Breakwater Capital Group Purchases 1,141 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Breakwater Capital Group lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 5.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,170 shares of the e-commerce giant’s stock after acquiring an additional 1,141 shares during the quarter. Amazon.com accounts for 1.0% of Breakwater Capital Group’s portfolio, making the stock its 26th largest position. Breakwater Capital Group’s holdings in Amazon.com were worth $3,431,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Fiduciary Planning LLC increased its position in shares of Amazon.com by 1.5% during the first quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock worth $1,138,000 after purchasing an additional 5 shares in the last quarter. HBC Financial Services PLLC increased its position in shares of Amazon.com by 0.8% during the first quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock worth $1,717,000 after purchasing an additional 5 shares in the last quarter. Meridian Investment Counsel Inc. increased its position in shares of Amazon.com by 3.4% during the first quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock worth $492,000 after purchasing an additional 5 shares in the last quarter. Alterna Wealth Management Inc. increased its position in shares of Amazon.com by 1.8% during the first quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock worth $942,000 after purchasing an additional 5 shares in the last quarter. Finally, Archetype Wealth Partners increased its position in shares of Amazon.com by 3.7% during the first quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock worth $552,000 after purchasing an additional 6 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AMZN. Bank of America upped their price target on Amazon.com from $185.00 to $204.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. BMO Capital Markets initiated coverage on Amazon.com in a research report on Tuesday, January 9th. They issued an “outperform” rating and a $200.00 target price on the stock. Piper Sandler upped their target price on Amazon.com from $185.00 to $205.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Benchmark upped their target price on Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Finally, Wolfe Research upped their target price on Amazon.com from $195.00 to $205.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com has an average rating of “Buy” and an average price target of $202.80.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the firm’s 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 of the company’s stock, valued at approximately $18,150,723.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the firm’s 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 of the company’s stock, valued at approximately $18,150,723.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffrey P. Bezos sold 2,009,208 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $166.79, for a total transaction of $335,115,802.32. Following the completion of the transaction, the insider now directly owns 938,251,817 shares of the company’s stock, valued at approximately $156,491,020,557.43. The disclosure for this sale can be found here. Insiders sold 32,213,510 shares of company stock valued at $5,505,798,456 in the last 90 days. Company insiders own 12.30% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN stock opened at $174.63 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. Amazon.com, Inc. has a 52 week low of $101.15 and a 52 week high of $189.77. The stock has a market capitalization of $1.82 trillion, a PE ratio of 60.22, a P/E/G ratio of 1.57 and a beta of 1.16. The firm has a 50 day moving average of $177.28 and a two-hundred day moving average of $156.83.

Amazon.com (NASDAQ:AMZN) last issued 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. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The company had revenue of $169.96 billion during the quarter, compared to analysts’ expectations of $165.96 billion. During the same quarter last year, the company posted $0.21 EPS. The firm’s revenue was up 13.9% compared to the same quarter last year. On average, research analysts predict that Amazon.com, Inc. will post 4.1 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.