Yardley Wealth Management LLC Boosts Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Yardley Wealth Management LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 54.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,333 shares of the e-commerce giant’s stock after buying an additional 823 shares during the period. Yardley Wealth Management LLC’s holdings in Amazon.com were worth $485,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of AMZN. Rench Wealth Management Inc. lifted its position in Amazon.com by 7.9% in the third quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant’s stock valued at $9,392,000 after purchasing an additional 3,703 shares during the last quarter. Blankinship & Foster LLC raised its holdings in Amazon.com by 216.4% during the 3rd quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant’s stock valued at $1,291,000 after buying an additional 4,740 shares during the last quarter. One Wealth Capital Management LLC purchased a new stake in Amazon.com during the 4th quarter valued at $4,270,000. Floyd Financial Group LLC bought a new stake in Amazon.com in the 4th quarter worth $4,494,000. Finally, Washington Trust Advisors Inc. increased its position in shares of Amazon.com by 0.4% in the third quarter. Washington Trust Advisors Inc. now owns 225,254 shares of the e-commerce giant’s stock valued at $41,972,000 after acquiring an additional 982 shares during the period. Institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on AMZN shares. Wolfe Research increased their target price on shares of Amazon.com from $250.00 to $270.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Bank of America dropped their price objective on Amazon.com from $257.00 to $225.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. Needham & Company LLC reissued a “buy” rating and set a $250.00 target price on shares of Amazon.com in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft dropped their price target on Amazon.com from $287.00 to $206.00 and set a “buy” rating for the company in a research note on Monday. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $275.00 price objective on shares of Amazon.com in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and a consensus price target of $252.73.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CFO Brian T. Olsavsky sold 14,620 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $223.14, for a total transaction of $3,262,306.80. Following the completion of the sale, the chief financial officer now owns 49,000 shares of the company’s stock, valued at approximately $10,933,860. The trade was a 22.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 27,500 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the transaction, the chief executive officer now directly owns 497,067 shares in the company, valued at $114,459,618.09. This trade represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 104,798 shares of company stock valued at $23,341,803. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Down 1.0 %

Amazon.com stock opened at $172.51 on Friday. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The stock has a fifty day moving average of $199.65 and a 200 day moving average of $207.97. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The stock has a market cap of $1.83 trillion, a PE ratio of 31.19, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating 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, sell-side analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.