White Wing Wealth Management Takes Position in Amazon.com, Inc. (NASDAQ:AMZN)

White Wing Wealth Management bought a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,872 shares of the e-commerce giant’s stock, valued at approximately $279,000. Amazon.com makes up approximately 0.3% of White Wing Wealth Management’s holdings, making the stock its 21st biggest holding.

Several other hedge funds have also recently made changes to their positions in AMZN. PayPay Securities Corp raised its position in Amazon.com by 54.3% in the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 94 shares during the period. E Fund Management Hong Kong Co. Ltd. raised its position in Amazon.com by 45.0% in the 4th 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 during the period. Bruce G. Allen Investments LLC purchased a new stake in Amazon.com in the 4th quarter worth about $57,000. Authentikos Wealth Advisory LLC purchased a new stake in Amazon.com in the 3rd quarter worth about $49,000. Finally, AM Squared Ltd purchased a new stake in Amazon.com in the 3rd quarter worth about $76,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of Amazon.com from $190.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Maxim Group initiated coverage on shares of Amazon.com in a research note on Wednesday, April 17th. They issued a “buy” rating and a $218.00 target price on the stock. Sanford C. Bernstein upped their target price on shares of Amazon.com from $175.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Needham & Company LLC restated a “buy” rating and issued a $205.00 target price on shares of Amazon.com in a research note on Thursday, April 18th. Finally, Stifel Nicolaus upped their target price on shares of Amazon.com from $200.00 to $224.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. One analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of “Buy” and a consensus target price of $205.13.

Amazon.com Trading Up 3.4 %

NASDAQ AMZN opened at $179.62 on Friday. The company has a fifty day simple moving average of $177.99 and a two-hundred day simple moving average of $158.59. The stock has a market cap of $1.87 trillion, a P/E ratio of 61.94, a P/E/G ratio of 1.53 and a beta of 1.16. Amazon.com, Inc. has a 12-month low of $101.15 and a 12-month high of $189.77. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29.

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

Insider Buying and Selling

In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were 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 owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Andrew R. Jassy sold 50,000 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $168.65, for a total transaction of $8,432,500.00. Following the sale, the chief executive officer now owns 2,014,055 shares in the company, valued at $339,670,375.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the sale, the chief executive officer now owns 116,560 shares in the company, valued at approximately $18,150,723.20. The disclosure for this sale can be found here. Insiders sold a total of 32,214,010 shares of company stock valued at $5,505,889,146 over the last 90 days. Insiders own 10.30% of the company’s stock.

Amazon.com 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.