Smallwood Wealth Investment Management LLC Has $517,000 Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Smallwood Wealth Investment Management LLC boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,405 shares of the e-commerce giant’s stock after purchasing an additional 259 shares during the period. Smallwood Wealth Investment Management LLC’s holdings in Amazon.com were worth $517,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Register Financial Advisors LLC lifted its position in shares of Amazon.com by 14.3% in the third quarter. Register Financial Advisors LLC now owns 5,263 shares of the e-commerce giant’s stock worth $669,000 after buying an additional 657 shares during the last quarter. Wedge Capital Management L L P NC lifted its position in shares of Amazon.com by 1.0% in the third quarter. Wedge Capital Management L L P NC now owns 14,613 shares of the e-commerce giant’s stock worth $1,858,000 after buying an additional 148 shares during the last quarter. Cherrydale Wealth Management LLC lifted its position in shares of Amazon.com by 14.7% in the fourth quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock worth $799,000 after buying an additional 675 shares during the last quarter. Tompkins Financial Corp lifted its position in shares of Amazon.com by 3.3% in the fourth quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock worth $10,875,000 after buying an additional 2,273 shares during the last quarter. Finally, Nicholas Company Inc. lifted its position in shares of Amazon.com by 3.9% in the third quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock worth $89,628,000 after buying an additional 26,465 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Down 1.1 %

NASDAQ:AMZN opened at $179.22 on Friday. The company has a market cap of $1.86 trillion, a price-to-earnings ratio of 61.80, a P/E/G ratio of 1.60 and a beta of 1.16. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. The stock’s fifty day moving average price is $177.28 and its two-hundred day moving average price is $156.52. Amazon.com, Inc. has a 52-week low of $101.15 and a 52-week high of $189.77.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. The firm had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period last year, the company earned $0.21 EPS. On average, analysts anticipate that Amazon.com, Inc. will post 4.08 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on AMZN shares. TD Cowen boosted their price target on Amazon.com from $200.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Maxim Group assumed coverage on Amazon.com in a research note on Wednesday. They issued a “buy” rating and a $218.00 price objective on the stock. Barclays lifted their price objective on Amazon.com from $190.00 to $220.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Telsey Advisory Group reiterated an “outperform” rating and issued a $200.00 price objective on shares of Amazon.com in a research note on Wednesday, March 27th. Finally, Bank of America lifted their price objective on Amazon.com from $185.00 to $204.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Amazon.com currently has a consensus rating of “Buy” and a consensus price target of $202.80.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 20,200 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $169.99, for a total value of $3,433,798.00. Following the transaction, the chief executive officer now directly owns 514,131 shares in the company, valued at approximately $87,397,128.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $184.00, for a total value of $92,000.00. Following the transaction, the chief executive officer now owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 20,200 shares of the stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $169.99, for a total value of $3,433,798.00. Following the completion of the transaction, the chief executive officer now directly owns 514,131 shares in the company, valued at approximately $87,397,128.69. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,213,510 shares of company stock worth $5,505,798,456. Insiders own 12.30% 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.