Proactive Wealth Strategies LLC Acquires 387 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Proactive Wealth Strategies LLC increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.6% during the fourth quarter, Holdings Channel reports. The fund owned 15,423 shares of the e-commerce giant’s stock after purchasing an additional 387 shares during the period. Amazon.com makes up about 1.8% of Proactive Wealth Strategies LLC’s portfolio, making the stock its 14th biggest position. Proactive Wealth Strategies LLC’s holdings in Amazon.com were worth $3,384,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Ramsay Stattman Vela & Price Inc. lifted its holdings in Amazon.com by 0.8% during the 4th quarter. Ramsay Stattman Vela & Price Inc. now owns 69,491 shares of the e-commerce giant’s stock worth $15,246,000 after buying an additional 546 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its holdings in Amazon.com by 0.7% during the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 22,122 shares of the e-commerce giant’s stock worth $4,853,000 after buying an additional 150 shares in the last quarter. Valley Wealth Managers Inc. lifted its holdings in Amazon.com by 5.6% during the 4th quarter. Valley Wealth Managers Inc. now owns 23,184 shares of the e-commerce giant’s stock worth $5,086,000 after buying an additional 1,231 shares in the last quarter. Waycross Partners LLC lifted its holdings in Amazon.com by 3.0% during the 4th quarter. Waycross Partners LLC now owns 172,453 shares of the e-commerce giant’s stock worth $37,834,000 after buying an additional 5,008 shares in the last quarter. Finally, Bfsg LLC lifted its holdings in Amazon.com by 3.4% during the 4th quarter. Bfsg LLC now owns 45,284 shares of the e-commerce giant’s stock worth $9,935,000 after buying an additional 1,494 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $192.82 on Wednesday. The stock has a market capitalization of $2.04 trillion, a price-to-earnings ratio of 34.87, a PEG ratio of 1.50 and a beta of 1.19. The business has a 50-day moving average of $220.43 and a 200-day moving average of $208.02. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52.

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

Analyst Ratings Changes

Several research firms have issued reports on AMZN. Telsey Advisory Group reaffirmed an “outperform” rating and set a $275.00 price objective on shares of Amazon.com in a report on Friday, February 7th. UBS Group increased their price target on Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a research note on Monday, December 16th. JPMorgan Chase & Co. increased their price target on Amazon.com from $250.00 to $280.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. BMO Capital Markets reissued an “outperform” rating and issued a $236.00 price target on shares of Amazon.com in a research note on Tuesday, December 3rd. Finally, DA Davidson increased their price target on Amazon.com from $235.00 to $280.00 and gave the company a “buy” rating in a research note on Friday, February 7th. 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 company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $260.65.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the transaction, the chief executive officer now owns 497,067 shares in the company, valued at approximately $114,459,618.09. This trade represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP David Zapolsky sold 19,212 shares of Amazon.com stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $217.50, for a total value of $4,178,610.00. Following the transaction, the senior vice president now owns 49,950 shares of the company’s stock, valued at $10,864,125. The trade was a 27.78 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 102,298 shares of company stock worth $22,871,828. Company insiders own 10.80% 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.