WealthCollab LLC Buys 312 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

WealthCollab LLC lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,240 shares of the e-commerce giant’s stock after purchasing an additional 312 shares during the period. Amazon.com comprises approximately 2.4% of WealthCollab LLC’s investment portfolio, making the stock its 13th largest holding. WealthCollab LLC’s holdings in Amazon.com were worth $3,782,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Amazon.com during the fourth quarter worth about $27,266,582,000. Capital World Investors lifted its position in Amazon.com by 36.8% in the 4th quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant’s stock worth $14,416,078,000 after buying an additional 17,681,004 shares during the last quarter. Vanguard Group Inc. lifted its position in Amazon.com by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock worth $180,637,081,000 after buying an additional 17,635,391 shares during the last quarter. Proficio Capital Partners LLC lifted its position in Amazon.com by 17,054.5% in the fourth quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant’s stock valued at $2,652,116,000 after purchasing an additional 12,018,120 shares during the last quarter. Finally, Capital International Investors lifted its position in Amazon.com by 26.5% in the fourth quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant’s stock valued at $12,564,961,000 after purchasing an additional 12,000,745 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Keith Brian Alexander sold 1,000 shares of Amazon.com stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $210.68, for a total transaction of $210,680.00. Following the sale, the director now owns 5,465 shares of the company’s stock, valued at approximately $1,151,366.20. The trade was a 15.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.00. Following the sale, the chief executive officer now directly owns 509,474 shares in the company, valued at approximately $95,776,017.26. This trade represents a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 80,081 shares of company stock valued at $17,421,044 over the last quarter. Insiders own 9.70% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN stock opened at $204.07 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company’s 50-day simple moving average is $189.68 and its 200-day simple moving average is $208.79. The stock has a market capitalization of $2.17 trillion, a price-to-earnings ratio of 36.90, a PEG ratio of 1.50 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The business had revenue of $155.67 billion for the quarter, compared to analysts’ expectations of $154.96 billion. During the same quarter last year, the company posted $0.98 earnings per share. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. Equities analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on AMZN shares. Raymond James reaffirmed an “outperform” rating and issued a $195.00 price target (down from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. Canaccord Genuity Group reissued a “buy” rating on shares of Amazon.com in a report on Thursday, February 13th. UBS Group reaffirmed a “buy” rating on shares of Amazon.com in a research note on Tuesday, May 6th. StockNews.com downgraded Amazon.com from a “buy” rating to a “hold” rating in a research note on Monday, May 5th. Finally, Maxim Group lifted their target price on Amazon.com from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Four research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $244.09.

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.