Cornerstone Wealth Advisors Inc. Acquires 150 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Cornerstone Wealth Advisors Inc. increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 10.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,625 shares of the e-commerce giant’s stock after purchasing an additional 150 shares during the period. Cornerstone Wealth Advisors Inc.’s holdings in Amazon.com were worth $357,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Icon Wealth Advisors LLC boosted its stake in shares of Amazon.com by 20.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after purchasing an additional 25,581 shares in the last quarter. Hoese & Co LLP bought a new position in Amazon.com in the 3rd quarter valued at approximately $37,000. Bull Oak Capital LLC bought a new position in Amazon.com in the 3rd quarter valued at approximately $45,000. Values First Advisors Inc. acquired a new stake in Amazon.com in the third quarter valued at approximately $56,000. Finally, Harbor Investment Advisory LLC grew its stake in shares of Amazon.com by 1.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 301,946 shares of the e-commerce giant’s stock worth $66,000 after buying an additional 3,055 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $228.93 on Thursday. The stock’s 50 day moving average is $227.77 and its 200-day moving average is $201.59. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $2.43 trillion, a price-to-earnings ratio of 41.40, a PEG ratio of 1.36 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 25.49%. Sell-side analysts forecast that Amazon.com, Inc. will post 6.24 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of research reports. Morgan Stanley increased their price target on Amazon.com from $230.00 to $280.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Piper Sandler reiterated an “overweight” rating and issued a $265.00 target price (up from $225.00) on shares of Amazon.com in a research report on Friday, February 7th. Maxim Group boosted their price target on Amazon.com from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Mizuho upped their price objective on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Finally, HSBC lifted their target price on shares of Amazon.com from $225.00 to $270.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $260.74.

Insider Activity at Amazon.com

In other news, CEO Matthew S. Garman sold 15,260 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $200.19, for a total value of $3,054,899.40. Following the completion of the sale, the chief executive officer now owns 349,261 shares in the company, valued at $69,918,559.59. This represents a 4.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 5,502 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the transaction, the chief executive officer now directly owns 518,911 shares in the company, valued at $106,797,072.91. The trade was a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,850 shares of company stock valued at $6,168,581. 10.80% of the stock is owned by corporate insiders.

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.