Falcon Wealth Planning Acquires 2,558 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Falcon Wealth Planning grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 29.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,135 shares of the e-commerce giant’s stock after purchasing an additional 2,558 shares during the quarter. Falcon Wealth Planning’s holdings in Amazon.com were worth $1,692,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. King Wealth raised its position in shares of Amazon.com by 4.6% in the 2nd quarter. King Wealth now owns 29,352 shares of the e-commerce giant’s stock valued at $3,826,000 after acquiring an additional 1,296 shares during the period. Ascension Asset Management LLC acquired a new stake in shares of Amazon.com in the 2nd quarter valued at approximately $2,001,000. Register Financial Advisors LLC raised its position in shares of Amazon.com by 14.3% in the 3rd quarter. Register Financial Advisors LLC now owns 5,263 shares of the e-commerce giant’s stock valued at $669,000 after acquiring an additional 657 shares during the period. Wedge Capital Management L L P NC raised its position in shares of Amazon.com by 1.0% in the 3rd quarter. Wedge Capital Management L L P NC now owns 14,613 shares of the e-commerce giant’s stock valued at $1,858,000 after acquiring an additional 148 shares during the period. Finally, Westchester Capital Management Inc. raised its position in shares of Amazon.com by 0.6% in the 2nd quarter. Westchester Capital Management Inc. now owns 28,246 shares of the e-commerce giant’s stock valued at $3,682,000 after acquiring an additional 170 shares during the period. Institutional investors own 57.96% of the company’s stock.

Insiders Place Their Bets

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $145.63, for a total transaction of $72,815.00. Following the completion of the transaction, the chief executive officer now owns 118,560 shares of the company’s stock, valued at $17,265,892.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $145.63, for a total transaction of $72,815.00. Following the sale, the chief executive officer now directly owns 118,560 shares in the company, valued at $17,265,892.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jeffrey P. Bezos sold 2,009,208 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $166.79, for a total value of $335,115,802.32. Following the sale, the insider now owns 938,251,817 shares in the company, valued at $156,491,020,557.43. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,210,010 shares of company stock valued at $5,505,133,106. 12.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AMZN. Royal Bank of Canada increased their price target on shares of Amazon.com from $180.00 to $215.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Morgan Stanley raised their target price on shares of Amazon.com from $185.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Wolfe Research raised their target price on shares of Amazon.com from $195.00 to $205.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Needham & Company LLC raised their target price on shares of Amazon.com from $175.00 to $205.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Finally, Bank of America raised their target price on shares of Amazon.com from $185.00 to $204.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com currently has an average rating of “Buy” and a consensus price target of $197.95.

Get Our Latest Research Report on Amazon.com

Amazon.com Stock Up 0.4 %

AMZN stock opened at $178.87 on Friday. The company has a market cap of $1.86 trillion, a PE ratio of 61.68, a price-to-earnings-growth ratio of 1.55 and a beta of 1.17. The business has a 50-day simple moving average of $168.72 and a 200 day simple moving average of $150.29. Amazon.com, Inc. has a 52 week low of $96.29 and a 52 week high of $181.41. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29.

Amazon.com (NASDAQ:AMZNGet Free Report) last posted its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. The business had revenue of $169.96 billion during the quarter, compared to the consensus estimate of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. Amazon.com’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.21 earnings per share. Sell-side analysts anticipate that Amazon.com, Inc. will post 4.08 EPS for the current fiscal year.

Amazon.com Company Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZNFree Report).

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

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.