IVC Wealth Advisors LLC Raises Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

IVC Wealth Advisors LLC grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 3.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,479 shares of the e-commerce giant’s stock after buying an additional 151 shares during the quarter. IVC Wealth Advisors LLC’s holdings in Amazon.com were worth $681,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mayflower Financial Advisors LLC grew its position in shares of Amazon.com by 0.3% during the third quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock worth $25,000 after purchasing an additional 572 shares in the last quarter. PayPay Securities Corp grew its position in shares of Amazon.com by 54.3% during the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 94 shares in the last quarter. Laurel Wealth Planning LLC grew its position in shares of Amazon.com by 1,900.0% during the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 304 shares in the last quarter. Sanctuary Wealth Management L.L.C. purchased a new stake in shares of Amazon.com during the fourth quarter worth about $37,000. Finally, Swaine & Leidel Wealth Services LLC purchased a new position in Amazon.com during the 1st quarter valued at approximately $38,000. Hedge funds and other institutional investors own 57.96% of the company’s stock.

Insider Activity

In related news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $145.63, for a total transaction of $72,815.00. Following the transaction, the chief executive officer now directly owns 118,560 shares in the company, valued at approximately $17,265,892.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $145.63, for a total transaction of $72,815.00. Following the transaction, the chief executive officer now directly owns 118,560 shares in the company, valued at approximately $17,265,892.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the transaction, the vice president now owns 119,780 shares in the company, valued at $20,239,226.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,210,010 shares of company stock worth $5,505,133,106. 12.30% of the stock is currently owned by company insiders.

Amazon.com Trading Up 0.4 %

Shares of NASDAQ:AMZN opened at $178.87 on Friday. Amazon.com, Inc. has a 12-month low of $96.29 and a 12-month high of $181.41. The business’s fifty day simple moving average is $168.72 and its 200-day simple moving average is $150.29. The company has a market capitalization of $1.86 trillion, a PE ratio of 61.68, a P/E/G ratio of 1.55 and a beta of 1.17. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The business had revenue of $169.96 billion for the quarter, compared to the consensus estimate of $165.96 billion. During the same period last year, the business posted $0.21 EPS. The business’s revenue was up 13.9% compared to the same quarter last year. As a group, equities research analysts predict that Amazon.com, Inc. will post 4.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on AMZN shares. DA Davidson raised their price target on Amazon.com from $195.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Wolfe Research raised their price target on Amazon.com from $195.00 to $205.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. BMO Capital Markets started coverage on Amazon.com in a report on Tuesday, January 9th. They set an “outperform” rating and a $200.00 price target for the company. Canaccord Genuity Group raised their price target on Amazon.com from $185.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com has an average rating of “Buy” and an average target price of $197.95.

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.