Fusion Family Wealth LLC Takes Position in Amazon.com, Inc. (NASDAQ:AMZN)

Fusion Family Wealth LLC purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 942 shares of the e-commerce giant’s stock, valued at approximately $207,000.

Several other hedge funds have also modified their holdings of AMZN. AMF Tjanstepension AB raised its holdings in Amazon.com by 44.3% during the third quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant’s stock worth $492,172,000 after purchasing an additional 811,425 shares during the last quarter. Czech National Bank raised its holdings in Amazon.com by 9.0% during the third quarter. Czech National Bank now owns 1,902,873 shares of the e-commerce giant’s stock worth $354,562,000 after purchasing an additional 157,761 shares during the last quarter. Meritas Wealth Management LLC raised its holdings in Amazon.com by 6.9% during the third quarter. Meritas Wealth Management LLC now owns 3,976 shares of the e-commerce giant’s stock worth $741,000 after purchasing an additional 256 shares during the last quarter. Trinity Financial Advisors LLC raised its holdings in Amazon.com by 2.5% during the third quarter. Trinity Financial Advisors LLC now owns 3,626 shares of the e-commerce giant’s stock worth $682,000 after purchasing an additional 90 shares during the last quarter. Finally, Wiser Wealth Management Inc raised its holdings in Amazon.com by 8.0% during the third quarter. Wiser Wealth Management Inc now owns 3,100 shares of the e-commerce giant’s stock worth $578,000 after purchasing an additional 230 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Amazon.com

In related news, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the completion of the sale, the chief executive officer now owns 2,118,886 shares in the company, valued at $467,532,195.90. The trade was a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 27,500 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 497,067 shares of the company’s stock, valued at approximately $114,459,618.09. The trade was a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 110,149 shares of company stock valued at $24,606,905 in the last three months. 10.80% of the stock is owned by corporate insiders.

Amazon.com Trading Up 1.7 %

Shares of AMZN stock opened at $212.32 on Friday. 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 stock’s fifty day moving average is $226.44 and its two-hundred day moving average is $205.61. The firm has a market capitalization of $2.25 trillion, a P/E ratio of 38.39, a PEG ratio of 1.50 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Jefferies Financial Group lifted their price objective on Amazon.com from $235.00 to $275.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Tigress Financial raised their price target on Amazon.com from $245.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. Sanford C. Bernstein raised their price target on 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 target on Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Finally, Monness Crespi & Hardt raised their price target on Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $260.65.

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.