Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Boulder Wealth Advisors LLC

Boulder Wealth Advisors LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 19.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,533 shares of the e-commerce giant’s stock after purchasing an additional 248 shares during the period. Amazon.com comprises about 0.2% of Boulder Wealth Advisors LLC’s holdings, making the stock its 21st largest position. Boulder Wealth Advisors LLC’s holdings in Amazon.com were worth $336,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Accordant Advisory Group Inc increased its position in Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after purchasing an additional 100 shares during the period. Icon Wealth Advisors LLC lifted its holdings in shares of Amazon.com by 20.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after acquiring an additional 25,581 shares during the period. Quattro Financial Advisors LLC grew its position in Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after acquiring an additional 45 shares during the period. Compass Planning Associates Inc acquired a new position in shares of Amazon.com during the 4th quarter valued at $51,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Amazon.com during the fourth quarter valued at approximately $54,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Down 4.2 %

Shares of NASDAQ:AMZN opened at $171.00 on Friday. The stock’s 50-day moving average is $212.18 and its 200 day moving average is $209.06. The company has a market cap of $1.81 trillion, a PE ratio of 30.92, a P/E/G ratio of 1.50 and a beta of 1.39. 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 1 year low of $151.61 and a 1 year high of $242.52.

Amazon.com (NASDAQ:AMZN) last posted its earnings results 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 return on equity of 24.25% and a net margin of 9.29%. Sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Roth Mkm lifted their target price on Amazon.com from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Loop Capital lifted their target price on Amazon.com from $275.00 to $285.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Royal Bank of Canada increased their price objective on Amazon.com from $255.00 to $265.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Piper Sandler reissued 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. Finally, Citigroup reissued a “buy” rating on shares of Amazon.com in a research note on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and an average price target of $260.53.

Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.00. Following the transaction, the chief executive officer now owns 509,474 shares in the company, valued at approximately $95,776,017.26. This represents a 0.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP David Zapolsky sold 19,212 shares of the stock in a transaction on Monday, February 24th. The shares were 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 $10,864,125. This trade represents a 27.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 104,798 shares of company stock valued at $23,341,803 over the last three months. Corporate insiders own 10.80% of the company’s stock.

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.