Bleakley Financial Group LLC Has $40.62 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Bleakley Financial Group LLC grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.7% during the 4th quarter, HoldingsChannel reports. The firm owned 267,309 shares of the e-commerce giant’s stock after purchasing an additional 4,509 shares during the quarter. Amazon.com comprises about 1.3% of Bleakley Financial Group LLC’s portfolio, making the stock its 13th largest holding. Bleakley Financial Group LLC’s holdings in Amazon.com were worth $40,615,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Landmark Financial Advisors LLC boosted its holdings in shares of Amazon.com by 2.7% in the third quarter. Landmark Financial Advisors LLC now owns 8,907 shares of the e-commerce giant’s stock valued at $1,132,000 after buying an additional 236 shares during the period. Cypress Wealth Services LLC lifted its position in Amazon.com by 3.9% in the 3rd quarter. Cypress Wealth Services LLC now owns 20,370 shares of the e-commerce giant’s stock valued at $2,589,000 after acquiring an additional 759 shares in the last quarter. Divergent Planning LLC boosted its stake in Amazon.com by 4.6% in the 3rd quarter. Divergent Planning LLC now owns 1,792 shares of the e-commerce giant’s stock worth $230,000 after purchasing an additional 79 shares during the period. Worth Financial Advisory Group LLC increased its holdings in Amazon.com by 5.3% during the 3rd quarter. Worth Financial Advisory Group LLC now owns 28,912 shares of the e-commerce giant’s stock worth $3,675,000 after purchasing an additional 1,450 shares in the last quarter. Finally, Thrive Wealth Management LLC raised its stake in shares of Amazon.com by 71.8% in the 3rd quarter. Thrive Wealth Management LLC now owns 23,488 shares of the e-commerce giant’s stock valued at $2,986,000 after purchasing an additional 9,813 shares during the period. 72.20% of the stock is owned by institutional investors.

Insider Buying and Selling at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total transaction of $92,000.00. Following the completion of the sale, the chief executive officer now owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $184.00, for a total transaction of $92,000.00. Following the completion of the sale, the chief executive officer now directly owns 131,600 shares in the company, valued at $24,214,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey P. Bezos sold 2,009,208 shares of Amazon.com stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $166.79, for a total value of $335,115,802.32. Following the completion of the transaction, the insider now owns 938,251,817 shares in the company, valued at approximately $156,491,020,557.43. The disclosure for this sale can be found here. Insiders have sold a total of 32,214,010 shares of company stock valued at $5,505,889,146 in the last ninety days. 10.30% of the stock is currently owned by company insiders.

Amazon.com Trading Down 1.7 %

Shares of NASDAQ:AMZN opened at $173.67 on Friday. The business’s 50 day simple moving average is $177.79 and its 200 day simple moving average is $158.23. Amazon.com, Inc. has a 1 year low of $101.15 and a 1 year high of $189.77. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84. The company has a market capitalization of $1.80 trillion, a P/E ratio of 59.89, a P/E/G ratio of 1.56 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last released 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 company had revenue of $169.96 billion for 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% on a year-over-year basis. During the same period in the prior year, the firm posted $0.21 EPS. On average, research analysts anticipate that Amazon.com, Inc. will post 4.1 EPS for the current fiscal year.

Analyst Ratings Changes

AMZN has been the subject of a number of research reports. Bank of America increased their price objective on Amazon.com from $185.00 to $204.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Raymond James lifted their price objective on shares of Amazon.com from $185.00 to $200.00 and gave the company a “strong-buy” rating in a report on Friday, February 2nd. Morgan Stanley boosted their price objective on shares of Amazon.com from $185.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Wedbush raised their target price on shares of Amazon.com from $220.00 to $225.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, The Goldman Sachs Group lifted their price target on shares of Amazon.com from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Amazon.com currently has an average rating of “Buy” and a consensus target price of $205.13.

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.