Global Assets Advisory LLC Increases Position in Amazon.com, Inc. (NASDAQ:AMZN)

Global Assets Advisory LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 21,450 shares of the e-commerce giant’s stock after buying an additional 367 shares during the period. Amazon.com accounts for about 4.4% of Global Assets Advisory LLC’s investment portfolio, making the stock its 6th largest holding. Global Assets Advisory LLC’s holdings in Amazon.com were worth $3,259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of AMZN. Lake Hills Wealth Management LLC grew its position in Amazon.com by 0.8% during the fourth quarter. Lake Hills Wealth Management LLC now owns 7,985 shares of the e-commerce giant’s stock valued at $1,213,000 after buying an additional 65 shares during the period. Veery Capital LLC grew its position in Amazon.com by 1.1% during the fourth quarter. Veery Capital LLC now owns 5,890 shares of the e-commerce giant’s stock valued at $895,000 after buying an additional 66 shares during the period. Bellwether Advisors LLC grew its position in Amazon.com by 2.3% during the fourth quarter. Bellwether Advisors LLC now owns 2,936 shares of the e-commerce giant’s stock valued at $446,000 after buying an additional 66 shares during the period. StrategIQ Financial Group LLC grew its position in Amazon.com by 0.3% during 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 buying an additional 66 shares during the period. Finally, Marion Wealth Management grew its position in Amazon.com by 1.6% during the fourth quarter. Marion Wealth Management now owns 4,321 shares of the e-commerce giant’s stock valued at $657,000 after buying an additional 67 shares during the period. Institutional investors own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $181.38, for a total value of $90,690.00. Following the completion of the transaction, the chief executive officer now owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $181.38, for a total value of $90,690.00. Following the completion of the transaction, the chief executive officer now owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Andrew R. Jassy sold 50,000 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $168.65, for a total value of $8,432,500.00. Following the completion of the transaction, the chief executive officer now directly owns 2,014,055 shares of the company’s stock, valued at approximately $339,670,375.75. The disclosure for this sale can be found here. Insiders sold a total of 32,214,010 shares of company stock valued at $5,505,889,146 in the last quarter. 10.80% of the stock is owned by insiders.

Amazon.com Stock Performance

Shares of AMZN stock opened at $176.59 on Thursday. Amazon.com, Inc. has a 12 month low of $101.15 and a 12 month high of $189.77. The stock has a market cap of $1.83 trillion, a PE ratio of 60.89, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The company’s fifty day moving average price is $177.71 and its 200-day moving average price is $158.12.

Amazon.com (NASDAQ:AMZN) last posted its quarterly 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 firm had revenue of $169.96 billion during the quarter, compared to analyst estimates of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. Amazon.com’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.21 EPS. On average, equities analysts expect that Amazon.com, Inc. will post 4.1 EPS for the current fiscal year.

Analysts Set New Price Targets

AMZN has been the subject of several research reports. Canaccord Genuity Group increased their price target on shares of Amazon.com from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. JPMorgan Chase & Co. increased their target price on shares of Amazon.com from $190.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. UBS Group increased their target price on shares of Amazon.com from $180.00 to $198.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Barclays increased their target price on shares of Amazon.com from $190.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Finally, BMO Capital Markets increased their target price on shares of Amazon.com from $205.00 to $215.00 and gave the stock an “outperform” rating in a research report on Tuesday. One analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com currently has an average rating of “Buy” and an average target price of $204.76.

Amazon.com 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.