Root Financial Partners LLC Grows Position in Amazon.com, Inc. (NASDAQ:AMZN)

Root Financial Partners LLC grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 74.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,626 shares of the e-commerce giant’s stock after buying an additional 1,980 shares during the period. Root Financial Partners LLC’s holdings in Amazon.com were worth $703,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in AMZN. Wagner Wealth Management LLC lifted its holdings in Amazon.com by 1.5% in the 3rd quarter. Wagner Wealth Management LLC now owns 6,545 shares of the e-commerce giant’s stock worth $832,000 after purchasing an additional 95 shares in the last quarter. Redwood Wealth Management Group LLC raised its position in shares of Amazon.com by 2.6% during the third quarter. Redwood Wealth Management Group LLC now owns 5,611 shares of the e-commerce giant’s stock valued at $713,000 after buying an additional 143 shares during the last quarter. Riverwater Partners LLC lifted its holdings in shares of Amazon.com by 16.3% in the third quarter. Riverwater Partners LLC now owns 2,896 shares of the e-commerce giant’s stock worth $368,000 after buying an additional 406 shares in the last quarter. Dominguez Wealth Management Solutions Inc. boosted its position in shares of Amazon.com by 5.6% during the third quarter. Dominguez Wealth Management Solutions Inc. now owns 1,880 shares of the e-commerce giant’s stock worth $239,000 after acquiring an additional 100 shares during the last quarter. Finally, Sander Capital Advisors Inc. grew its stake in Amazon.com by 39.5% during the third quarter. Sander Capital Advisors Inc. now owns 121,053 shares of the e-commerce giant’s stock valued at $15,388,000 after acquiring an additional 34,249 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on AMZN. Evercore ISI boosted their price target on shares of Amazon.com from $220.00 to $225.00 and gave the stock an “outperform” rating in a research note on Wednesday. Citigroup boosted their target price on Amazon.com from $235.00 to $245.00 and gave the stock a “buy” rating in a research report on Wednesday. Maxim Group cut their price target on Amazon.com from $318.00 to $238.00 and set a “buy” rating for the company in a report on Wednesday. Wedbush reaffirmed an “outperform” rating and issued a $225.00 price objective on shares of Amazon.com in a research note on Wednesday. Finally, Wells Fargo & Company increased their target price on Amazon.com from $217.00 to $234.00 and gave the company an “overweight” rating in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $211.07.

Amazon.com Trading Up 0.8 %

NASDAQ:AMZN opened at $186.21 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.84 and a current ratio of 1.07. The firm has a 50-day simple moving average of $178.79 and a 200-day simple moving average of $159.95. Amazon.com, Inc. has a one year low of $103.31 and a one year high of $189.77. The firm has a market cap of $1.93 trillion, a P/E ratio of 52.16, a P/E/G ratio of 1.55 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. The company had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. Amazon.com’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.31 earnings per share. Equities analysts anticipate that Amazon.com, Inc. will post 4.12 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $180.29, for a total value of $631,015.00. Following the transaction, the chief executive officer now owns 509,358 shares in the company, valued at $91,832,153.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Douglas J. Herrington sold 20,200 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $169.99, for a total transaction of $3,433,798.00. Following the transaction, the chief executive officer now directly owns 514,131 shares of the company’s stock, valued at approximately $87,397,128.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $180.29, for a total value of $631,015.00. Following the completion of the sale, the chief executive officer now directly owns 509,358 shares of the company’s stock, valued at approximately $91,832,153.82. The disclosure for this sale can be found here. In the last three months, insiders sold 32,217,010 shares of company stock valued at $5,506,442,301. Corporate insiders own 10.80% of the company’s stock.

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.