1,070 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Purchased by Allie Family Office LLC

Allie Family Office LLC acquired a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 1,070 shares of the e-commerce giant’s stock, valued at approximately $235,000.

A number of other hedge funds also recently bought and sold shares of the business. Potomac Fund Management Inc. ADV acquired a new stake in shares of Amazon.com in the 4th quarter worth $804,000. Scholtz & Company LLC grew its holdings in shares of Amazon.com by 9.9% in the fourth quarter. Scholtz & Company LLC now owns 58,827 shares of the e-commerce giant’s stock valued at $12,906,000 after purchasing an additional 5,288 shares during the period. Discovery Capital Management LLC CT increased its position in Amazon.com by 30.8% during the fourth quarter. Discovery Capital Management LLC CT now owns 333,300 shares of the e-commerce giant’s stock worth $73,123,000 after purchasing an additional 78,500 shares during the last quarter. Groupama Asset Managment raised its stake in Amazon.com by 5.7% during the fourth quarter. Groupama Asset Managment now owns 808,035 shares of the e-commerce giant’s stock worth $178,812,000 after purchasing an additional 43,594 shares during the period. Finally, Alliance Wealth Management Group boosted its holdings in Amazon.com by 7.2% in the 4th quarter. Alliance Wealth Management Group now owns 4,379 shares of the e-commerce giant’s stock valued at $961,000 after purchasing an additional 293 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Up 3.1 %

AMZN stock opened at $190.20 on Friday. The stock has a market cap of $2.02 trillion, a P/E ratio of 34.39, a PEG ratio of 1.50 and a beta of 1.39. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company’s 50 day moving average is $190.94 and its two-hundred day moving average is $207.76.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The firm had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same period last year, the business earned $0.98 EPS. Amazon.com’s revenue for the quarter was up 8.6% compared to the same quarter last year. Research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AMZN. Piper Sandler restated an “overweight” rating and set a $265.00 price target (up previously from $225.00) on shares of Amazon.com in a report on Friday, February 7th. DA Davidson cut their target price on Amazon.com from $280.00 to $230.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Telsey Advisory Group reduced their target price on Amazon.com from $275.00 to $235.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 23rd. Mizuho lowered their price target on Amazon.com from $285.00 to $255.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. Finally, Truist Financial reduced their price objective on shares of Amazon.com from $265.00 to $230.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Two research analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the company. According to MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and a consensus price target of $246.50.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the transaction, the chief executive officer now owns 509,474 shares of the company’s stock, valued at $95,776,017.26. The trade was a 0.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $222.47, for a total value of $1,965,077.51. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $26,647,456.60. The trade was a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 104,798 shares of company stock worth $23,341,803. Corporate insiders own 10.80% of the company’s stock.

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.