Signal Advisors Wealth LLC Raises Stake in Amazon.com, Inc. $AMZN

Signal Advisors Wealth LLC boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 73,486 shares of the e-commerce giant’s stock after acquiring an additional 3,065 shares during the period. Amazon.com comprises 1.3% of Signal Advisors Wealth LLC’s investment portfolio, making the stock its 11th biggest holding. Signal Advisors Wealth LLC’s holdings in Amazon.com were worth $16,962,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Brighton Jones LLC increased its holdings in Amazon.com by 10.9% in the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock valued at $885,478,000 after buying an additional 397,007 shares during the last quarter. Revolve Wealth Partners LLC lifted its holdings in Amazon.com by 4.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant’s stock worth $5,495,000 after buying an additional 986 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its holdings in Amazon.com by 2.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant’s stock worth $442,481,000 after buying an additional 54,987 shares during the last quarter. Highview Capital Management LLC DE boosted its position in shares of Amazon.com by 5.5% during the 4th quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant’s stock worth $6,357,000 after acquiring an additional 1,518 shares in the last quarter. Finally, Liberty Square Wealth Partners LLC purchased a new position in shares of Amazon.com in the 4th quarter valued at about $2,153,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Amazon.com

In other news, CEO Matthew S. Garman sold 17,751 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $205.22, for a total transaction of $3,642,860.22. Following the completion of the sale, the chief executive officer owned 9,405 shares in the company, valued at $1,930,094.10. This represents a 65.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas J. Herrington sold 1,000 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $204.25, for a total value of $204,250.00. Following the sale, the chief executive officer directly owned 521,361 shares of the company’s stock, valued at approximately $106,487,984.25. This represents a 0.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 71,686 shares of company stock worth $14,688,739 in the last ninety days. Company insiders own 9.70% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the topic of several research analyst reports. Evercore cut their target price on Amazon.com from $335.00 to $285.00 and set an “outperform” rating on the stock in a research report on Friday, February 27th. Jefferies Financial Group reiterated a “buy” rating on shares of Amazon.com in a research note on Monday, March 23rd. Wall Street Zen cut shares of Amazon.com from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Morgan Stanley restated an “overweight” rating and set a $300.00 price objective (down from $315.00) on shares of Amazon.com in a research report on Friday, February 6th. Finally, Stifel Nicolaus set a $300.00 target price on shares of Amazon.com and gave the company a “buy” rating in a report on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, fifty-three have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Amazon.com has an average rating of “Moderate Buy” and an average price target of $286.57.

Get Our Latest Stock Report on Amazon.com

Amazon.com Trading Up 1.1%

NASDAQ AMZN opened at $210.57 on Thursday. The firm’s fifty day moving average is $214.78 and its two-hundred day moving average is $224.63. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $258.60. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.88 and a current ratio of 1.05. The firm has a market cap of $2.26 trillion, a PE ratio of 29.37, a P/E/G ratio of 1.56 and a beta of 1.38.

Amazon.com (NASDAQ:AMZNGet Free Report) last released its quarterly earnings results on Thursday, February 5th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.02). The company had revenue of $213.39 billion for the quarter, compared to analysts’ expectations of $211.02 billion. Amazon.com had a return on equity of 21.87% and a net margin of 10.83%.The business’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.86 EPS. Analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Trending Headlines about Amazon.com

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Amazon.com Company Profile

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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