Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Bay Harbor Wealth Management LLC

Bay Harbor Wealth Management LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 999 shares of the e-commerce giant’s stock after purchasing an additional 77 shares during the period. Bay Harbor Wealth Management LLC’s holdings in Amazon.com were worth $152,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Amazon.com by 4.4% in the 3rd quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock valued at $96,350,832,000 after purchasing an additional 32,038,029 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of Amazon.com by 16,029.3% in the fourth quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock valued at $36,260,810,000 after buying an additional 23,717,254 shares during the last quarter. FMR LLC lifted its stake in shares of Amazon.com by 7.7% in the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock worth $38,403,135,000 after buying an additional 21,649,871 shares in the last quarter. Jennison Associates LLC boosted its position in Amazon.com by 28.4% during the third quarter. Jennison Associates LLC now owns 54,981,548 shares of the e-commerce giant’s stock worth $6,989,254,000 after acquiring an additional 12,176,114 shares during the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC purchased a new stake in Amazon.com during the 3rd quarter valued at about $610,138,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Amazon.com news, insider Jeffrey P. Bezos sold 5,998,849 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the transaction, the insider now directly owns 982,252,968 shares of the company’s stock, valued at approximately $167,140,165,034.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Amazon.com news, insider Jeffrey P. Bezos sold 5,998,849 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the completion of the sale, the insider now directly owns 982,252,968 shares of the company’s stock, valued at approximately $167,140,165,034.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total value of $77,860.00. Following the completion of the transaction, the chief executive officer now owns 116,560 shares in the company, valued at $18,150,723.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,214,010 shares of company stock valued at $5,505,889,146. 10.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Needham & Company LLC restated a “buy” rating and set a $205.00 target price on shares of Amazon.com in a report on Thursday, April 18th. Wells Fargo & Company boosted their price objective on Amazon.com from $211.00 to $217.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. UBS Group raised their target price on Amazon.com from $198.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. TD Cowen lifted their price target on Amazon.com from $200.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Finally, Monness Crespi & Hardt upped their price objective on shares of Amazon.com from $170.00 to $215.00 and gave the company a “buy” rating in a report on Friday, February 2nd. One analyst has 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. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $205.13.

Amazon.com Trading Up 0.7 %

AMZN opened at $180.96 on Tuesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. Amazon.com, Inc. has a one year low of $101.15 and a one year high of $189.77. The company has a market cap of $1.88 trillion, a P/E ratio of 62.40, a PEG ratio of 1.55 and a beta of 1.17. The business’s 50-day simple moving average is $178.22 and its 200-day simple moving average is $159.32.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating the consensus estimate of $0.81 by $0.19. The company had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The firm’s revenue was up 13.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.21 earnings per share. As a group, equities research analysts expect that Amazon.com, Inc. will post 4.11 EPS 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.