StoneCrest Wealth Management Inc. Takes $4.13 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

StoneCrest Wealth Management Inc. acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 27,202 shares of the e-commerce giant's stock, valued at approximately $4,133,000. Amazon.com comprises approximately 4.0% of StoneCrest Wealth Management Inc.'s investment portfolio, making the stock its 10th largest position.

Several other institutional investors and hedge funds have also recently modified their holdings of AMZN. Mayflower Financial Advisors LLC increased its stake in shares of Amazon.com by 0.3% in the third quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant's stock valued at $25,000 after buying an additional 572 shares during the period. PayPay Securities Corp increased its position in Amazon.com by 54.3% during the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant's stock valued at $34,000 after purchasing an additional 94 shares during the period. Laurel Wealth Planning LLC increased its position in Amazon.com by 1,900.0% during the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant's stock valued at $34,000 after purchasing an additional 304 shares during the period. Sanctuary Wealth Management L.L.C. acquired a new stake in Amazon.com during the 4th quarter valued at approximately $37,000. Finally, Swaine & Leidel Wealth Services LLC acquired a new stake in shares of Amazon.com during the 1st quarter worth approximately $38,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Performance

AMZN stock traded down $2.51 during trading on Monday, hitting $183.62. The company had a trading volume of 47,987,014 shares, compared to its average volume of 43,281,777. The firm has a market cap of $1.91 trillion, a PE ratio of 63.32, a price-to-earnings-growth ratio of 1.62 and a beta of 1.17. Amazon.com, Inc. has a 1-year low of $101.15 and a 1-year high of $189.77. The firm has a 50-day moving average price of $176.60 and a 200-day moving average price of $155.79. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, topping the consensus estimate of $0.81 by $0.19. The business had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The company's quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.21 EPS. On average, analysts expect that Amazon.com, Inc. will post 4.08 earnings per share for the current year.

Insider Activity at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of the company's stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $184.00, for a total transaction of $92,000.00. Following the completion of the sale, the chief executive officer now directly owns 131,600 shares in the company, valued at approximately $24,214,400. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company's stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $184.00, for a total value of $92,000.00. Following the completion of the transaction, the chief executive officer now directly owns 131,600 shares of the company's stock, valued at approximately $24,214,400. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the company's stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $180.73, for a total transaction of $632,555.00. Following the completion of the transaction, the chief executive officer now directly owns 512,858 shares of the company's stock, valued at $92,688,826.34. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,214,010 shares of company stock valued at $5,505,874,846. 12.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on AMZN shares. Piper Sandler increased their target price on Amazon.com from $185.00 to $205.00 and gave the stock an "overweight" rating in a report on Friday, February 2nd. Deutsche Bank Aktiengesellschaft lifted their target price on Amazon.com from $175.00 to $200.00 and gave the stock a "buy" rating in a research note on Friday, February 2nd. Monness Crespi & Hardt lifted their price objective on Amazon.com from $170.00 to $215.00 and gave the stock a "buy" rating in a report on Friday, February 2nd. Wells Fargo & Company lifted their price objective on Amazon.com from $211.00 to $217.00 and gave the stock an "overweight" rating in a report on Monday, April 1st. Finally, Truist Financial reaffirmed a "buy" rating and set a $195.00 target price on shares of Amazon.com in a report on Friday, March 22nd. One research analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $201.43.

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.