Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by StrategIQ Financial Group LLC

StrategIQ Financial Group LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.3% during the fourth quarter, Holdings Channel reports. The fund owned 23,259 shares of the e-commerce giant’s stock after purchasing an additional 66 shares during the quarter. StrategIQ Financial Group LLC’s holdings in Amazon.com were worth $3,534,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Bridgefront Capital LLC acquired a new stake in shares of Amazon.com during the first quarter valued at $228,000. Krane Funds Advisors LLC lifted its position in Amazon.com by 239.1% during the first quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock worth $254,000 after buying an additional 55 shares during the period. Range Financial Group LLC purchased a new position in Amazon.com during the first quarter worth about $258,000. My Personal CFO LLC purchased a new position in Amazon.com during the first quarter worth about $261,000. Finally, Worth Asset Management LLC purchased a new position in Amazon.com during the first quarter worth about $191,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN opened at $181.28 on Thursday. The firm has a market cap of $1.89 trillion, a price-to-earnings ratio of 62.51, a PEG ratio of 1.60 and a beta of 1.16. Amazon.com, Inc. has a 52 week low of $101.15 and a 52 week 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. The stock has a 50 day moving average of $177.09 and a 200-day moving average of $156.36.

Amazon.com (NASDAQ:AMZN) last announced its quarterly 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. The business had revenue of $169.96 billion for the quarter, compared to the consensus estimate of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The business’s revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the business posted $0.21 EPS. As a group, analysts forecast that Amazon.com, Inc. will post 4.08 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on AMZN. Wolfe Research increased their target price on Amazon.com from $195.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. BMO Capital Markets began coverage on Amazon.com in a research report on Tuesday, January 9th. They set an “outperform” rating and a $200.00 target price on the stock. Monness Crespi & Hardt increased their target price on Amazon.com from $170.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Bank of America increased their target price on Amazon.com from $185.00 to $204.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Finally, Susquehanna raised their price objective on Amazon.com from $185.00 to $220.00 and gave the stock a “positive” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Amazon.com has a consensus rating of “Buy” and a consensus price target of $202.80.

Insider Buying and Selling

In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total value of $77,860.00. Following the sale, the chief executive officer now owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total value of $77,860.00. Following the sale, the chief executive officer now owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $168.65, for a total value of $8,432,500.00. Following the completion of the sale, the chief executive officer now directly owns 2,014,055 shares in the company, valued at approximately $339,670,375.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,213,510 shares of company stock valued at $5,505,798,456. Insiders own 12.70% of the company’s stock.

About Amazon.com

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.