Marshall & Sterling Wealth Advisors Inc. Invests $806,000 in Amazon.com, Inc. (NASDAQ:AMZN)

Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,675 shares of the e-commerce giant’s stock, valued at approximately $806,000.

Other large investors have also recently added to or reduced their stakes in the company. Prudent Man Investment Management Inc. bought a new stake in Amazon.com in the 4th quarter valued at $27,000. Accordant Advisory Group Inc lifted its position in shares of Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after buying an additional 100 shares during the last quarter. LSV Asset Management acquired a new position in Amazon.com in the 4th quarter worth about $35,000. Perritt Capital Management Inc increased its holdings in Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock worth $42,000 after purchasing an additional 80 shares in the last quarter. Finally, Compass Planning Associates Inc bought a new position in shares of Amazon.com during the fourth quarter worth about $51,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other news, VP Shelley Reynolds sold 8,833 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at $26,647,456.60. This trade represents a 6.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Brian T. Olsavsky sold 14,620 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $223.14, for a total value of $3,262,306.80. Following the transaction, the chief financial officer now owns 49,000 shares of the company’s stock, valued at approximately $10,933,860. The trade was a 22.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 80,081 shares of company stock valued at $17,421,044 over the last ninety days. 9.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Telsey Advisory Group reaffirmed an “outperform” rating and set a $235.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. Stifel Nicolaus dropped their price target on Amazon.com from $248.00 to $245.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. Needham & Company LLC restated a “buy” rating and issued a $220.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. Barclays reduced their price target on Amazon.com from $265.00 to $240.00 and set an “overweight” rating for the company in a research report on Friday, May 2nd. Finally, Wedbush restated an “outperform” rating and set a $235.00 target price (up from $225.00) on shares of Amazon.com in a research report on Friday, May 2nd. Four analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and a consensus price target of $244.09.

Amazon.com Stock Performance

AMZN stock opened at $206.16 on Tuesday. The stock has a market capitalization of $2.19 trillion, a PE ratio of 37.28, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The stock’s 50 day simple moving average is $189.48 and its 200 day simple moving average is $208.82.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating 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 firm had revenue of $155.67 billion for the quarter, compared to analysts’ expectations of $154.96 billion. During the same period in the prior year, the firm earned $0.98 EPS. The company’s revenue was up 8.6% compared to the same quarter last year. As a group, research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Amazon.com 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.