Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Beacon Investment Advisors LLC

Beacon Investment Advisors LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 8.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,370 shares of the e-commerce giant’s stock after purchasing an additional 180 shares during the quarter. Beacon Investment Advisors LLC’s holdings in Amazon.com were worth $520,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in AMZN. Howard Capital Management Group LLC boosted its position in shares of Amazon.com by 0.3% in the 3rd quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant’s stock valued at $66,434,000 after purchasing an additional 897 shares during the period. Principal Financial Group Inc. lifted its position in Amazon.com by 5.1% during the 3rd quarter. Principal Financial Group Inc. now owns 20,166,314 shares of the e-commerce giant’s stock worth $3,757,589,000 after acquiring an additional 984,570 shares during the period. Second Line Capital LLC lifted its position in Amazon.com by 141.1% during the 3rd quarter. Second Line Capital LLC now owns 20,523 shares of the e-commerce giant’s stock worth $3,824,000 after acquiring an additional 12,011 shares during the period. Unigestion Holding SA lifted its position in Amazon.com by 17.4% during the 3rd quarter. Unigestion Holding SA now owns 19,784 shares of the e-commerce giant’s stock worth $3,686,000 after acquiring an additional 2,928 shares during the period. Finally, Westside Investment Management Inc. lifted its position in Amazon.com by 1.2% during the 3rd quarter. Westside Investment Management Inc. now owns 54,073 shares of the e-commerce giant’s stock worth $10,047,000 after acquiring an additional 629 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Amazon.com

In other news, CEO Andrew R. Jassy sold 20,784 shares of the firm’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 sale, the chief executive officer now owns 2,118,886 shares in the company, valued at $467,532,195.90. This trade represents a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Brian T. Olsavsky sold 14,620 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $223.14, for a total value of $3,262,306.80. Following the sale, the chief financial officer now owns 49,000 shares in the company, valued at $10,933,860. This trade represents a 22.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 80,798 shares of company stock worth $17,696,733 over the last quarter. 9.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on AMZN shares. Deutsche Bank Aktiengesellschaft decreased their price objective on Amazon.com from $287.00 to $206.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Oppenheimer decreased their price objective on Amazon.com from $260.00 to $220.00 and set an “outperform” rating for the company in a research report on Monday, April 28th. Citizens Jmp decreased their price objective on Amazon.com from $285.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, April 14th. Maxim Group increased their price objective on Amazon.com from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Finally, Tigress Financial increased their price objective on Amazon.com from $290.00 to $305.00 and gave the stock a “buy” rating in a research report on Tuesday, May 6th. Four analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $244.09.

Amazon.com Stock Performance

Amazon.com stock opened at $205.59 on Friday. 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 stock has a fifty day moving average of $189.33 and a two-hundred day moving average of $208.50. The company has a market capitalization of $2.18 trillion, a price-to-earnings ratio of 37.18, a PEG ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52.

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

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.