Weaver Consulting Group Raises Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Weaver Consulting Group grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 16.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 14,152 shares of the e-commerce giant’s stock after buying an additional 2,035 shares during the quarter. Amazon.com accounts for about 1.0% of Weaver Consulting Group’s portfolio, making the stock its 27th biggest position. Weaver Consulting Group’s holdings in Amazon.com were worth $3,105,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Helios Capital Management PTE. Ltd. increased its position in shares of Amazon.com by 15.1% during the 2nd quarter. Helios Capital Management PTE. Ltd. now owns 40,500 shares of the e-commerce giant’s stock valued at $7,827,000 after purchasing an additional 5,300 shares during the last quarter. FAS Wealth Partners Inc. boosted its holdings in shares of Amazon.com by 2.5% in the second quarter. FAS Wealth Partners Inc. now owns 64,381 shares of the e-commerce giant’s stock worth $12,442,000 after buying an additional 1,592 shares during the last quarter. Blue Chip Partners LLC grew its position in Amazon.com by 7.2% during the second quarter. Blue Chip Partners LLC now owns 116,953 shares of the e-commerce giant’s stock valued at $22,601,000 after buying an additional 7,858 shares during the period. Coerente Capital Management increased its holdings in Amazon.com by 1.3% during the second quarter. Coerente Capital Management now owns 128,617 shares of the e-commerce giant’s stock valued at $24,855,000 after buying an additional 1,643 shares during the last quarter. Finally, AM Investment Strategies LLC raised its position in Amazon.com by 1.0% in the second quarter. AM Investment Strategies LLC now owns 279,500 shares of the e-commerce giant’s stock worth $54,013,000 after acquiring an additional 2,749 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Up 2.4 %

Shares of NASDAQ AMZN opened at $225.94 on Tuesday. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $233.00. The firm has a 50-day simple moving average of $217.91 and a two-hundred day simple moving average of $196.27. The company has a market cap of $2.38 trillion, a P/E ratio of 48.38, a PEG ratio of 1.22 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter in the prior year, the company posted $0.85 EPS. Amazon.com’s quarterly revenue was up 11.0% on a year-over-year basis. Research analysts anticipate that Amazon.com, Inc. will post 5.38 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on AMZN shares. JMP Securities reiterated a “market outperform” rating and set a $285.00 target price on shares of Amazon.com in a research report on Friday, January 10th. Royal Bank of Canada lifted their price objective on Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. UBS Group increased their target price on shares of Amazon.com from $230.00 to $264.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Roth Mkm lifted their price target on shares of Amazon.com from $220.00 to $250.00 and gave the company a “buy” rating in a report on Monday, December 9th. Finally, Jefferies Financial Group upped their price target on shares of Amazon.com from $235.00 to $275.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Two investment analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and a consensus price target of $245.65.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 2,996,362 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $208.85, for a total value of $625,790,203.70. Following the completion of the sale, the insider now owns 917,416,976 shares in the company, valued at approximately $191,602,535,437.60. The trade was a 0.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jonathan Rubinstein sold 5,004 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the transaction, the director now owns 99,396 shares in the company, valued at approximately $19,864,290.60. This represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,032,344 shares of company stock valued at $1,253,456,822 in the last three months. Company insiders own 10.80% of the company’s stock.

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.