Baystate Wealth Management LLC Raises Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Baystate Wealth Management LLC lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 4.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,769 shares of the e-commerce giant’s stock after buying an additional 576 shares during the quarter. Baystate Wealth Management LLC’s holdings in Amazon.com were worth $2,244,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Lake Hills Wealth Management LLC lifted its position in Amazon.com by 0.8% during the fourth quarter. Lake Hills Wealth Management LLC now owns 7,985 shares of the e-commerce giant’s stock worth $1,213,000 after buying an additional 65 shares during the period. Veery Capital LLC increased its stake 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 during 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 worth $446,000 after acquiring an additional 66 shares during the period. StrategIQ Financial Group LLC boosted its position in shares of Amazon.com by 0.3% in the fourth quarter. StrategIQ Financial Group LLC now owns 23,259 shares of the e-commerce giant’s stock worth $3,534,000 after acquiring an additional 66 shares during the last quarter. Finally, Marion Wealth Management grew its holdings in Amazon.com by 1.6% in the fourth quarter. Marion Wealth Management now owns 4,321 shares of the e-commerce giant’s stock valued at $657,000 after purchasing an additional 67 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. JMP Securities reissued a “market outperform” rating and set a $225.00 price objective on shares of Amazon.com in a research note on Wednesday. Morgan Stanley boosted their price target on Amazon.com from $215.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday. JPMorgan Chase & Co. raised their price objective on Amazon.com from $225.00 to $240.00 and gave the stock an “overweight” rating in a report on Wednesday. Susquehanna boosted their target price on Amazon.com from $185.00 to $220.00 and gave the stock a “positive” rating in a report on Friday, February 2nd. Finally, Robert W. Baird increased their target price on shares of Amazon.com from $205.00 to $210.00 and gave the stock an “outperform” rating in a research report on Wednesday. One investment analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Amazon.com presently has an average rating of “Buy” and a consensus price target of $210.18.

Amazon.com Stock Up 2.3 %

AMZN stock opened at $179.00 on Thursday. The firm has a fifty day moving average price of $178.59 and a two-hundred day moving average price of $159.78. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84. Amazon.com, Inc. has a 1-year low of $101.15 and a 1-year high of $189.77. The firm has a market cap of $1.86 trillion, a price-to-earnings ratio of 61.72, a PEG ratio of 1.57 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The business had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. During the same quarter in the prior year, the firm earned $0.31 EPS. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. Research analysts predict 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 business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total transaction of $90,000.00. Following the completion of the transaction, the chief executive officer now owns 132,600 shares in the company, valued at approximately $23,868,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Jeffrey P. Bezos sold 5,998,849 shares of Amazon.com stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the sale, the insider now directly owns 982,252,968 shares in the company, valued at approximately $167,140,165,034.88. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction of $90,000.00. Following the transaction, the chief executive officer now directly owns 132,600 shares of the company’s stock, valued at $23,868,000. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,213,510 shares of company stock worth $5,505,811,286. 10.30% of the stock is currently owned by company insiders.

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.