Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Blossom Wealth Management

Blossom Wealth Management raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 30.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,913 shares of the e-commerce giant’s stock after acquiring an additional 1,140 shares during the quarter. Amazon.com makes up approximately 2.0% of Blossom Wealth Management’s investment portfolio, making the stock its 13th largest position. Blossom Wealth Management’s holdings in Amazon.com were worth $746,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. PayPay Securities Corp grew its position in shares of 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 acquiring an additional 94 shares during the period. E Fund Management Hong Kong Co. Ltd. boosted its position in Amazon.com by 45.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after purchasing an additional 86 shares in the last quarter. Authentikos Wealth Advisory LLC acquired a new stake in Amazon.com in the third quarter valued at approximately $49,000. Bruce G. Allen Investments LLC purchased a new stake in shares of Amazon.com in the fourth quarter valued at approximately $57,000. Finally, AM Squared Ltd acquired a new position in shares of Amazon.com during the 3rd quarter worth approximately $76,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Activity

In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $20,239,226.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the transaction, the chief executive officer now directly owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total value of $523,807.00. Following the completion of the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,214,010 shares of company stock valued at $5,505,889,146. 10.30% of the stock is currently owned by company insiders.

Amazon.com Trading Up 3.4 %

AMZN opened at $179.62 on Monday. Amazon.com, Inc. has a 52 week low of $101.15 and a 52 week high of $189.77. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. The business has a fifty day simple moving average of $177.99 and a 200-day simple moving average of $158.98. The firm has a market cap of $1.87 trillion, a P/E ratio of 61.94, a P/E/G ratio of 1.55 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. The company had revenue of $169.96 billion during the quarter, compared to analysts’ expectations of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. Amazon.com’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same period last year, the business posted $0.21 EPS. On average, equities analysts expect that Amazon.com, Inc. will post 4.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Wedbush lifted their price target on shares of Amazon.com from $220.00 to $225.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. JPMorgan Chase & Co. boosted their target price on shares of Amazon.com from $190.00 to $225.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Canaccord Genuity Group upped their price target on shares of Amazon.com from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Moffett Nathanson reiterated a “buy” rating and set a $228.00 price objective on shares of Amazon.com in a research note on Thursday, April 11th. Finally, Oppenheimer increased their target price on Amazon.com from $200.00 to $210.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $205.13.

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.