Amazon.com, Inc. (NASDAQ:AMZN) is Private Wealth Partners LLC’s 5th Largest Position

Private Wealth Partners LLC raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 304,879 shares of the e-commerce giant’s stock after acquiring an additional 2,182 shares during the period. Amazon.com makes up 5.1% of Private Wealth Partners LLC’s investment portfolio, making the stock its 5th biggest holding. Private Wealth Partners LLC’s holdings in Amazon.com were worth $66,887,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. TBH Global Asset Management LLC boosted its stake in shares of Amazon.com by 0.8% during the 4th quarter. TBH Global Asset Management LLC now owns 40,337 shares of the e-commerce giant’s stock worth $8,850,000 after acquiring an additional 322 shares in the last quarter. CogentBlue Wealth Advisors LLC purchased a new stake in shares of Amazon.com in the fourth quarter valued at about $914,000. Parthenon LLC raised its position in shares of Amazon.com by 5.1% during the 4th quarter. Parthenon LLC now owns 2,070 shares of the e-commerce giant’s stock worth $454,000 after purchasing an additional 100 shares during the last quarter. Fagan Associates Inc. grew its holdings in Amazon.com by 1.8% during the 4th quarter. Fagan Associates Inc. now owns 96,966 shares of the e-commerce giant’s stock valued at $21,273,000 after buying an additional 1,747 shares during the last quarter. Finally, Private Advisor Group LLC raised its holdings in shares of Amazon.com by 1.7% in the fourth quarter. Private Advisor Group LLC now owns 994,705 shares of the e-commerce giant’s stock worth $218,229,000 after acquiring an additional 16,752 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on AMZN shares. Loop Capital upped their target price on shares of Amazon.com from $275.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Redburn Atlantic raised their price target on Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Canaccord Genuity Group reaffirmed a “buy” rating on shares of Amazon.com in a research note on Thursday, February 13th. Tigress Financial boosted their price objective on shares of Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Finally, Oppenheimer increased their target price on Amazon.com from $230.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $260.65.

Amazon.com Trading Down 0.3 %

NASDAQ:AMZN opened at $194.95 on Friday. 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 one year low of $151.61 and a one year high of $242.52. The company has a market cap of $2.07 trillion, a PE ratio of 35.25, a PEG ratio of 1.50 and a beta of 1.19. The firm has a 50-day moving average of $219.36 and a 200-day moving average of $207.85.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping 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, equities research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In related news, SVP David Zapolsky sold 19,212 shares of the business’s 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 sale, the senior vice president now directly owns 49,950 shares in the company, valued at approximately $10,864,125. The trade was a 27.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 of the company’s stock, valued at $114,459,618.09. The trade was a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 102,298 shares of company stock worth $22,871,828 in the last 90 days. Insiders own 10.80% of the company’s stock.

Amazon.com Company 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.