Momentous Wealth Management Inc. Acquires Shares of 3,412 Amazon.com, Inc. (NASDAQ:AMZN)

Momentous Wealth Management Inc. bought a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,412 shares of the e-commerce giant’s stock, valued at approximately $749,000. Amazon.com comprises about 0.6% of Momentous Wealth Management Inc.’s investment portfolio, making the stock its 14th largest holding.

A number of other large investors have also made changes to their positions in the stock. Florida Financial Advisors LLC lifted its position in Amazon.com by 14.2% during the fourth quarter. Florida Financial Advisors LLC now owns 10,208 shares of the e-commerce giant’s stock worth $2,180,000 after buying an additional 1,273 shares in the last quarter. Aire Advisors LLC raised its holdings in shares of Amazon.com by 9.5% during the 4th quarter. Aire Advisors LLC now owns 29,871 shares of the e-commerce giant’s stock worth $6,553,000 after acquiring an additional 2,581 shares during the period. Meiji Yasuda Asset Management Co Ltd. boosted its position in shares of Amazon.com by 3.8% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 329,362 shares of the e-commerce giant’s stock valued at $72,259,000 after acquiring an additional 11,905 shares during the last quarter. Baxter Bros Inc. grew its holdings in shares of Amazon.com by 3.2% in the fourth quarter. Baxter Bros Inc. now owns 31,002 shares of the e-commerce giant’s stock valued at $6,802,000 after purchasing an additional 971 shares during the period. Finally, Keystone Investors PTE Ltd. raised its stake in Amazon.com by 183.0% during the fourth quarter. Keystone Investors PTE Ltd. now owns 481,238 shares of the e-commerce giant’s stock worth $105,579,000 after purchasing an additional 311,214 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the sale, the chief executive officer now owns 509,474 shares in the company, valued at $95,776,017.26. This trade represents a 0.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Brian T. Olsavsky sold 14,620 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $223.14, for a total transaction of $3,262,306.80. Following the transaction, the chief financial officer now directly owns 49,000 shares in the company, valued at $10,933,860. The trade was a 22.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 104,798 shares of company stock valued at $23,341,803 over the last 90 days. 10.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

AMZN has been the subject of a number of recent analyst reports. Oppenheimer raised their price target on shares of Amazon.com from $230.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. JMP Securities cut their target price on Amazon.com from $285.00 to $240.00 and set a “market outperform” rating for the company in a research note on Monday, April 14th. Jefferies Financial Group reduced their target price on Amazon.com from $250.00 to $240.00 and set a “buy” rating on the stock in a research report on Tuesday. Westpark Capital started coverage on Amazon.com in a report on Tuesday, April 1st. They set a “buy” rating and a $280.00 price target for the company. Finally, Loop Capital boosted their price objective on shares of Amazon.com from $275.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and an average price target of $247.56.

Amazon.com Stock Up 1.3 %

Shares of Amazon.com stock opened at $188.99 on Friday. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The stock has a market cap of $2.00 trillion, a price-to-earnings ratio of 34.18, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The company has a fifty day moving average price of $193.52 and a 200 day moving average price of $207.75.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (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%. Equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.