Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by BlackDiamond Wealth Management LLC

BlackDiamond Wealth Management LLC lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,539 shares of the e-commerce giant’s stock after acquiring an additional 76 shares during the quarter. Amazon.com comprises approximately 1.7% of BlackDiamond Wealth Management LLC’s holdings, making the stock its 13th biggest holding. BlackDiamond Wealth Management LLC’s holdings in Amazon.com were worth $2,970,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Primecap Management Co. CA grew its stake in shares of Amazon.com by 24.7% in the fourth quarter. Primecap Management Co. CA now owns 5,494,750 shares of the e-commerce giant’s stock valued at $1,205,493,000 after buying an additional 1,089,100 shares in the last quarter. Axxcess Wealth Management LLC lifted its position in shares of Amazon.com by 1.0% during the fourth quarter. Axxcess Wealth Management LLC now owns 265,371 shares of the e-commerce giant’s stock worth $58,220,000 after purchasing an additional 2,684 shares in the last quarter. Argent Advisors Inc. grew its holdings in Amazon.com by 5.6% during the 4th quarter. Argent Advisors Inc. now owns 1,479 shares of the e-commerce giant’s stock valued at $324,000 after purchasing an additional 78 shares in the last quarter. Aspen Wealth Strategies LLC lifted its holdings in Amazon.com by 1.3% in the 4th quarter. Aspen Wealth Strategies LLC now owns 7,047 shares of the e-commerce giant’s stock worth $1,546,000 after buying an additional 87 shares in the last quarter. Finally, Nikko Asset Management Americas Inc. grew its stake in shares of Amazon.com by 59.7% during the fourth quarter. Nikko Asset Management Americas Inc. now owns 798,063 shares of the e-commerce giant’s stock valued at $175,047,000 after acquiring an additional 298,457 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 8,833 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $26,647,456.60. This represents a 6.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the sale, the chief executive officer now directly owns 2,118,886 shares of the company’s stock, valued at approximately $467,532,195.90. This represents a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 104,798 shares of company stock valued at $23,341,803. 10.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of recent analyst reports. Phillip Securities lowered Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, February 10th. Rosenblatt Securities lifted their price target on shares of Amazon.com from $236.00 to $287.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. JMP Securities reduced their price objective on shares of Amazon.com from $285.00 to $240.00 and set a “market outperform” rating on the stock in a research note on Monday, April 14th. Mizuho dropped their target price on shares of Amazon.com from $285.00 to $255.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $275.00 target price on shares of Amazon.com in a research note on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $252.73.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $172.51 on Friday. The stock’s 50 day moving average price is $198.44 and its 200 day moving average price is $207.88. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The stock has a market cap of $1.83 trillion, a price-to-earnings ratio of 31.19, a PEG ratio of 1.50 and a beta of 1.39. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Equities research analysts anticipate that Amazon.com, Inc. will post 6.31 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.