Drive Wealth Management LLC Buys 475 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Drive Wealth Management LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 28,161 shares of the e-commerce giant’s stock after acquiring an additional 475 shares during the period. Amazon.com accounts for about 1.4% of Drive Wealth Management LLC’s holdings, making the stock its 14th biggest holding. Drive Wealth Management LLC’s holdings in Amazon.com were worth $4,279,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Fiduciary Planning LLC boosted its position in Amazon.com by 1.5% during the first quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock worth $1,138,000 after purchasing an additional 5 shares during the period. HBC Financial Services PLLC boosted its position in Amazon.com by 0.8% during the first quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock worth $1,717,000 after purchasing an additional 5 shares during the period. Meridian Investment Counsel Inc. boosted its position in Amazon.com by 3.4% during the first quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock worth $492,000 after purchasing an additional 5 shares during the period. Alterna Wealth Management Inc. boosted its position in Amazon.com by 1.8% during the first quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock worth $942,000 after purchasing an additional 5 shares during the period. Finally, Archetype Wealth Partners boosted its position in Amazon.com by 3.7% during the first quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock worth $552,000 after purchasing an additional 6 shares during the period. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In related news, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $152.78, for a total transaction of $76,390.00. Following the transaction, the chief executive officer now directly owns 117,560 shares of the company’s stock, valued at $17,960,816.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $152.78, for a total value of $76,390.00. Following the transaction, the chief executive officer now directly owns 117,560 shares of the company’s stock, valued at $17,960,816.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the completion of the transaction, the insider now directly owns 982,252,968 shares in the company, valued at $167,140,165,034.88. The disclosure for this sale can be found here. Insiders have sold a total of 32,214,010 shares of company stock valued at $5,505,874,846 over the last ninety days. 12.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Wedbush reissued an “outperform” rating and issued a $220.00 target price on shares of Amazon.com in a research report on Wednesday, April 10th. Benchmark boosted their target price on shares of Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Roth Mkm boosted their target price on shares of Amazon.com from $180.00 to $205.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. UBS Group boosted their target price on shares of Amazon.com from $180.00 to $198.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Finally, Robert W. Baird boosted their target price on shares of Amazon.com from $185.00 to $205.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Amazon.com presently has a consensus rating of “Buy” and an average price target of $201.43.

Amazon.com Stock Down 1.3 %

Shares of NASDAQ AMZN opened at $183.62 on Tuesday. The firm has a market cap of $1.91 trillion, a PE ratio of 63.32, a P/E/G ratio of 1.62 and a beta of 1.17. Amazon.com, Inc. has a 12-month low of $101.15 and a 12-month high of $189.77. The company’s fifty day simple moving average is $176.60 and its 200 day simple moving average is $155.79. 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:AMZN) last issued its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.19. The business had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. Amazon.com’s revenue was up 13.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.21 earnings per share. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 4.08 earnings per share for the current fiscal 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.