Wealthquest Corp Boosts Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Wealthquest Corp boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,967 shares of the e-commerce giant’s stock after acquiring an additional 411 shares during the quarter. Amazon.com accounts for approximately 0.3% of Wealthquest Corp’s investment portfolio, making the stock its 27th biggest position. Wealthquest Corp’s holdings in Amazon.com were worth $3,284,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Aurora Investment Managers LLC. purchased a new position in Amazon.com in the fourth quarter valued at $201,000. Harbor Investment Advisory LLC raised its position in Amazon.com by 1.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 301,946 shares of the e-commerce giant’s stock valued at $66,000 after purchasing an additional 3,055 shares in the last quarter. LaFleur & Godfrey LLC grew its position in shares of Amazon.com by 1.8% during the fourth quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant’s stock worth $10,839,000 after buying an additional 860 shares in the last quarter. Overbrook Management Corp increased its stake in shares of Amazon.com by 0.5% during the fourth quarter. Overbrook Management Corp now owns 138,756 shares of the e-commerce giant’s stock worth $30,442,000 after buying an additional 631 shares during the period. Finally, Cove Private Wealth LLC raised its holdings in shares of Amazon.com by 31.3% in the 4th quarter. Cove Private Wealth LLC now owns 35,757 shares of the e-commerce giant’s stock valued at $7,845,000 after purchasing an additional 8,515 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Amazon.com

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the sale, the director now directly owns 24,912 shares in the company, valued at $4,958,982.72. This represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 5,502 shares of Amazon.com stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $205.81, for a total value of $1,132,366.62. Following the sale, the chief executive officer now owns 518,911 shares of the company’s stock, valued at approximately $106,797,072.91. This represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,022,574 shares of company stock valued at $1,251,456,628 over the last quarter. Corporate insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on AMZN shares. Cantor Fitzgerald restated an “overweight” rating and set a $270.00 target price on shares of Amazon.com in a research note on Wednesday, January 22nd. Bank of America upped their target price on shares of Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a report on Friday, November 1st. Royal Bank of Canada boosted their price target on shares of Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Wolfe Research boosted their target price on Amazon.com from $250.00 to $270.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Finally, Truist Financial upped their target price on Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $252.56.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $236.17 on Thursday. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The company’s 50-day moving average price is $225.24 and its 200 day moving average price is $199.78. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The stock has a market cap of $2.48 trillion, a price-to-earnings ratio of 50.57, a PEG ratio of 1.35 and a beta of 1.15.

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.