PUREfi Wealth LLC Purchases New Shares in Amazon.com, Inc. (NASDAQ:AMZN)

PUREfi Wealth LLC acquired a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the fourth quarter, HoldingsChannel reports. The fund acquired 15,159 shares of the e-commerce giant’s stock, valued at approximately $3,326,000. Amazon.com comprises about 3.3% of PUREfi Wealth LLC’s portfolio, making the stock its 5th largest holding.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMZN. Sage Advisors LLC boosted its position in Amazon.com by 10.0% in the 4th quarter. Sage Advisors LLC now owns 27,629 shares of the e-commerce giant’s stock valued at $6,062,000 after buying an additional 2,504 shares during the last quarter. Adell Harriman & Carpenter Inc. lifted its stake in shares of Amazon.com by 3.6% during the fourth quarter. Adell Harriman & Carpenter Inc. now owns 215,506 shares of the e-commerce giant’s stock valued at $47,280,000 after acquiring an additional 7,456 shares during the period. PICTET BANK & TRUST Ltd lifted its stake in shares of Amazon.com by 0.8% during the fourth quarter. PICTET BANK & TRUST Ltd now owns 59,380 shares of the e-commerce giant’s stock valued at $13,027,000 after acquiring an additional 475 shares during the period. Bank Pictet & Cie Europe AG boosted its holdings in Amazon.com by 2.8% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant’s stock valued at $442,481,000 after acquiring an additional 54,987 shares during the last quarter. Finally, Latko Wealth Management Ltd. increased its position in Amazon.com by 4.3% in the fourth quarter. Latko Wealth Management Ltd. now owns 1,752 shares of the e-commerce giant’s stock worth $384,000 after purchasing an additional 72 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on AMZN. Tigress Financial upped their target price on shares of Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Loop Capital increased their price objective on shares of Amazon.com from $275.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Sanford C. Bernstein lifted their target price on shares of Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a report on Wednesday, December 18th. DA Davidson upped their target price on shares of Amazon.com from $235.00 to $280.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Finally, Scotiabank raised their price target on Amazon.com from $246.00 to $306.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 24th. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $260.65.

Amazon.com Stock Down 2.5 %

Shares of AMZN stock opened at $193.89 on Friday. The firm’s fifty day moving average price is $222.18 and its two-hundred day moving average price is $207.10. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The firm has a market capitalization of $2.05 trillion, a P/E ratio of 35.06, a PEG ratio of 1.50 and a beta of 1.19.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. On average, equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In other news, VP Shelley Reynolds sold 8,833 shares of Amazon.com stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $222.47, for a total value of $1,965,077.51. Following the completion of the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $26,647,456.60. This trade represents a 6.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 5,501 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the completion of the sale, the chief executive officer now directly owns 505,318 shares in the company, valued at approximately $115,434,843.92. The trade was a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 102,298 shares of company stock worth $22,871,828 in the last 90 days. Corporate insiders own 10.80% of the company’s stock.

About Amazon.com

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.