Advisory Services Network LLC Purchases 25,972 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Advisory Services Network LLC grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 537,622 shares of the e-commerce giant's stock after purchasing an additional 25,972 shares during the period. Amazon.com makes up 2.2% of Advisory Services Network LLC's portfolio, making the stock its 4th biggest holding. Advisory Services Network LLC's holdings in Amazon.com were worth $117,949,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Straightline Group LLC bought a new stake in shares of Amazon.com in the 4th quarter worth approximately $547,000. Bernard Wealth Management Corp. bought a new position in shares of Amazon.com in the fourth quarter valued at $6,589,000. German American Bancorp Inc. boosted its stake in shares of Amazon.com by 1.7% during the 4th quarter. German American Bancorp Inc. now owns 120,438 shares of the e-commerce giant's stock worth $26,423,000 after acquiring an additional 2,035 shares in the last quarter. Sandhill Capital Partners LLC bought a new stake in shares of Amazon.com during the 4th quarter worth $4,373,000. Finally, Peachtree Investment Partners LLC raised its position in shares of Amazon.com by 5.1% during the fourth quarter. Peachtree Investment Partners LLC now owns 32,786 shares of the e-commerce giant's stock worth $7,193,000 after purchasing an additional 1,583 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 5,501 shares of Amazon.com stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the completion of the sale, the chief executive officer now owns 505,318 shares of the company's stock, valued at approximately $115,434,843.92. The trade was a 1.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 8,833 shares of the company's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $222.47, for a total value of $1,965,077.51. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at $26,647,456.60. The trade was a 6.87 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 107,298 shares of company stock worth $23,818,478. 9.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on AMZN shares. Bank of America decreased their price target on Amazon.com from $257.00 to $225.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. DA Davidson decreased their target price on shares of Amazon.com from $280.00 to $230.00 and set a "buy" rating for the company in a report on Monday, April 14th. Tigress Financial boosted their price target on shares of Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a report on Tuesday. Benchmark reaffirmed a "buy" rating and issued a $260.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $235.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. According to data from MarketBeat.com, Amazon.com has a consensus rating of "Moderate Buy" and a consensus price target of $244.09.

Amazon.com Trading Down 0.7 %

Shares of AMZN opened at $185.01 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The company has a market cap of $1.96 trillion, a price-to-earnings ratio of 33.46, a PEG ratio of 1.50 and a beta of 1.30. The stock has a fifty day moving average price of $189.45 and a two-hundred day moving average price of $207.88. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating 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 business had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same quarter in the prior year, the firm posted $0.98 earnings per share. The firm's revenue for the quarter was up 8.6% compared to the same quarter last year. Analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal 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.

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