BIP Wealth LLC Has $2.11 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

BIP Wealth LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 13,877 shares of the e-commerce giant’s stock after purchasing an additional 1,116 shares during the quarter. BIP Wealth LLC’s holdings in Amazon.com were worth $2,109,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Sycomore Asset Management boosted its stake in Amazon.com by 89.7% in the 4th quarter. Sycomore Asset Management now owns 550 shares of the e-commerce giant’s stock valued at $84,000 after buying an additional 260 shares in the last quarter. Retirement Solution Inc. boosted its stake in Amazon.com by 25.8% in the fourth quarter. Retirement Solution Inc. now owns 7,057 shares of the e-commerce giant’s stock worth $1,072,000 after purchasing an additional 1,448 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its stake in Amazon.com by 2.8% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 431,356 shares of the e-commerce giant’s stock worth $65,540,000 after purchasing an additional 11,610 shares in the last quarter. Atria Wealth Solutions Inc. boosted its stake in Amazon.com by 3.0% in the fourth quarter. Atria Wealth Solutions Inc. now owns 696,968 shares of the e-commerce giant’s stock worth $105,897,000 after purchasing an additional 20,488 shares in the last quarter. Finally, Magnolia Capital Advisors LLC acquired a new position in Amazon.com in the fourth quarter worth $3,436,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Trading Down 0.6 %

AMZN opened at $185.99 on Thursday. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a twelve month low of $111.05 and a twelve month high of $191.70. The stock has a market capitalization of $1.94 trillion, a price-to-earnings ratio of 52.10, a P/E/G ratio of 1.35 and a beta of 1.15. The company has a 50-day simple moving average of $181.02 and a 200 day simple moving average of $164.00.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. The business had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period last year, the firm posted $0.31 earnings per share. Analysts predict that Amazon.com, Inc. will post 4.67 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Royal Bank of Canada boosted their price objective on Amazon.com from $180.00 to $215.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Mizuho boosted their price objective on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. The Goldman Sachs Group boosted their price objective on Amazon.com from $220.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Loop Capital boosted their price objective on Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Finally, Citigroup boosted their price objective on Amazon.com from $235.00 to $245.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Amazon.com currently has an average rating of “Buy” and an average target price of $211.62.

Insider Buying and Selling at Amazon.com

In other news, Director Jonathan Rubinstein sold 5,264 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $190.00, for a total value of $1,000,160.00. Following the completion of the transaction, the director now owns 104,400 shares of the company’s stock, valued at $19,836,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Amazon.com news, Director Keith Brian Alexander sold 1,000 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $186.22, for a total value of $186,220.00. Following the completion of the transaction, the director now owns 4,760 shares of the company’s stock, valued at approximately $886,407.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Jonathan Rubinstein sold 5,264 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $190.00, for a total value of $1,000,160.00. Following the completion of the transaction, the director now owns 104,400 shares of the company’s stock, valued at $19,836,000. The disclosure for this sale can be found here. Insiders have sold a total of 8,181,245 shares of company stock worth $1,380,028,066 over the last 90 days. 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.