Avantra Family Wealth Inc. Makes New Investment in Amazon.com, Inc. (NASDAQ:AMZN)

Avantra Family Wealth Inc. acquired a new position in Amazon.com, Inc. (NASDAQ:AMZN) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 12,304 shares of the e-commerce giant’s stock, valued at approximately $2,699,000. Amazon.com accounts for 2.5% of Avantra Family Wealth Inc.’s holdings, making the stock its 4th largest holding.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Berry Wealth Group LP lifted its holdings in Amazon.com by 1.3% in the fourth quarter. Berry Wealth Group LP now owns 5,856 shares of the e-commerce giant’s stock worth $1,285,000 after buying an additional 73 shares during the period. Spire Wealth Management lifted its holdings in Amazon.com by 5.6% in the fourth quarter. Spire Wealth Management now owns 373,585 shares of the e-commerce giant’s stock worth $81,961,000 after buying an additional 19,926 shares during the period. Riverstone Advisors LLC lifted its holdings in Amazon.com by 1.1% in the fourth quarter. Riverstone Advisors LLC now owns 83,608 shares of the e-commerce giant’s stock worth $18,343,000 after buying an additional 886 shares during the period. PBMares Wealth Management LLC lifted its holdings in Amazon.com by 3.6% in the fourth quarter. PBMares Wealth Management LLC now owns 12,754 shares of the e-commerce giant’s stock worth $2,798,000 after buying an additional 448 shares during the period. Finally, Journey Strategic Wealth LLC increased its stake in shares of Amazon.com by 5.5% during the fourth quarter. Journey Strategic Wealth LLC now owns 48,990 shares of the e-commerce giant’s stock valued at $10,748,000 after purchasing an additional 2,559 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Trading Down 1.8 %

Shares of Amazon.com stock opened at $212.71 on Tuesday. The company’s fifty day simple moving average is $227.48 and its 200-day simple moving average is $204.88. The stock has a market capitalization of $2.25 trillion, a PE ratio of 38.46, a P/E/G ratio of 1.54 and a beta of 1.15. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. 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 (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping 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%. As a group, equities analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the transaction, the chief executive officer now owns 497,067 shares in the company, valued at approximately $114,459,618.09. The trade was a 5.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction on Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the transaction, the director now owns 88,203 shares in the company, valued at approximately $20,273,459.55. This trade represents a 4.70 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 40,852 shares of company stock worth $9,324,151. 10.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. UBS Group raised their target price on shares of Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Mizuho raised their target price on shares of Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Wolfe Research raised their target price on shares of Amazon.com from $250.00 to $270.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Finally, Redburn Atlantic raised their target price on shares of Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Two investment 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $260.74.

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.