Alterna Wealth Management Inc. buys 863 shares of Amazon.com, Inc. (NASDAQ:AMZN)

According to its most recent Form 13F filed with the SEC, Alterna Wealth Management Inc. increased its shares in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) up 7.2% in the fourth quarter. After purchasing an additional 863 shares during the period, the company now owned 12,912 shares of the e-commerce giant. Amazon.com makes up about 2.4% of Alterna Wealth Management Inc.’s portfolio, making it its 12th-largest holding. At the end of the last quarter, shares of Alterna Wealth Management Inc. on Amazon.com they were worth $1,962,000.

Other large investors also made changes to their positions at the company. Socha Financial Group LLC increased its holdings in Amazon.com by 3.3% in the fourth quarter. Socha Financial Group LLC now owns 1,991 shares of the e-commerce giant’s stock worth $303,000 after acquiring an additional 63 shares in the last quarter. Lake Hills Wealth Management LLC increased its position in shares of Amazon.com by 0.8% during the fourth quarter. Lake Hills Wealth Management LLC now owns 7,985 shares of the e-commerce giant’s stock valued at $1,213,000 after purchasing an additional 65 shares in the last quarter. Veery Capital LLC increased its holdings in shares of Amazon.com by 1.1% during the fourth quarter. Veery Capital LLC now owns 5,890 shares of the e-commerce giant’s stock valued at $895,000 after purchasing an additional 66 shares in the last quarter. Bellwether Advisors LLC increased its exposure to shares of Amazon.com by 2.3% during the fourth quarter. Bellwether Advisors LLC now owns 2,936 shares of the e-commerce giant’s stock valued at $446,000 after purchasing an additional 66 shares in the last quarter. Finally, StrategIQ Financial Group LLC raised its position on Amazon.com by 0.3% in the fourth quarter. StrategIQ Financial Group LLC now owns 23,259 shares of the e-commerce giant’s stock valued at $3,534,000 after purchasing an additional 66 shares in the last quarter. Institutional investors and hedge funds hold 72.20% of the company’s shares.

Analyst Upgrades and Downgrades

Several research firms have recently made comments on AMZN. Moffett Nathanson reissued a “buy” rating on Thursday, April 11 and set a $228.00 price target for shares of Amazon.com in a research note. TD Cowen increased their price target on Amazon.com from $200.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Wedbush maintained an “outperform” rating and set a $225.00 price target on shares of Amazon.com in a research report on Wednesday, May 1st. On Wednesday, May 1, Rosenblatt Securities maintained a “buy” rating and set a price target for Amazon.com stock at $220.00. Finally, Canaccord Genuity Group increased their target price on shares of Amazon.com from $185.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 2nd. One analyst rated the company’s shares with a hold recommendation, forty-four gave a buy recommendation, and one gave a strong buy recommendation. The company currently has an average rating of “Buy” and an average price target of $211.62, according to MarketBeat.com.

See our latest report on AMZN

Amazon.com sales decreased by 0.2%

Amazon.com stock opened Friday at $180.75. Amazon.com, Inc. it has a 12 month low of $114.31 and a 12 month high of $191.70. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The company’s 50-day moving average is $182.04 and its 200-day moving average is $166.22. The company’s market value is $1.88 trillion, the P/E ratio is 50.63, the P/E/G ratio is 1.30, and the beta is 1.15.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, which topped the consensus estimate of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company’s revenue for the quarter was $143.31 billion, compared to analyst estimates of $142.65 billion. During the same period last year, the company reported earnings per share of $0.31. The company’s quarterly revenues increased by 12.5% ​​compared to the same quarter last year. Stock research analysts predict that Amazon.com, Inc. will report 4.72 earnings per share for the current fiscal year.

Buying and selling confidential information

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.44, for a total value of $3,771,048.96. Following the sale, the CEO now owns 2,025,358 shares of the company’s stock valued at $367,480,955.52. The transaction was disclosed in a filing with the Securities and Exchange Commission, available at this link. In other Amazon.com news, CEO Jonathan Rubinstein sold 5,264 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $190.00, for a total value of $1,000,160.00. Following the transaction, the director now directly owns 104,400 shares of the company’s stock, valued at approximately $19,836,000. The transaction was disclosed in a legal filing filed with the Securities and Exchange Commission, which can be accessed via this hyperlink. Additionally, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.44, for a total value of $3,771,048.96. Following the sale, the CEO now owns 2,025,358 shares of the company’s stock, valued at approximately $367,480,955.52. The announcement of this sale can be found here. Over the last 90 days, insiders have sold 117,894 shares of company stock worth $21,363,909. Company insiders own 10.80% of the company’s shares.

About Amazon.com

(free report)

Amazon.com, Inc. retails consumer products, advertising and subscription services through online and physical stores in North America and abroad. The company operates in three segments: North America, International and Amazon Web Services (AWS). It also manufactures and sells electronic devices including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink and eero; and develops and produces media content.

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