Strategic Equity Management Acquires Shares of 1,698 Amazon.com, Inc. (NASDAQ:AMZN)

Strategic Equity Management acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN) during the 4th quarter, Holdings Channel.com reports. The fund acquired 1,698 shares of the e-commerce giant’s stock, valued at approximately $373,000.

A number of other hedge funds also recently modified their holdings of the stock. Accordant Advisory Group Inc increased its stake in 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 acquiring an additional 100 shares during the period. Icon Wealth Advisors LLC increased its holdings in Amazon.com by 20.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after buying an additional 25,581 shares during the period. Quattro Financial Advisors LLC raised its position in shares of Amazon.com by 23.8% in the 4th 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 in the last quarter. Compass Planning Associates Inc bought a new stake in shares of Amazon.com during the 4th quarter worth approximately $51,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Amazon.com during the 4th quarter worth approximately $54,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the transaction, the chief executive officer now directly owns 509,474 shares in the company, valued at approximately $95,776,017.26. This trade represents a 0.49 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction on Friday, February 21st. The stock was sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the transaction, the chief executive officer now directly owns 2,118,886 shares in the company, valued at $467,532,195.90. This represents a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 104,798 shares of company stock valued at $23,341,803 over the last 90 days. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Down 2.6 %

Amazon.com stock opened at $170.66 on Wednesday. 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 firm’s fifty day moving average price is $208.30 and its two-hundred day moving average price is $208.70. The firm has a market capitalization of $1.81 trillion, a price-to-earnings ratio of 30.86, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AMZN. Wolfe Research raised their target price on Amazon.com from $250.00 to $270.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Wells Fargo & Company reduced their price objective on Amazon.com from $207.00 to $203.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 25th. Needham & Company LLC reiterated a “buy” rating and issued a $250.00 target price on shares of Amazon.com in a research report on Friday, February 7th. Sanford C. Bernstein increased their target price on shares of Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a report on Wednesday, December 18th. Finally, Robert W. Baird lifted their price target on shares of Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Two investment analysts have rated the stock with a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and an average target price of $259.26.

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.