One Wealth Management Investment & Advisory Services LLC Takes $8.74 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

One Wealth Management Investment & Advisory Services LLC purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN) in the 4th quarter, Holdings Channel reports. The firm purchased 57,544 shares of the e-commerce giant’s stock, valued at approximately $8,743,000. Amazon.com makes up 3.9% of One Wealth Management Investment & Advisory Services LLC’s portfolio, making the stock its 4th largest position.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Global Assets Advisory LLC grew its holdings in shares of Amazon.com by 1.7% in the 4th quarter. Global Assets Advisory LLC now owns 21,450 shares of the e-commerce giant’s stock valued at $3,259,000 after buying an additional 367 shares during the period. Means Investment CO. Inc. grew its holdings in shares of Amazon.com by 0.7% in the 4th quarter. Means Investment CO. Inc. now owns 239,073 shares of the e-commerce giant’s stock valued at $36,325,000 after buying an additional 1,733 shares during the period. Zweig DiMenna Associates LLC grew its holdings in shares of Amazon.com by 9.2% in the 4th quarter. Zweig DiMenna Associates LLC now owns 316,655 shares of the e-commerce giant’s stock valued at $48,113,000 after buying an additional 26,700 shares during the period. Nisa Investment Advisors LLC boosted its stake in Amazon.com by 1.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,977,232 shares of the e-commerce giant’s stock worth $300,421,000 after purchasing an additional 20,075 shares during the period. Finally, Firethorn Wealth Partners LLC boosted its stake in Amazon.com by 7.3% in the 4th quarter. Firethorn Wealth Partners LLC now owns 10,096 shares of the e-commerce giant’s stock worth $1,534,000 after purchasing an additional 688 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insiders Place Their Bets

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the transaction, the chief executive officer now owns 116,560 shares in the company, valued at approximately $18,150,723.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on 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 owns 116,560 shares in the company, valued at approximately $18,150,723.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total transaction of $523,807.00. Following the sale, the vice president now owns 119,780 shares in the company, valued at approximately $20,239,226.60. The disclosure for this sale can be found here. Insiders have sold a total of 32,214,010 shares of company stock worth $5,505,889,146 in the last quarter. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $176.59 on Thursday. The company’s 50 day moving average price is $177.71 and its two-hundred day moving average price is $158.12. Amazon.com, Inc. has a 12-month low of $101.15 and a 12-month high of $189.77. The firm has a market cap of $1.83 trillion, a PE ratio of 60.89, a PEG ratio of 1.54 and a beta of 1.16. 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 announced its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The firm had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. During the same quarter in the prior year, the business posted $0.21 EPS. The business’s revenue was up 13.9% compared to the same quarter last year. Equities research analysts predict that Amazon.com, Inc. will post 4.1 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on AMZN shares. Sanford C. Bernstein upped their target price on shares of Amazon.com from $175.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Susquehanna upped their target price on shares of Amazon.com from $185.00 to $220.00 and gave the stock a “positive” rating in a research note on Friday, February 2nd. Maxim Group started coverage on shares of Amazon.com in a research note on Wednesday, April 17th. They issued a “buy” rating and a $218.00 target price for the company. The Goldman Sachs Group upped their target price on shares of Amazon.com from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Finally, Raymond James upped their target price on shares of Amazon.com from $185.00 to $200.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com 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.