% of the company’s stock.

Amazon.com 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.