Global Wealth Management Investment Advisory Inc. Has $2.09 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Global Wealth Management Investment Advisory Inc. grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 17.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 24,856 shares of the e-commerce giant’s stock after purchasing an additional 3,691 shares during the quarter. Global Wealth Management Investment Advisory Inc.’s holdings in Amazon.com were worth $2,088,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp grew its position in Amazon.com by 1,869.1% during the second quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock worth $34,701,726,000 after buying an additional 310,134,486 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Amazon.com by 1,838.8% during the second quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock worth $33,134,481,000 after buying an additional 295,880,050 shares in the last quarter. FMR LLC grew its position in Amazon.com by 1,792.4% during the second quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after buying an additional 270,931,640 shares in the last quarter. Northern Trust Corp grew its position in Amazon.com by 1,867.0% during the second quarter. Northern Trust Corp now owns 94,997,372 shares of the e-commerce giant’s stock worth $10,089,669,000 after buying an additional 90,167,792 shares in the last quarter. Finally, Swiss National Bank grew its position in Amazon.com by 1,909.7% during the second quarter. Swiss National Bank now owns 39,731,440 shares of the e-commerce giant’s stock worth $4,219,876,000 after buying an additional 37,754,468 shares in the last quarter. 57.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AMZN. Deutsche Bank Aktiengesellschaft decreased their target price on Amazon.com from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, April 18th. JPMorgan Chase & Co. raised their price target on shares of Amazon.com from $135.00 to $145.00 in a research note on Friday, April 28th. Rosenblatt Securities raised their price target on shares of Amazon.com from $106.00 to $111.00 in a research note on Friday, April 28th. JMP Securities restated a “market outperform” rating and set a $140.00 price target on shares of Amazon.com in a research note on Wednesday, April 19th. Finally, Benchmark raised their price target on shares of Amazon.com from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, February 3rd. Three equities research analysts have rated the stock with a hold rating and forty-one have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $143.12.

Amazon.com Price Performance

AMZN opened at $116.25 on Friday. The company has a fifty day moving average price of $103.63 and a two-hundred day moving average price of $97.03. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.69 and a current ratio of 0.92. Amazon.com, Inc. has a 52 week low of $81.43 and a 52 week high of $146.57. The firm has a market capitalization of $1.19 trillion, a PE ratio of 276.79, a P/E/G ratio of 4.02 and a beta of 1.26.

Amazon.com (NASDAQ:AMZN – Get Rating) last announced its quarterly earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.09. Amazon.com had a net margin of 0.82% and a return on equity of 5.85%. The company had revenue of $127.36 billion during the quarter, compared to analyst estimates of $124.57 billion. During the same quarter in the previous year, the business earned $0.21 EPS. The firm’s revenue was up 9.4% on a year-over-year basis. As a group, analysts anticipate that Amazon.com, Inc. will post 1.57 earnings per share for the current year.

Insider Activity

In other news, SVP David Zapolsky sold 6,704 shares of the business’s stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total value of $636,276.64. Following the completion of the transaction, the senior vice president now owns 87,036 shares of the company’s stock, valued at approximately $8,260,586.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Adam Selipsky sold 2,299 shares of the business’s stock in a transaction on Tuesday, March 21st. The shares were sold at an average price of $100.34, for a total value of $230,681.66. Following the completion of the transaction, the chief executive officer now owns 138,320 shares of the company’s stock, valued at approximately $13,879,028.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP David Zapolsky sold 6,704 shares of the business’s stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total transaction of $636,276.64. Following the completion of the sale, the senior vice president now directly owns 87,036 shares in the company, valued at $8,260,586.76. The disclosure for this sale can be found here. Insiders sold 61,019 shares of company stock valued at $6,053,511 in the last quarter. Company insiders own 12.30% of the company’s stock.

About Amazon.com

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.