Abner Herrman & Brock LLC Buys 193 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Abner Herrman & Brock LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 148,709 shares of the e-commerce giant’s stock after acquiring an additional 193 shares during the quarter. Amazon.com comprises about 3.6% of Abner Herrman & Brock LLC’s investment portfolio, making the stock its 6th biggest holding. Abner Herrman & Brock LLC’s holdings in Amazon.com were worth $28,293,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in AMZN. Cable Hill Partners LLC boosted its holdings in Amazon.com by 0.5% during the fourth quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant’s stock worth $2,104,000 after buying an additional 44 shares in the last quarter. Quattro Financial Advisors LLC boosted its holdings 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 buying an additional 45 shares in the last quarter. Northern Capital Management Inc. boosted its holdings in Amazon.com by 0.6% during the fourth quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant’s stock worth $1,613,000 after buying an additional 45 shares in the last quarter. White Wing Wealth Management boosted its holdings in Amazon.com by 2.4% during the fourth quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant’s stock worth $433,000 after buying an additional 47 shares in the last quarter. Finally, Balanced Wealth Group LLC boosted its holdings in Amazon.com by 1.6% during the fourth quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant’s stock worth $705,000 after buying an additional 48 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the completion of the transaction, the chief executive officer now directly owns 2,148,694 shares of the company’s stock, valued at approximately $432,532,102.20. This represents a 0.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Brian T. Olsavsky sold 17,750 shares of the firm’s stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $201.57, for a total value of $3,577,867.50. Following the completion of the sale, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at approximately $9,876,930. The trade was a 26.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 102,037 shares of company stock worth $20,531,075 over the last ninety days. 9.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

AMZN has been the subject of a number of recent analyst reports. Mizuho decreased their price objective on shares of Amazon.com from $285.00 to $255.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. Scotiabank decreased 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 note on Monday, April 21st. Needham & Company LLC reaffirmed a “buy” rating and issued a $220.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. Morgan Stanley cut their target price on shares of Amazon.com from $280.00 to $245.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Amazon.com from $287.00 to $206.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Four investment analysts have rated the stock with a hold rating and forty-four have given 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 $244.89.

Amazon.com Stock Up 0.0%

Shares of Amazon.com stock opened at $213.24 on Friday. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The business has a 50-day moving average of $194.64 and a two-hundred day moving average of $209.13. The company has a market capitalization of $2.26 trillion, a P/E ratio of 38.56, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33. 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 announced its quarterly earnings results 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 company had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same period in the prior year, the company earned $0.98 earnings per share. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current 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.