UP Strategic Wealth Investment Advisors LLC Buys 2,640 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

UP Strategic Wealth Investment Advisors LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 27.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 12,380 shares of the e-commerce giant's stock after purchasing an additional 2,640 shares during the period. Amazon.com makes up approximately 2.7% of UP Strategic Wealth Investment Advisors LLC's portfolio, making the stock its 10th biggest holding. UP Strategic Wealth Investment Advisors LLC's holdings in Amazon.com were worth $2,716,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Momentous Wealth Management Inc. acquired a new stake in Amazon.com in the 4th quarter worth about $749,000. Segall Bryant & Hamill LLC lifted its stake in Amazon.com by 14.3% during the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock worth $69,572,000 after purchasing an additional 39,696 shares in the last quarter. Evergreen Capital Management LLC increased its position in shares of Amazon.com by 0.5% during the fourth quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock worth $53,213,000 after acquiring an additional 1,198 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Amazon.com by 173.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant's stock worth $759,434,000 after acquiring an additional 2,196,353 shares during the period. Finally, Keyvantage Wealth LLC purchased a new position in Amazon.com in the fourth quarter valued at $2,735,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 5,501 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total value of $1,256,648.44. Following the completion of the transaction, the chief executive officer now owns 505,318 shares in the company, valued at approximately $115,434,843.92. This represents a 1.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the company's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the completion of the transaction, the chief executive officer now owns 2,118,886 shares of the company's stock, valued at approximately $467,532,195.90. This trade represents a 0.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 80,798 shares of company stock worth $17,696,733 over the last quarter. 9.70% of the stock is owned by company insiders.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $205.59 on Monday. The firm has a market cap of $2.18 trillion, a PE ratio of 37.18, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. The firm's 50-day simple moving average is $189.33 and its 200-day simple moving average is $208.77. 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 1 year low of $151.61 and a 1 year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion for the quarter, compared to analyst estimates 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 quarter in the prior year, the business posted $0.98 EPS. Equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on AMZN. Needham & Company LLC reissued a "buy" rating and issued a $220.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Wedbush restated an "outperform" rating and issued a $235.00 price objective (up previously from $225.00) on shares of Amazon.com in a research report on Friday, May 2nd. Citigroup reaffirmed an "outperform" rating on shares of Amazon.com in a report on Friday, May 2nd. Phillip Securities cut shares of Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a research note on Monday, February 10th. Finally, DA Davidson lowered their target price on shares of Amazon.com from $280.00 to $230.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Four research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. According to data from MarketBeat, Amazon.com currently has a consensus rating of "Moderate Buy" and a consensus target price of $244.09.

Amazon.com Company 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.

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