Segment Wealth Management LLC Purchases 1,185 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Segment Wealth Management LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,070 shares of the e-commerce giant’s stock after purchasing an additional 1,185 shares during the period. Segment Wealth Management LLC’s holdings in Amazon.com were worth $5,025,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Janiczek Wealth Management LLC increased its stake in Amazon.com by 95.6% in the 3rd quarter. Janiczek Wealth Management LLC now owns 14,593 shares of the e-commerce giant’s stock worth $1,855,000 after buying an additional 7,133 shares during the period. HB Wealth Management LLC grew its stake in Amazon.com by 23.8% in the 3rd quarter. HB Wealth Management LLC now owns 261,722 shares of the e-commerce giant’s stock worth $33,270,000 after acquiring an additional 50,248 shares in the last quarter. Peoples Financial Services CORP. increased its position in shares of Amazon.com by 2.1% during the third quarter. Peoples Financial Services CORP. now owns 39,541 shares of the e-commerce giant’s stock worth $5,026,000 after acquiring an additional 811 shares during the period. Redhawk Wealth Advisors Inc. raised its stake in shares of Amazon.com by 9.8% during the third quarter. Redhawk Wealth Advisors Inc. now owns 17,174 shares of the e-commerce giant’s stock valued at $2,183,000 after acquiring an additional 1,533 shares in the last quarter. Finally, Collective Family Office LLC boosted its holdings in shares of Amazon.com by 5.0% in the third quarter. Collective Family Office LLC now owns 8,794 shares of the e-commerce giant’s stock valued at $1,118,000 after purchasing an additional 417 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on AMZN shares. Barclays raised their price objective on Amazon.com from $190.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. The Goldman Sachs Group raised their price target on Amazon.com from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Robert W. Baird upped their price objective on shares of Amazon.com from $185.00 to $205.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Canaccord Genuity Group raised their target price 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. Finally, Moffett Nathanson reaffirmed a “buy” rating and issued a $228.00 price target on shares of Amazon.com in a research report on Thursday, April 11th. One analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $205.13.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $20,239,226.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was 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 in the company, valued at approximately $18,150,723.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,214,010 shares of company stock valued at $5,505,889,146. 10.30% of the stock is owned by insiders.

Amazon.com Trading Up 3.4 %

Amazon.com stock opened at $179.62 on Friday. Amazon.com, Inc. has a 52 week low of $101.15 and a 52 week high of $189.77. The stock has a 50-day moving average price of $177.99 and a 200 day moving average price of $158.59. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $1.87 trillion, a price-to-earnings ratio of 61.94, a price-to-earnings-growth ratio of 1.53 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last announced 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 during 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 business’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.21 EPS. Sell-side analysts anticipate that Amazon.com, Inc. will post 4.1 EPS for the current year.

About Amazon.com

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.