Amazon.com, Inc. (NASDAQ:AMZN) Stake Lifted by National Wealth Management Group LLC

National Wealth Management Group LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 3.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,053 shares of the e-commerce giant’s stock after acquiring an additional 594 shares during the period. Amazon.com makes up 2.6% of National Wealth Management Group LLC’s investment portfolio, making the stock its 8th largest position. National Wealth Management Group LLC’s holdings in Amazon.com were worth $3,961,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of AMZN. Prudent Man Investment Management Inc. acquired a new stake in shares of Amazon.com during the 4th quarter worth $27,000. Accordant Advisory Group Inc boosted its holdings in Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after acquiring an additional 100 shares during the last quarter. Compass Planning Associates Inc purchased a new stake in Amazon.com during the fourth quarter valued at about $51,000. Quattro Financial Advisors LLC increased its stake in Amazon.com by 23.8% during 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 during the last quarter. Finally, Halbert Hargrove Global Advisors LLC acquired a new stake in Amazon.com during the fourth quarter worth about $54,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Amazon.com

In related news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the completion of the transaction, the chief executive officer now directly owns 2,118,886 shares in the company, valued at $467,532,195.90. This represents a 0.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 27,500 shares of the firm’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the sale, the chief executive officer now owns 497,067 shares in the company, valued at $114,459,618.09. The trade was a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 104,798 shares of company stock worth $23,341,803. 10.80% of the stock is currently owned by company insiders.

Amazon.com Stock Up 3.1 %

Shares of NASDAQ:AMZN opened at $190.20 on Friday. The company’s fifty day moving average is $190.94 and its two-hundred day moving average is $207.76. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The stock has a market capitalization of $2.02 trillion, a price-to-earnings ratio of 34.39, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share 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 quarter in the prior year, the business earned $0.98 earnings per share. Amazon.com’s quarterly revenue was up 8.6% on a year-over-year basis. Equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on AMZN shares. JPMorgan Chase & Co. decreased their target price on Amazon.com from $270.00 to $220.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Canaccord Genuity Group reaffirmed a “buy” rating on shares of Amazon.com in a research report on Thursday, February 13th. Scotiabank dropped their price objective on shares of Amazon.com from $306.00 to $250.00 and set a “sector outperform” rating for the company in a research report on Monday, April 21st. Jefferies Financial Group reduced their target price on shares of Amazon.com from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Finally, Citigroup lowered their price target on Amazon.com from $273.00 to $225.00 and set a “buy” rating for the company in a report on Monday, April 14th. Two investment analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the stock. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and an average price target of $246.50.

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.