United Capital Financial Advisors LLC Purchases 6,721 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

United Capital Financial Advisors LLC boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 546,334 shares of the e-commerce giant's stock after buying an additional 6,721 shares during the quarter. Amazon.com comprises 1.0% of United Capital Financial Advisors LLC's portfolio, making the stock its 19th biggest holding. United Capital Financial Advisors LLC's holdings in Amazon.com were worth $119,860,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Norges Bank bought a new position in Amazon.com during the fourth quarter worth about $27,266,582,000. Vanguard Group Inc. raised its stake in shares of Amazon.com by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock valued at $180,637,081,000 after acquiring an additional 17,635,391 shares during the last quarter. Proficio Capital Partners LLC raised its stake in shares of Amazon.com by 17,054.5% in the fourth quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant's stock valued at $2,652,116,000 after acquiring an additional 12,018,120 shares during the last quarter. State Street Corp raised its stake in shares of Amazon.com by 3.3% in the third quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant's stock valued at $66,926,008,000 after acquiring an additional 11,370,309 shares during the last quarter. Finally, APG Asset Management N.V. raised its stake in shares of Amazon.com by 1,782.4% in the fourth quarter. APG Asset Management N.V. now owns 7,269,638 shares of the e-commerce giant's stock valued at $1,540,208,000 after acquiring an additional 6,883,447 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the sale, the chief executive officer now owns 509,474 shares in the company, valued at $95,776,017.26. This represents a 0.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction on 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 sale, the vice president now owns 119,780 shares in the company, valued at approximately $26,647,456.60. This trade represents a 6.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 107,298 shares of company stock worth $23,818,478 in the last 90 days. Corporate insiders own 9.70% of the company's stock.

Amazon.com Stock Up 1.3%

NASDAQ AMZN traded up $2.73 during trading on Tuesday, hitting $211.37. The stock had a trading volume of 55,966,898 shares, compared to its average volume of 41,981,128. The company has a market capitalization of $2.24 trillion, a PE ratio of 38.22, a P/E/G ratio of 1.50 and a beta of 1.30. The company's 50-day moving average price is $188.50 and its two-hundred day moving average price is $208.25. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The company had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. During the same quarter in the prior year, the business posted $0.98 EPS. The business's revenue was up 8.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analyst Weigh In

AMZN has been the topic of several research reports. UBS Group reaffirmed a "buy" rating on shares of Amazon.com in a report on Tuesday, May 6th. Rosenblatt Securities upped their price objective on Amazon.com from $287.00 to $288.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Tigress Financial upped their price objective on Amazon.com from $290.00 to $305.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Raymond James reaffirmed an "outperform" rating and set a $195.00 price objective (down previously from $275.00) on shares of Amazon.com in a report on Monday, April 21st. Finally, Truist Financial reduced their price objective on Amazon.com from $265.00 to $230.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Four equities research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Amazon.com presently has an average rating of "Moderate Buy" and a consensus target price of $244.09.

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.