Zhang Financial LLC Increases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Zhang Financial LLC grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 55,020 shares of the e-commerce giant’s stock after purchasing an additional 3,929 shares during the quarter. Zhang Financial LLC’s holdings in Amazon.com were worth $12,071,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in AMZN. Hoese & Co LLP purchased a new position in shares of Amazon.com during the 3rd quarter valued at about $37,000. Bull Oak Capital LLC purchased a new position in Amazon.com during the third quarter valued at approximately $45,000. Values First Advisors Inc. bought a new position in shares of Amazon.com in the third quarter worth approximately $56,000. IFS Advisors LLC increased its stake in shares of Amazon.com by 1,625.0% in the fourth quarter. IFS Advisors LLC now owns 345 shares of the e-commerce giant’s stock worth $76,000 after purchasing an additional 325 shares in the last quarter. Finally, West Financial Advisors LLC bought a new stake in shares of Amazon.com during the 4th quarter valued at $88,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $242.06 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The firm has a market cap of $2.55 trillion, a PE ratio of 51.83, a price-to-earnings-growth ratio of 1.35 and a beta of 1.15. The firm’s 50 day simple moving average is $224.55 and its 200-day simple moving average is $199.36. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Pivotal Research started coverage on Amazon.com in a report on Friday, October 11th. They set a “buy” rating and a $260.00 price target on the stock. Benchmark boosted their price target on Amazon.com from $215.00 to $265.00 and gave the stock a “buy” rating in a report on Tuesday. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $270.00 price objective on shares of Amazon.com in a report on Wednesday, January 22nd. Evercore ISI boosted their target price on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Wedbush reaffirmed an “outperform” rating and set a $280.00 target price (up from $260.00) on shares of Amazon.com in a research note on Monday, January 27th. Two equities research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average price target of $252.56.

Check Out Our Latest Stock Report on AMZN

Insider Buying and Selling at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,996,362 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $206.75, for a total transaction of $619,497,843.50. Following the transaction, the insider now owns 914,420,614 shares of the company’s stock, valued at approximately $189,056,461,944.50. This trade represents a 0.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jonathan Rubinstein sold 4,766 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $209.85, for a total transaction of $1,000,145.10. Following the completion of the sale, the director now directly owns 94,630 shares of the company’s stock, valued at $19,858,105.50. The trade was a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,027,340 shares of company stock valued at $1,252,456,773 in the last ninety days. Corporate insiders own 10.80% of the company’s stock.

About Amazon.com

(Free Report)

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.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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