Hardy Reed LLC Acquires 55 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Hardy Reed LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,836 shares of the e-commerce giant’s stock after purchasing an additional 55 shares during the period. Amazon.com makes up about 0.6% of Hardy Reed LLC’s portfolio, making the stock its 24th largest holding. Hardy Reed LLC’s holdings in Amazon.com were worth $6,985,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Advyzon Investment Management LLC acquired a new position in Amazon.com in the fourth quarter valued at about $2,434,000. Handelsbanken Fonder AB increased its holdings in Amazon.com by 15.2% in the 4th quarter. Handelsbanken Fonder AB now owns 600,200 shares of the e-commerce giant’s stock valued at $131,678,000 after buying an additional 79,000 shares during the period. Mcdaniel Terry & Co. raised its position in shares of Amazon.com by 0.4% in the 4th quarter. Mcdaniel Terry & Co. now owns 124,079 shares of the e-commerce giant’s stock valued at $27,222,000 after buying an additional 550 shares in the last quarter. WealthBridge Capital Management LLC lifted its holdings in shares of Amazon.com by 0.9% during the 4th quarter. WealthBridge Capital Management LLC now owns 51,051 shares of the e-commerce giant’s stock worth $11,200,000 after acquiring an additional 435 shares during the period. Finally, WealthCare Investment Partners LLC increased its stake in Amazon.com by 8.6% in the fourth quarter. WealthCare Investment Partners LLC now owns 3,410 shares of the e-commerce giant’s stock valued at $751,000 after acquiring an additional 271 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Buying and Selling

In other Amazon.com 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 value of $4,585,989.60. Following the completion of the sale, the chief executive officer now directly owns 2,118,886 shares of the company’s stock, 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 filing with the SEC, which is available through this link. Also, CEO Douglas J. Herrington sold 27,500 shares of the company’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 transaction, the chief executive officer now directly owns 497,067 shares in the company, valued at $114,459,618.09. This represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 102,298 shares of company stock valued at $22,871,828. 10.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AMZN. Scotiabank increased their target price on shares of Amazon.com from $246.00 to $306.00 and gave the stock a “sector outperform” rating in a report on Friday, January 24th. Rosenblatt Securities upped their price target on shares of Amazon.com from $236.00 to $287.00 and gave the stock a “buy” rating in a report on Friday, February 7th. JMP Securities reiterated a “market outperform” rating and issued a $285.00 price target on shares of Amazon.com in a research note on Friday, February 7th. Barclays upped their target price on Amazon.com from $235.00 to $265.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Finally, Stifel Nicolaus lifted their price target on Amazon.com from $245.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus price target of $260.65.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $194.95 on Friday. The company has a market capitalization of $2.07 trillion, a PE ratio of 35.25, a PEG ratio of 1.50 and a beta of 1.19. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The stock’s 50 day moving average price is $219.36 and its 200-day moving average price is $207.85. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. On average, equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.