Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Blossom Wealth Management

Blossom Wealth Management increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 30.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,913 shares of the e-commerce giant’s stock after purchasing an additional 1,140 shares during the quarter. Amazon.com comprises about 2.0% of Blossom Wealth Management’s holdings, making the stock its 13th largest position. Blossom Wealth Management’s holdings in Amazon.com were worth $746,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lake Hills Wealth Management LLC lifted its holdings in shares of Amazon.com by 0.8% in 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 purchasing an additional 65 shares in the last quarter. Veery Capital LLC boosted its position in Amazon.com by 1.1% during the 4th quarter. Veery Capital LLC now owns 5,890 shares of the e-commerce giant’s stock worth $895,000 after acquiring an additional 66 shares during the period. Bellwether Advisors LLC grew its stake in Amazon.com by 2.3% during the 4th quarter. Bellwether Advisors LLC now owns 2,936 shares of the e-commerce giant’s stock valued at $446,000 after acquiring an additional 66 shares in the last quarter. StrategIQ Financial Group LLC increased its holdings in shares of Amazon.com by 0.3% in the 4th quarter. StrategIQ Financial Group LLC now owns 23,259 shares of the e-commerce giant’s stock valued at $3,534,000 after purchasing an additional 66 shares during the period. Finally, Marion Wealth Management lifted its position in shares of Amazon.com by 1.6% in the fourth quarter. Marion Wealth Management now owns 4,321 shares of the e-commerce giant’s stock worth $657,000 after purchasing an additional 67 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Performance

NASDAQ AMZN opened at $179.62 on Monday. Amazon.com, Inc. has a twelve month low of $101.15 and a twelve month high of $189.77. 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 stock has a market cap of $1.87 trillion, a P/E ratio of 61.94, a PEG ratio of 1.55 and a beta of 1.16. The company’s 50-day simple moving average is $177.99 and its 200 day simple moving average is $158.98.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, beating 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%. The company’s revenue was up 13.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.21 EPS. As a group, research analysts forecast that Amazon.com, Inc. will post 4.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Adam Selipsky sold 500 shares of the firm’s 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 completion of the sale, the chief executive officer now owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Shelley Reynolds sold 3,100 shares of the business’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 completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at $20,239,226.60. The disclosure for this sale can be found here. Insiders sold 32,214,010 shares of company stock worth $5,505,889,146 over the last three months. 10.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Canaccord Genuity Group upped their price objective on shares of Amazon.com from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Monness Crespi & Hardt lifted their price objective on Amazon.com from $170.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Wells Fargo & Company raised their price target on Amazon.com from $211.00 to $217.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. JMP Securities reissued a “market outperform” rating and issued a $225.00 price target on shares of Amazon.com in a research note on Wednesday, April 24th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $200.00 target price on shares of Amazon.com in a research note on Thursday. One investment analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $205.13.

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.