Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Edge Capital Group LLC

Edge Capital Group LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 53,478 shares of the e-commerce giant’s stock after acquiring an additional 1,152 shares during the period. Edge Capital Group LLC’s holdings in Amazon.com were worth $11,733,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Accordant Advisory Group Inc lifted its holdings in shares of Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after acquiring an additional 100 shares during the last quarter. Icon Wealth Advisors LLC raised its position in Amazon.com by 20.5% in the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after purchasing an additional 25,581 shares during the period. Bull Oak Capital LLC acquired a new position in Amazon.com during the third quarter worth $45,000. Quattro Financial Advisors LLC boosted its position 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 worth $51,000 after buying an additional 45 shares during the period. Finally, Compass Planning Associates Inc acquired a new stake in shares of Amazon.com in the fourth quarter valued at $51,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on AMZN. Cantor Fitzgerald reissued an “overweight” rating and set a $270.00 target price on shares of Amazon.com in a research note on Friday, February 7th. Wedbush reissued an “outperform” rating and issued a $280.00 price objective on shares of Amazon.com in a research note on Friday, February 7th. Sanford C. Bernstein lifted their price objective on shares of Amazon.com from $235.00 to $265.00 and gave the company an “outperform” rating in a report on Wednesday, December 18th. HSBC increased their target price on shares of Amazon.com from $225.00 to $270.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Finally, Mizuho boosted their price target on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $260.65.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction dated 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 sale, the chief executive officer now owns 497,067 shares of the company’s stock, valued at $114,459,618.09. The trade was a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 8,833 shares of the 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 transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $26,647,456.60. This represents a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 102,298 shares of company stock worth $22,871,828 over the last 90 days. 10.80% of the stock is currently owned by insiders.

Amazon.com Trading Down 2.2 %

NASDAQ AMZN opened at $201.13 on Thursday. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The firm has a market cap of $2.13 trillion, a PE ratio of 36.37, a P/E/G ratio of 1.50 and a beta of 1.19. The firm’s fifty day moving average is $217.91 and its two-hundred day moving average is $208.80. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating 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%. Analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current 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.