Waterfront Wealth Inc. Purchases 476 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Waterfront Wealth Inc. raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 15,017 shares of the e-commerce giant’s stock after buying an additional 476 shares during the period. Waterfront Wealth Inc.’s holdings in Amazon.com were worth $2,282,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in AMZN. PayPay Securities Corp lifted its holdings in Amazon.com by 54.3% during the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after acquiring an additional 94 shares during the period. E Fund Management Hong Kong Co. Ltd. boosted its position in Amazon.com by 45.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after purchasing an additional 86 shares during the period. Bruce G. Allen Investments LLC purchased a new position in Amazon.com in the 4th quarter valued at approximately $57,000. Authentikos Wealth Advisory LLC purchased a new position in shares of Amazon.com in the third quarter valued at $49,000. Finally, AM Squared Ltd purchased a new position in Amazon.com during the 3rd quarter valued at about $76,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $188.76 on Wednesday. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $1.96 trillion, a price-to-earnings ratio of 52.87, a price-to-earnings-growth ratio of 1.35 and a beta of 1.15. Amazon.com, Inc. has a 12-month low of $104.70 and a 12-month high of $189.94. The firm has a 50 day moving average of $179.60 and a 200 day moving average of $161.63.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.15. The company had revenue of $143.31 billion during the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.31 EPS. On average, research analysts anticipate that Amazon.com, Inc. will post 4.67 earnings per share for the current year.

Insider Activity

In other news, CEO Douglas J. Herrington sold 14,300 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $175.00, for a total value of $2,502,500.00. Following the transaction, the chief executive officer now owns 499,831 shares of the company’s stock, valued at $87,470,425. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Douglas J. Herrington sold 14,300 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $175.00, for a total transaction of $2,502,500.00. Following the completion of the transaction, the chief executive officer now directly owns 499,831 shares of the company’s stock, valued at $87,470,425. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Jonathan Rubinstein sold 12,133 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $171.00, for a total transaction of $2,074,743.00. Following the completion of the sale, the director now owns 115,220 shares in the company, valued at approximately $19,702,620. The disclosure for this sale can be found here. Insiders have sold 26,197,961 shares of company stock worth $4,482,244,357 over the last ninety days. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on AMZN shares. JMP Securities restated a “market outperform” rating and issued a $225.00 target price on shares of Amazon.com in a research note on Wednesday, May 1st. Barclays upped their price target on shares of Amazon.com from $220.00 to $230.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Stifel Nicolaus raised their target price on shares of Amazon.com from $224.00 to $228.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Needham & Company LLC restated a “buy” rating and set a $205.00 price target on shares of Amazon.com in a report on Wednesday, May 1st. Finally, Sanford C. Bernstein upped their price objective on shares of Amazon.com from $175.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $211.62.

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.