Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Delap Wealth Advisory LLC

Delap Wealth Advisory LLC grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 4.2% in the fourth quarter, HoldingsChannel reports. The fund owned 6,266 shares of the e-commerce giant’s stock after acquiring an additional 250 shares during the quarter. Amazon.com accounts for about 0.8% of Delap Wealth Advisory LLC’s portfolio, making the stock its 29th largest position. Delap Wealth Advisory LLC’s holdings in Amazon.com were worth $1,375,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Stevens Capital Partners lifted its position in shares of Amazon.com by 12.1% during the 4th quarter. Stevens Capital Partners now owns 6,320 shares of the e-commerce giant’s stock valued at $1,387,000 after buying an additional 683 shares in the last quarter. MONECO Advisors LLC lifted its holdings in Amazon.com by 4.3% during the fourth quarter. MONECO Advisors LLC now owns 59,874 shares of the e-commerce giant’s stock valued at $13,136,000 after purchasing an additional 2,462 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co lifted its holdings in Amazon.com by 0.3% during the fourth quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 18,130 shares of the e-commerce giant’s stock valued at $3,978,000 after purchasing an additional 62 shares in the last quarter. Pekin Hardy Strauss Inc. grew its position in shares of Amazon.com by 1.4% in the fourth quarter. Pekin Hardy Strauss Inc. now owns 26,959 shares of the e-commerce giant’s stock valued at $5,915,000 after purchasing an additional 360 shares during the period. Finally, Forvis Mazars Wealth Advisors LLC increased its stake in shares of Amazon.com by 1.7% during the fourth quarter. Forvis Mazars Wealth Advisors LLC now owns 57,877 shares of the e-commerce giant’s stock worth $12,698,000 after purchasing an additional 943 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Up 3.6 %

AMZN stock opened at $203.26 on Tuesday. The company has a fifty day moving average price of $218.60 and a 200 day moving average price of $208.62. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The company has a market cap of $2.15 trillion, a price-to-earnings ratio of 36.76, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data 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%. Sell-side analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Douglas J. Herrington sold 27,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total value of $6,332,425.00. Following the sale, the chief executive officer now owns 497,067 shares in the company, valued at $114,459,618.09. This represents a 5.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Brian T. Olsavsky sold 14,620 shares of Amazon.com stock in a transaction on Friday, February 21st. The stock was sold at an average price of $223.14, for a total value of $3,262,306.80. Following the transaction, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at approximately $10,933,860. This represents a 22.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 102,298 shares of company stock worth $22,871,828. Company insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Jefferies Financial Group lifted their price objective on Amazon.com from $235.00 to $275.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Sanford C. Bernstein boosted their price target on shares of Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. 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 note on Friday, December 13th. Wedbush restated an “outperform” rating and set a $280.00 target price on shares of Amazon.com in a report on Friday, February 7th. Finally, HSBC raised their target price on Amazon.com from $225.00 to $270.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.