Centurion Wealth Management LLC Raises Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Centurion Wealth Management LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,099 shares of the e-commerce giant’s stock after purchasing an additional 308 shares during the quarter. Amazon.com makes up approximately 1.0% of Centurion Wealth Management LLC’s investment portfolio, making the stock its 19th largest position. Centurion Wealth Management LLC’s holdings in Amazon.com were worth $2,446,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. PayPay Securities Corp boosted its stake in Amazon.com by 54.3% during the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after buying an additional 94 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its stake 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 buying an additional 86 shares during the last quarter. Bruce G. Allen Investments LLC acquired a new position in Amazon.com during the fourth quarter worth $57,000. Authentikos Wealth Advisory LLC acquired a new position in Amazon.com during the third quarter worth $49,000. Finally, AM Squared Ltd acquired a new position in shares of Amazon.com in the 3rd quarter valued at $76,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Jeffrey P. Bezos sold 5,998,849 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the completion of the sale, the insider now directly owns 982,252,968 shares of the company’s stock, valued at approximately $167,140,165,034.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Jeffrey P. Bezos sold 5,998,849 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the completion of the sale, the insider now directly owns 982,252,968 shares of the company’s stock, valued at approximately $167,140,165,034.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction that occurred on 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 sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $20,239,226.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,214,010 shares of company stock valued at $5,505,889,146. 10.80% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently commented on AMZN. Robert W. Baird upped their price target on Amazon.com from $185.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. JPMorgan Chase & Co. upped their price target on Amazon.com from $190.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Wedbush reaffirmed an “outperform” rating and issued a $220.00 price target on shares of Amazon.com in a research note on Wednesday, April 10th. Needham & Company LLC reaffirmed a “buy” rating and issued a $205.00 price target on shares of Amazon.com in a research note on Thursday, April 18th. Finally, Oppenheimer upped their price target on Amazon.com from $200.00 to $210.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $203.13.

Amazon.com Stock Up 1.3 %

Shares of NASDAQ AMZN opened at $179.54 on Wednesday. The stock has a market cap of $1.87 trillion, a PE ratio of 61.91, a price-to-earnings-growth ratio of 1.52 and a beta of 1.17. 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, Inc. has a 52-week low of $101.15 and a 52-week high of $189.77. The business has a 50-day moving average price of $177.60 and a 200 day moving average price of $157.99.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The company had revenue of $169.96 billion during the quarter, compared to analysts’ expectations of $165.96 billion. During the same period last year, the firm earned $0.21 EPS. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. Equities research analysts forecast that Amazon.com, Inc. will post 4.1 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.