StoneCrest Wealth Management Inc. Boosts Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

StoneCrest Wealth Management Inc. lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 30,436 shares of the e-commerce giant’s stock after buying an additional 155 shares during the period. Amazon.com accounts for approximately 4.4% of StoneCrest Wealth Management Inc.’s holdings, making the stock its 4th biggest position. StoneCrest Wealth Management Inc.’s holdings in Amazon.com were worth $6,677,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hoese & Co LLP acquired a new stake in shares of Amazon.com during the 3rd quarter worth approximately $37,000. Bull Oak Capital LLC acquired a new position in shares of Amazon.com during the third quarter valued at $45,000. Values First Advisors Inc. bought a new position in shares of Amazon.com during the third quarter worth about $56,000. IFS Advisors LLC increased its holdings in shares of Amazon.com by 1,625.0% in the 4th quarter. IFS Advisors LLC now owns 345 shares of the e-commerce giant’s stock worth $76,000 after acquiring an additional 325 shares during the period. Finally, West Financial Advisors LLC bought a new stake in Amazon.com in the 4th quarter valued at about $88,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on AMZN. Wedbush restated an “outperform” rating and issued a $280.00 target price (up previously from $260.00) on shares of Amazon.com in a research report on Monday. Needham & Company LLC reiterated a “buy” rating and set a $250.00 price target on shares of Amazon.com in a research report on Tuesday, January 21st. Bank of America raised their price target on Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a report on Friday, November 1st. Truist Financial upped their price objective on shares of Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, HSBC raised their target price on shares of Amazon.com from $225.00 to $270.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Two investment analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $249.46.

Amazon.com Stock Performance

AMZN stock opened at $237.07 on Thursday. The firm has a 50 day simple moving average of $221.62 and a 200 day simple moving average of $198.03. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $241.77. The stock has a market cap of $2.49 trillion, a P/E ratio of 50.76, a P/E/G ratio of 1.31 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same quarter last year, the business posted $0.85 EPS. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. Research analysts anticipate that Amazon.com, Inc. will post 5.39 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, Director Jonathan Rubinstein sold 4,351 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the sale, the director now directly owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. This trade represents a 4.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $210.00, for a total transaction of $735,000.00. Following the transaction, the chief executive officer now directly owns 524,567 shares in the company, valued at $110,159,070. This trade represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,032,344 shares of company stock worth $1,253,456,822 over the last ninety days. 10.80% of the stock is currently owned by insiders.

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.