Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Centurion Wealth Management LLC

Centurion Wealth Management LLC lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,099 shares of the e-commerce giant’s stock after buying an additional 308 shares during the period. Amazon.com makes up about 1.0% of Centurion Wealth Management LLC’s investment portfolio, making the stock its 19th largest holding. Centurion Wealth Management LLC’s holdings in Amazon.com were worth $2,446,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Lake Hills Wealth Management LLC boosted its holdings in Amazon.com by 0.8% in the fourth quarter. Lake Hills Wealth Management LLC now owns 7,985 shares of the e-commerce giant’s stock worth $1,213,000 after purchasing an additional 65 shares in the last quarter. Veery Capital LLC boosted its holdings in Amazon.com by 1.1% in the fourth quarter. Veery Capital LLC now owns 5,890 shares of the e-commerce giant’s stock worth $895,000 after purchasing an additional 66 shares in the last quarter. Bellwether Advisors LLC grew its position in shares of Amazon.com by 2.3% in the fourth quarter. Bellwether Advisors LLC now owns 2,936 shares of the e-commerce giant’s stock valued at $446,000 after purchasing an additional 66 shares during the last quarter. StrategIQ Financial Group LLC grew its position in shares of Amazon.com by 0.3% in the fourth quarter. StrategIQ Financial Group LLC now owns 23,259 shares of the e-commerce giant’s stock valued at $3,534,000 after purchasing an additional 66 shares during the last quarter. Finally, Marion Wealth Management grew its position in shares of Amazon.com by 1.6% in the fourth quarter. Marion Wealth Management now owns 4,321 shares of the e-commerce giant’s stock valued at $657,000 after purchasing an additional 67 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Trading Up 1.3 %

AMZN opened at $179.54 on Wednesday. The stock has a market capitalization of $1.87 trillion, a P/E ratio of 61.91, a P/E/G ratio of 1.52 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 firm’s fifty day simple moving average is $177.60 and its 200 day simple moving average is $157.99. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating the consensus estimate of $0.81 by $0.19. The business had revenue of $169.96 billion for the quarter, compared to analysts’ expectations of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The firm’s revenue was up 13.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.21 EPS. As a group, research analysts anticipate that Amazon.com, Inc. will post 4.1 EPS for the current fiscal year.

Insider Activity at Amazon.com

In related news, insider Jeffrey P. Bezos sold 5,998,849 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the sale, the insider now directly owns 982,252,968 shares of the company’s stock, valued at approximately $167,140,165,034.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the sale, the chief executive officer now directly owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the sale, 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. In the last ninety days, insiders have sold 32,214,010 shares of company stock valued at $5,505,889,146. 10.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on AMZN shares. Bank of America raised their price target on Amazon.com from $185.00 to $204.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Canaccord Genuity Group lifted their target price on Amazon.com from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Wedbush reissued an “outperform” rating and set a $220.00 target price on shares of Amazon.com in a research report on Wednesday, April 10th. Barclays raised their price target on shares of Amazon.com from $190.00 to $220.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Finally, JMP Securities raised their price target on shares of Amazon.com from $175.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Amazon.com currently has a consensus rating of “Buy” and a consensus price target of $203.13.

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.