Motive Wealth Advisors Raises Position in Amazon.com, Inc. (NASDAQ:AMZN)

Motive Wealth Advisors increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 11.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 9,323 shares of the e-commerce giant’s stock after purchasing an additional 974 shares during the period. Amazon.com comprises 1.1% of Motive Wealth Advisors’ holdings, making the stock its 22nd largest holding. Motive Wealth Advisors’ holdings in Amazon.com were worth $2,045,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Rench Wealth Management Inc. boosted its position in Amazon.com by 7.9% in the 3rd quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant’s stock worth $9,392,000 after purchasing an additional 3,703 shares in the last quarter. Foundations Investment Advisors LLC lifted its stake in shares of Amazon.com by 9.7% in the 3rd quarter. Foundations Investment Advisors LLC now owns 184,594 shares of the e-commerce giant’s stock valued at $34,395,000 after purchasing an additional 16,392 shares during the period. Blankinship & Foster LLC boosted its holdings in Amazon.com by 216.4% during the third quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant’s stock worth $1,291,000 after buying an additional 4,740 shares in the last quarter. Umpqua Bank grew its position in Amazon.com by 0.4% during the third quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant’s stock valued at $6,544,000 after buying an additional 137 shares during the period. Finally, One Wealth Capital Management LLC purchased a new position in Amazon.com in the fourth quarter valued at $4,270,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Amazon.com

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the transaction, the director now owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jonathan Rubinstein sold 4,351 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the sale, the director now directly owns 88,203 shares in the company, valued at $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,850 shares of company stock valued at $6,168,581. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $232.76 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The firm’s fifty day simple moving average is $227.38 and its 200-day simple moving average is $201.24. The stock has a market cap of $2.45 trillion, a PE ratio of 42.09, a price-to-earnings-growth ratio of 1.36 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 25.49%. Analysts expect that Amazon.com, Inc. will post 6.24 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of recent analyst reports. UBS Group increased their price target on Amazon.com from $230.00 to $264.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Stifel Nicolaus lifted their price target on shares of Amazon.com from $245.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Moffett Nathanson upped their price objective on shares of Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Robert W. Baird increased their price objective on shares of Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Finally, Morgan Stanley boosted their target price on shares of Amazon.com from $230.00 to $280.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Two research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $260.52.

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.