Intellus Advisors LLC Invests $3.62 Million in Amazon.com, Inc. (NASDAQ:AMZN)

Intellus Advisors LLC acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 16,517 shares of the e-commerce giant’s stock, valued at approximately $3,624,000. Amazon.com makes up about 0.6% of Intellus Advisors LLC’s holdings, making the stock its 29th biggest holding.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Forefront Wealth Management Inc. bought a new position in shares of Amazon.com in the fourth quarter worth about $7,992,000. Sei Investments Co. increased its position in Amazon.com by 0.3% during the 4th quarter. Sei Investments Co. now owns 8,475,350 shares of the e-commerce giant’s stock worth $1,859,407,000 after purchasing an additional 21,346 shares in the last quarter. Plancorp LLC increased its position in Amazon.com by 4.5% during the 4th quarter. Plancorp LLC now owns 30,748 shares of the e-commerce giant’s stock worth $6,746,000 after purchasing an additional 1,328 shares in the last quarter. Vestor Capital LLC lifted its stake in Amazon.com by 9.9% in the 4th quarter. Vestor Capital LLC now owns 359,561 shares of the e-commerce giant’s stock valued at $78,884,000 after purchasing an additional 32,355 shares during the last quarter. Finally, Runnymede Capital Advisors Inc. bought a new stake in shares of Amazon.com during the fourth quarter worth $7,660,000. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AMZN. Telsey Advisory Group reissued an “outperform” rating and set a $275.00 price objective on shares of Amazon.com in a report on Friday, February 7th. Canaccord Genuity Group reissued a “buy” rating on shares of Amazon.com in a research note on Thursday, February 13th. Scotiabank lowered their price objective on Amazon.com from $306.00 to $250.00 and set a “sector outperform” rating for the company in a research note on Monday. Phillip Securities lowered shares of Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, February 10th. Finally, Truist Financial reduced their target price on shares of Amazon.com from $265.00 to $230.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Two analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $248.96.

Amazon.com Stock Up 3.5 %

Amazon.com stock opened at $173.18 on Wednesday. The firm has a market capitalization of $1.84 trillion, a price-to-earnings ratio of 31.32, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. The firm’s fifty day moving average price is $196.07 and its two-hundred day moving average price is $207.85. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results 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 net margin of 9.29% and a return on equity of 24.25%. On average, equities research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the transaction, the chief executive officer now directly owns 509,474 shares of the company’s stock, valued at $95,776,017.26. The trade was a 0.49 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the completion of the sale, the chief executive officer now owns 2,118,886 shares of the company’s stock, valued at approximately $467,532,195.90. The trade was a 0.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 104,798 shares of company stock valued at $23,341,803 over the last 90 days. Insiders own 10.80% of the company’s stock.

Amazon.com Company 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.