Sanford Advisory Services LLC Purchases 150 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Sanford Advisory Services LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,643 shares of the e-commerce giant’s stock after acquiring an additional 150 shares during the quarter. Sanford Advisory Services LLC’s holdings in Amazon.com were worth $1,566,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. McElhenny Sheffield Capital Management LLC acquired a new stake in shares of Amazon.com in the 4th quarter worth $27,000. Retirement Financial Solutions LLC acquired a new stake in Amazon.com in the fourth quarter worth about $32,000. Laurel Wealth Planning LLC grew its stake 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 worth $34,000 after acquiring an additional 304 shares during the last quarter. Swaine & Leidel Wealth Services LLC acquired a new position in shares of Amazon.com during the first quarter valued at about $38,000. Finally, Cowa LLC purchased a new position in shares of Amazon.com in the 3rd quarter valued at approximately $40,000. Hedge funds and other institutional investors own 57.64% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 7,456 shares of the business’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $94.90, for a total transaction of $707,574.40. Following the transaction, the chief executive officer now owns 564,298 shares of the company’s stock, valued at approximately $53,551,880.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CFO Brian T. Olsavsky sold 16,760 shares of the firm’s stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $95.25, for a total transaction of $1,596,390.00. Following the completion of the sale, the chief financial officer now owns 49,000 shares in the company, valued at approximately $4,667,250. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 7,456 shares of the stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $94.90, for a total value of $707,574.40. Following the completion of the transaction, the chief executive officer now owns 564,298 shares of the company’s stock, valued at $53,551,880.20. The disclosure for this sale can be found here. Insiders sold a total of 61,019 shares of company stock worth $6,053,511 in the last three months. 12.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of Amazon.com from $135.00 to $145.00 in a research note on Friday, April 28th. Tigress Financial restated a “buy” rating and issued a $192.00 target price on shares of Amazon.com in a research note on Thursday, February 9th. Oppenheimer lowered their price target on Amazon.com from $135.00 to $125.00 and set an “outperform” rating for the company in a research report on Thursday, April 6th. Morgan Stanley raised their price objective on Amazon.com from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, February 3rd. Finally, Credit Suisse Group dropped their target price on Amazon.com from $150.00 to $140.00 in a research report on Tuesday, April 25th. Three equities research analysts have rated the stock with a hold rating and forty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $143.12.

Amazon.com Trading Down 1.6 %

Shares of AMZN opened at $116.25 on Friday. The firm’s fifty day moving average is $103.63 and its two-hundred day moving average is $97.03. The stock has a market cap of $1.19 trillion, a PE ratio of 276.79, a price-to-earnings-growth ratio of 4.11 and a beta of 1.26. The company has a quick ratio of 0.69, a current ratio of 0.92 and a debt-to-equity ratio of 0.43. Amazon.com, Inc. has a 52-week low of $81.43 and a 52-week high of $146.57.

Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly earnings data on Thursday, April 27th. The e-commerce giant reported $0.31 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $124.57 billion. During the same quarter in the prior year, the firm earned $0.21 EPS. Amazon.com’s quarterly revenue was up 9.4% on a year-over-year basis. Research analysts forecast that Amazon.com, Inc. will post 1.57 earnings per share for the current fiscal year.

Amazon.com Profile

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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.