Future Financial Wealth Managment LLC boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 7.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,051 shares of the e-commerce giant’s stock after buying an additional 490 shares during the period. Amazon.com makes up about 1.1% of Future Financial Wealth Managment LLC’s investment portfolio, making the stock its 29th largest position. Future Financial Wealth Managment LLC’s holdings in Amazon.com were worth $1,071,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Mayflower Financial Advisors LLC increased its position in Amazon.com by 0.3% in the 3rd quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock worth $25,000 after buying an additional 572 shares during the period. PayPay Securities Corp increased its position in shares of Amazon.com by 54.3% during the third 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 shares of Amazon.com by 1,900.0% during the second 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. bought a new stake in shares of Amazon.com during the fourth quarter valued at approximately $37,000. Finally, Swaine & Leidel Wealth Services LLC bought a new stake in shares of Amazon.com during the first quarter valued at approximately $38,000. 72.20% of the stock is owned by institutional investors.
Amazon.com Trading Up 0.3 %
NASDAQ AMZN opened at $185.67 on Wednesday. The stock has a 50-day simple moving average of $174.83 and a 200 day simple moving average of $154.13. The company has a market capitalization of $1.93 trillion, a PE ratio of 64.02, a P/E/G ratio of 1.61 and a beta of 1.17. 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, Inc. has a 12 month low of $97.71 and a 12 month high of $187.34.
Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings data 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. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The business had revenue of $169.96 billion during the quarter, compared to the consensus estimate of $165.96 billion. During the same quarter in the prior year, the company posted $0.21 earnings per share. The firm’s revenue was up 13.9% on a year-over-year basis. Research analysts forecast that Amazon.com, Inc. will post 4.08 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the company. Wells Fargo & Company boosted their price objective on Amazon.com from $211.00 to $217.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. The Goldman Sachs Group boosted their price objective on Amazon.com from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Needham & Company LLC boosted their price objective on Amazon.com from $175.00 to $205.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Piper Sandler boosted their price target on Amazon.com from $185.00 to $205.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Finally, Canaccord Genuity Group boosted their price target on Amazon.com from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $198.09.
View Our Latest Report on Amazon.com
Insiders Place Their Bets
In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $155.72, for a total value of $77,860.00. Following the completion of the sale, the chief executive officer now directly owns 116,560 shares in the company, valued at $18,150,723.20. The sale was disclosed in a filing with the Securities & Exchange Commission,…
Read More: Future Financial Wealth Managment LLC Acquires 490 Shares of Amazon.com, Inc.