Affinity Wealth Management LLC Acquires 4,985 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Affinity Wealth Management LLC lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 11.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,308 shares of the e-commerce giant’s stock after purchasing an additional 4,985 shares during the period. Amazon.com comprises approximately 1.5% of Affinity Wealth Management LLC’s investment portfolio, making the stock its 19th largest holding. Affinity Wealth Management LLC’s holdings in Amazon.com were worth $7,188,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. 17 Capital Partners LLC bought a new stake in shares of Amazon.com during the 4th quarter worth $1,172,000. Avity Investment Management Inc. raised its stake in shares of Amazon.com by 1.8% during the 4th quarter. Avity Investment Management Inc. now owns 312,125 shares of the e-commerce giant’s stock worth $47,424,000 after purchasing an additional 5,561 shares during the period. Talbot Financial LLC raised its stake in shares of Amazon.com by 1.5% during the 4th quarter. Talbot Financial LLC now owns 266,841 shares of the e-commerce giant’s stock worth $40,544,000 after purchasing an additional 3,816 shares during the period. Single Point Partners LLC raised its stake in Amazon.com by 34.9% in the 4th quarter. Single Point Partners LLC now owns 4,922 shares of the e-commerce giant’s stock valued at $748,000 after acquiring an additional 1,273 shares during the period. Finally, OneAscent Wealth Management LLC raised its stake in Amazon.com by 23.9% in the 4th quarter. OneAscent Wealth Management LLC now owns 8,597 shares of the e-commerce giant’s stock valued at $1,306,000 after acquiring an additional 1,657 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Performance

Shares of AMZN stock opened at $179.83 on Thursday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. Amazon.com, Inc. has a fifty-two week low of $96.29 and a fifty-two week high of $181.41. The stock has a 50 day moving average price of $169.73 and a two-hundred day moving average price of $151.07. The company has a market capitalization of $1.87 trillion, a P/E ratio of 62.01, a PEG ratio of 1.57 and a beta of 1.17.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The firm had revenue of $169.96 billion during the quarter, compared to the consensus estimate of $165.96 billion. During the same quarter in the previous year, the company posted $0.21 earnings per share. The business’s revenue was up 13.9% on a year-over-year basis. Analysts expect that Amazon.com, Inc. will post 4.08 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on AMZN shares. Mizuho boosted their price objective on Amazon.com from $220.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Susquehanna boosted their price objective on Amazon.com from $185.00 to $220.00 and gave the company a “positive” rating in a research note on Friday, February 2nd. Wells Fargo & Company boosted their price objective on Amazon.com from $197.00 to $211.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. DA Davidson boosted their price objective on Amazon.com from $195.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Finally, Royal Bank of Canada boosted their price objective on Amazon.com from $180.00 to $215.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $197.95.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $152.78, for a total value of $76,390.00. Following the completion of the sale, the chief executive officer now owns 117,560 shares in the company, valued at $17,960,816.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $152.78, for a total transaction of $76,390.00. Following the completion of the transaction, the chief executive officer now owns 117,560 shares in the company, valued at $17,960,816.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 20,200 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 514,131 shares of the company’s stock, valued at approximately $87,397,128.69. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,210,510 shares of company stock worth $5,505,223,106. 12.70% of the stock is currently owned by insiders.

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.