Waterfront Wealth Inc. Has $3.41 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Waterfront Wealth Inc. boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,534 shares of the e-commerce giant’s stock after buying an additional 731 shares during the quarter. Amazon.com makes up approximately 0.8% of Waterfront Wealth Inc.’s portfolio, making the stock its 26th biggest position. Waterfront Wealth Inc.’s holdings in Amazon.com were worth $3,408,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quattro Financial Advisors LLC lifted its holdings in shares of Amazon.com by 23.8% in the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after acquiring an additional 45 shares during the last quarter. White Wing Wealth Management raised its position in Amazon.com by 2.4% in the 4th quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant’s stock worth $433,000 after purchasing an additional 47 shares during the period. MBM Wealth Consultants LLC raised its position in Amazon.com by 0.6% in the 4th quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant’s stock worth $1,889,000 after purchasing an additional 48 shares during the period. Semus Wealth Partners LLC raised its position in Amazon.com by 0.3% in the 3rd quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant’s stock worth $3,339,000 after purchasing an additional 49 shares during the period. Finally, GGM Financials LLC raised its position in Amazon.com by 2.1% in the 4th quarter. GGM Financials LLC now owns 2,463 shares of the e-commerce giant’s stock worth $540,000 after purchasing an additional 50 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Amazon.com

In other news, CEO Douglas J. Herrington sold 27,500 shares of the company’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the transaction, the chief executive officer now owns 497,067 shares in the company, valued at approximately $114,459,618.09. This represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 8,833 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $26,647,456.60. This represents a 6.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 102,298 shares of company stock valued at $22,871,828 over the last ninety days. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Trading Up 0.6 %

NASDAQ AMZN opened at $196.21 on Friday. The company’s fifty day simple moving average is $218.90 and its 200-day simple moving average is $207.97. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The stock has a market cap of $2.08 trillion, a P/E ratio of 35.48, a PEG ratio of 1.50 and a beta of 1.19.

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AMZN. Robert W. Baird raised their target price on shares of Amazon.com from $220.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. The Goldman Sachs Group raised their target price on shares of Amazon.com from $240.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. HSBC raised their target price on shares of Amazon.com from $225.00 to $270.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Loop Capital raised their target price on shares of Amazon.com from $275.00 to $285.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Finally, Royal Bank of Canada raised their target price on shares of Amazon.com from $255.00 to $265.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and an average target price of $260.65.

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.