WESPAC Advisors LLC Increases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

WESPAC Advisors LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 13.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,432 shares of the e-commerce giant’s stock after buying an additional 395 shares during the quarter. WESPAC Advisors LLC’s holdings in Amazon.com were worth $521,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of AMZN. Williams & Novak LLC purchased a new stake in Amazon.com in the 4th quarter valued at about $403,000. Segment Wealth Management LLC boosted its stake in shares of Amazon.com by 3.7% in the 4th quarter. Segment Wealth Management LLC now owns 33,070 shares of the e-commerce giant’s stock worth $5,025,000 after buying an additional 1,185 shares during the last quarter. Aull & Monroe Investment Management Corp bought a new position in shares of Amazon.com in the fourth quarter valued at approximately $225,000. Moody Aldrich Partners LLC increased its position in shares of Amazon.com by 31.9% during the fourth quarter. Moody Aldrich Partners LLC now owns 4,319 shares of the e-commerce giant’s stock valued at $656,000 after acquiring an additional 1,045 shares during the last quarter. Finally, B.O.S.S. Retirement Advisors LLC lifted its holdings in Amazon.com by 10.3% during the fourth quarter. B.O.S.S. Retirement Advisors LLC now owns 73,102 shares of the e-commerce giant’s stock worth $11,107,000 after acquiring an additional 6,854 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AMZN has been the subject of a number of recent analyst reports. Citigroup upped their price objective on Amazon.com from $215.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday. Robert W. Baird increased their price target on shares of Amazon.com from $185.00 to $205.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Maxim Group began coverage on shares of Amazon.com in a report on Wednesday, April 17th. They set a “buy” rating and a $218.00 price objective for the company. Stifel Nicolaus boosted their target price on shares of Amazon.com from $200.00 to $224.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Finally, Needham & Company LLC reissued a “buy” rating and set a $205.00 target price on shares of Amazon.com in a research report on Thursday, April 18th. One investment analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $205.13.

Insider Activity

In related news, insider Jeffrey P. Bezos sold 5,998,849 shares of the company’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 completion of the transaction, the insider now directly owns 982,252,968 shares in the company, valued at $167,140,165,034.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the transaction, 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 SEC, which is accessible through this link. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the completion of the sale, the insider now owns 982,252,968 shares of the company’s stock, valued at approximately $167,140,165,034.88. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,214,010 shares of company stock worth $5,505,889,146. 10.30% of the stock is currently owned by corporate insiders.

Amazon.com Stock Performance

Shares of AMZN opened at $179.62 on Friday. Amazon.com, Inc. has a 12-month low of $101.15 and a 12-month high of $189.77. 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 has a market cap of $1.87 trillion, a PE ratio of 61.94, a price-to-earnings-growth ratio of 1.53 and a beta of 1.16. The stock has a 50-day moving average price of $177.99 and a 200-day moving average price of $158.59.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, beating 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 business had revenue of $169.96 billion for the quarter, compared to the consensus estimate of $165.96 billion. During the same period last year, the firm posted $0.21 earnings per share. Amazon.com’s quarterly revenue was up 13.9% on a year-over-year basis. As a group, equities analysts forecast that Amazon.com, Inc. will post 4.1 earnings per share for the current fiscal 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.