Certus Wealth Management LLC Purchases New Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Certus Wealth Management LLC bought a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 1,004 shares of the e-commerce giant’s stock, valued at approximately $234,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Northwest & Ethical Investments L.P. grew its position in shares of Amazon.com by 47.5% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 278,489 shares of the e-commerce giant’s stock valued at $61,096,000 after buying an additional 89,634 shares during the last quarter. Berkshire Capital Holdings Inc. raised its position in shares of Amazon.com by 799,000.0% during the 4th quarter. Berkshire Capital Holdings Inc. now owns 79,910 shares of the e-commerce giant’s stock worth $17,531,000 after purchasing an additional 79,900 shares during the period. Symmetry Partners LLC lifted its holdings in shares of Amazon.com by 7.2% in the 4th quarter. Symmetry Partners LLC now owns 11,008 shares of the e-commerce giant’s stock worth $2,415,000 after purchasing an additional 739 shares during the last quarter. Maestria Partners LLC bought a new position in Amazon.com during the 4th quarter worth $27,292,000. Finally, Berkeley Capital Partners LLC lifted its stake in Amazon.com by 2.1% in the fourth quarter. Berkeley Capital Partners LLC now owns 10,498 shares of the e-commerce giant’s stock valued at $2,303,000 after buying an additional 212 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Amazon.com

In related news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 2,118,886 shares of the company’s stock, valued at approximately $467,532,195.90. This trade represents a 0.97 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas J. Herrington sold 5,501 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total value of $1,256,648.44. Following the transaction, the chief executive officer now owns 505,318 shares in the company, valued at approximately $115,434,843.92. This trade represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 104,798 shares of company stock valued at $23,341,803. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Trading Down 3.1 %

Shares of NASDAQ:AMZN opened at $167.32 on Tuesday. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $1.77 trillion, a P/E ratio of 30.26, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. The firm has a fifty day moving average of $197.21 and a two-hundred day moving average of $208.09.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. On average, equities analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on AMZN. Wolfe Research increased their price objective on shares of Amazon.com from $250.00 to $270.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Mizuho decreased their price objective on Amazon.com from $285.00 to $255.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. DA Davidson cut their target price on Amazon.com from $280.00 to $230.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Scotiabank lowered their price target on Amazon.com from $306.00 to $250.00 and set a “sector outperform” rating on the stock in a report on Monday. Finally, Raymond James reaffirmed an “outperform” rating and issued a $195.00 price objective (down previously from $275.00) on shares of Amazon.com in a report on Monday. Two research analysts have rated the stock with a hold rating and forty-five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $249.90.

Amazon.com Profile

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.