Wealth Management Nebraska Purchases New Position in Amazon.com, Inc. (NASDAQ:AMZN)

Wealth Management Nebraska acquired a new position in Amazon.com, Inc. (NASDAQ:AMZN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,982 shares of the e-commerce giant’s stock, valued at approximately $654,000.

Several other institutional investors have also added to or reduced their stakes in the company. Accordant Advisory Group Inc increased its position in shares of Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after acquiring an additional 100 shares during the period. Icon Wealth Advisors LLC increased its holdings in Amazon.com by 20.5% during the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after buying an additional 25,581 shares during the period. Bull Oak Capital LLC purchased a new position in Amazon.com in the third quarter worth $45,000. Quattro Financial Advisors LLC grew its holdings in Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after purchasing an additional 45 shares during the last quarter. Finally, Compass Planning Associates Inc purchased a new position in Amazon.com in the fourth quarter worth $51,000. Institutional investors own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $220.65, for a total value of $4,585,989.60. Following the sale, the chief executive officer now directly owns 2,118,886 shares of the company’s stock, valued at approximately $467,532,195.90. This represents a 0.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 5,501 shares of the stock in a transaction that occurred on 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. This represents a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 102,298 shares of company stock worth $22,871,828. 10.80% of the stock is currently owned by insiders.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $196.21 on Monday. The company’s 50-day moving average is $218.90 and its two-hundred day moving average is $208.44. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. 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 $2.08 trillion, a price-to-earnings ratio of 35.48, a PEG ratio of 1.50 and a beta of 1.19.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping 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%. Analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Sanford C. Bernstein lifted their price objective on shares of Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 18th. Piper Sandler restated an “overweight” rating and set a $265.00 target price (up from $225.00) on shares of Amazon.com in a research report on Friday, February 7th. Scotiabank upped their price objective on shares of Amazon.com from $246.00 to $306.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 24th. JPMorgan Chase & Co. upped their price objective on shares of Amazon.com from $250.00 to $280.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Finally, Raymond James upped their price objective on shares of Amazon.com from $260.00 to $275.00 in a research report on Monday, February 10th. Two research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target 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.