Wick Capital Partners LLC Buys 12,475 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Wick Capital Partners LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 278.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 16,962 shares of the e-commerce giant’s stock after purchasing an additional 12,475 shares during the quarter. Amazon.com accounts for 0.6% of Wick Capital Partners LLC’s portfolio, making the stock its 21st biggest position. Wick Capital Partners LLC’s holdings in Amazon.com were worth $3,721,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMZN. Accordant Advisory Group Inc increased its stake in shares of Amazon.com by 400.0% during the fourth 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. Prudent Man Investment Management Inc. purchased a new position in shares of Amazon.com during the fourth quarter valued at approximately $27,000. LSV Asset Management purchased a new position in shares of Amazon.com during the fourth quarter valued at approximately $35,000. Perritt Capital Management Inc increased its stake in shares of Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after buying an additional 80 shares during the period. Finally, Quattro Financial Advisors LLC increased its stake in shares of Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after buying an additional 45 shares during the period. Institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on AMZN shares. The Goldman Sachs Group decreased their price objective on Amazon.com from $255.00 to $220.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Barclays decreased their price objective on Amazon.com from $265.00 to $240.00 and set an “overweight” rating for the company in a report on Friday, May 2nd. Citigroup reiterated an “outperform” rating on shares of Amazon.com in a report on Friday, May 2nd. JPMorgan Chase & Co. increased their price objective on Amazon.com from $220.00 to $225.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. Finally, Canaccord Genuity Group reiterated a “buy” rating on shares of Amazon.com in a report on Thursday, February 13th. Four research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $244.09.

Amazon.com Trading Down 1.0%

Shares of AMZN stock opened at $204.07 on Wednesday. The company has a market cap of $2.17 trillion, a PE ratio of 36.90, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The stock’s 50 day simple moving average is $189.68 and its two-hundred day simple moving average is $208.79. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data 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 company had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. During the same period in the previous year, the firm earned $0.98 earnings per share. Amazon.com’s quarterly revenue was up 8.6% compared to the same quarter last year. Research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 8,833 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the transaction, the vice president now owns 119,780 shares in the company, valued at $26,647,456.60. The trade was a 6.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP David Zapolsky sold 5,848 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $220.72, for a total value of $1,290,770.56. Following the completion of the transaction, the senior vice president now directly owns 69,162 shares in the company, valued at $15,265,436.64. This trade represents a 7.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 80,081 shares of company stock worth $17,421,044 over the last quarter. Insiders own 9.70% of the company’s stock.

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.