13,814 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Bought by Strategies Wealth Advisors LLC

Strategies Wealth Advisors LLC acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 13,814 shares of the e-commerce giant's stock, valued at approximately $3,187,000. Amazon.com accounts for about 0.4% of Strategies Wealth Advisors LLC's investment portfolio, making the stock its 26th largest holding.

A number of other institutional investors also recently added to or reduced their stakes in the business. Momentous Wealth Management Inc. purchased a new stake in Amazon.com during the 4th quarter worth $749,000. Rench Wealth Management Inc. grew its position in shares of Amazon.com by 7.9% in the 3rd quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant's stock worth $9,392,000 after acquiring an additional 3,703 shares in the last quarter. 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 during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Amazon.com by 173.6% in 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 purchasing an additional 2,196,353 shares during the period. Finally, Blankinship & Foster LLC lifted its position in shares of Amazon.com by 216.4% in the 3rd quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant's stock worth $1,291,000 after buying an additional 4,740 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insiders Place Their Bets

In related news, SVP David Zapolsky sold 19,212 shares of the firm's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $217.50, for a total value of $4,178,610.00. Following the transaction, the senior vice president now directly owns 49,950 shares of the company's stock, valued at approximately $10,864,125. This trade represents a 27.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 27,500 shares of the business's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total value of $6,332,425.00. Following the sale, the chief executive officer now owns 497,067 shares of the company's stock, valued at $114,459,618.09. The trade was a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 107,298 shares of company stock worth $23,818,478. Corporate insiders own 9.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on AMZN shares. DA Davidson lowered their price objective on Amazon.com from $280.00 to $230.00 and set a "buy" rating for the company in a research note on Monday, April 14th. UBS Group restated a "buy" rating on shares of Amazon.com in a research note on Tuesday. Stifel Nicolaus cut their price target on Amazon.com from $248.00 to $245.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Benchmark restated a "buy" rating and issued a $260.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Finally, JPMorgan Chase & Co. raised their price target on Amazon.com from $220.00 to $225.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $244.09.

Amazon.com Stock Up 0.5 %

Shares of AMZN traded up $0.98 during midday trading on Friday, reaching $193.06. 29,609,499 shares of the stock were exchanged, compared to its average volume of 41,721,953. The company has a market capitalization of $2.05 trillion, a P/E ratio of 34.91, a PEG ratio of 1.50 and a beta of 1.30. The company's 50 day moving average is $188.50 and its two-hundred day moving average is $207.95. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.21. The company 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%. Amazon.com's revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.98 EPS. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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.