CreativeOne Wealth LLC Raises Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

CreativeOne Wealth LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 48.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 181,991 shares of the e-commerce giant's stock after purchasing an additional 59,192 shares during the period. Amazon.com comprises approximately 1.2% of CreativeOne Wealth LLC's portfolio, making the stock its 13th biggest holding. CreativeOne Wealth LLC's holdings in Amazon.com were worth $39,927,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of AMZN. Accordant Advisory Group Inc lifted its position in Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after purchasing an additional 100 shares during the last quarter. Prudent Man Investment Management Inc. purchased a new position in Amazon.com in the 4th quarter worth about $27,000. LSV Asset Management purchased a new position in shares of Amazon.com in the 4th quarter worth $35,000. Perritt Capital Management Inc boosted its stake in shares of Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after acquiring an additional 80 shares during the last quarter. Finally, Quattro Financial Advisors LLC increased its holdings in Amazon.com by 23.8% in the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock worth $51,000 after acquiring an additional 45 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Insider Activity at Amazon.com

In other news, CFO Brian T. Olsavsky sold 14,620 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $223.14, for a total value of $3,262,306.80. Following the completion of the sale, the chief financial officer now directly owns 49,000 shares in the company, valued at $10,933,860. This represents a 22.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $190.67, for a total transaction of $476,675.00. Following the sale, the chief executive officer now owns 506,974 shares of the company's stock, valued at approximately $96,664,732.58. The trade was a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 107,298 shares of company stock valued at $23,818,478 over the last 90 days. Insiders own 9.70% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on AMZN shares. Wells Fargo & Company reduced their price objective on Amazon.com from $207.00 to $203.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 25th. JMP Securities reaffirmed a "market outperform" rating on shares of Amazon.com in a research note on Tuesday. Loop Capital boosted their price target 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. The Goldman Sachs Group decreased their price target on shares of Amazon.com from $255.00 to $220.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Finally, StockNews.com lowered Amazon.com from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Four equities research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. Based on data from MarketBeat, Amazon.com presently has an average rating of "Moderate Buy" and an average price target of $244.09.

Amazon.com Price Performance

AMZN stock traded up $0.98 during mid-day trading on Friday, hitting $193.06. The company had a trading volume of 29,609,499 shares, compared to its average volume of 41,721,953. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The company has a 50-day moving average price of $188.50 and a 200 day moving average price of $207.95. The company has a market capitalization of $2.05 trillion, a price-to-earnings ratio of 34.91, a P/E/G ratio of 1.50 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The business had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. During the same quarter in the previous year, the business earned $0.98 earnings per share. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. On average, research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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.