Strategic Wealth Partners Ltd. Acquires 4,070 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Strategic Wealth Partners Ltd. boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 6.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 69,757 shares of the e-commerce giant's stock after purchasing an additional 4,070 shares during the quarter. Amazon.com comprises approximately 1.4% of Strategic Wealth Partners Ltd.'s investment portfolio, making the stock its 12th largest holding. Strategic Wealth Partners Ltd.'s holdings in Amazon.com were worth $16,070,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Norges Bank purchased a new position in Amazon.com during the 4th quarter worth $27,266,582,000. Capital World Investors boosted its holdings in Amazon.com by 36.8% during the 4th quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock worth $14,416,078,000 after acquiring an additional 17,681,004 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Amazon.com by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock worth $180,637,081,000 after acquiring an additional 17,635,391 shares during the last quarter. Proficio Capital Partners LLC boosted its holdings in Amazon.com by 17,054.5% during the 4th quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant's stock worth $2,652,116,000 after acquiring an additional 12,018,120 shares during the last quarter. Finally, Capital International Investors boosted its holdings in Amazon.com by 26.5% during the 4th quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant's stock worth $12,564,961,000 after acquiring an additional 12,000,745 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Price Performance

Shares of Amazon.com stock traded down $1.77 on Friday, reaching $203.93. The stock had a trading volume of 51,641,602 shares, compared to its average volume of 42,021,406. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The company has a market cap of $2.16 trillion, a P/E ratio of 36.88, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. 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 business's 50 day moving average is $190.57 and its two-hundred day moving average is $208.63.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results 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. The firm had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The company's revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.98 earnings per share. As a group, research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of analyst reports. Morgan Stanley cut their price objective on shares of Amazon.com from $280.00 to $245.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Bank of America cut their price objective on shares of Amazon.com from $257.00 to $225.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Stifel Nicolaus cut their price objective on shares of Amazon.com from $248.00 to $245.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Rosenblatt Securities increased their price target on shares of Amazon.com from $287.00 to $288.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Finally, Wells Fargo & Company reduced their price target on shares of Amazon.com from $207.00 to $203.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 25th. Four equities research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $244.09.

Insider Buying and Selling

In related news, Director Keith Brian Alexander sold 1,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $210.68, for a total value of $210,680.00. Following the transaction, the director now directly owns 5,465 shares in the company, valued at approximately $1,151,366.20. This represents a 15.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 2,695 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total transaction of $541,129.05. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $24,050,626.20. This trade represents a 2.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 99,537 shares of company stock worth $20,018,625. Insiders own 9.70% of the company's stock.

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.