Poinciana Advisors Group LLC Invests $591,000 in Amazon.com, Inc. (NASDAQ:AMZN)

Poinciana Advisors Group LLC purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,694 shares of the e-commerce giant’s stock, valued at approximately $591,000. Amazon.com accounts for approximately 0.6% of Poinciana Advisors Group LLC’s investment portfolio, making the stock its 26th biggest position.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Accordant Advisory Group Inc lifted its holdings in shares of Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after buying an additional 100 shares during the period. Icon Wealth Advisors LLC grew its holdings in Amazon.com by 20.5% during the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after acquiring an additional 25,581 shares during the period. Quattro Financial Advisors LLC raised its position in Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after acquiring an additional 45 shares in the last quarter. Compass Planning Associates Inc acquired a new stake in Amazon.com in the fourth quarter valued at $51,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Amazon.com during the 4th quarter worth $54,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amazon.com

In related news, CFO Brian T. Olsavsky sold 14,620 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $223.14, for a total transaction of $3,262,306.80. Following the sale, the chief financial officer now owns 49,000 shares of the company’s stock, valued at $10,933,860. This trade represents a 22.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas J. Herrington sold 27,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the transaction, the chief executive officer now owns 497,067 shares of the company’s stock, valued at approximately $114,459,618.09. This trade represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 104,798 shares of company stock valued at $23,341,803 in the last three months. Company insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on AMZN shares. Jefferies Financial Group cut their price target on shares of Amazon.com from $275.00 to $250.00 and set a “buy” rating for the company in a report on Monday, March 31st. Raymond James increased their target price on shares of Amazon.com from $260.00 to $275.00 in a report on Monday, February 10th. Needham & Company LLC reiterated a “buy” rating and set a $250.00 price target on shares of Amazon.com in a research report on Friday, February 7th. Mizuho lowered their price target on Amazon.com from $285.00 to $255.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Finally, Tigress Financial raised their price objective on Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Two investment analysts have rated the stock with a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $253.56.

Amazon.com Stock Down 1.4 %

NASDAQ AMZN opened at $179.59 on Wednesday. The stock has a 50 day moving average price of $201.96 and a 200-day moving average price of $208.30. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The company has a market capitalization of $1.90 trillion, a P/E ratio of 32.48, a P/E/G ratio of 1.50 and a beta of 1.39.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. As a group, equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Amazon.com Company Profile

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.