Allred Capital Management LLC Acquires 1,340 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Allred Capital Management LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 9.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,204 shares of the e-commerce giant's stock after acquiring an additional 1,340 shares during the period. Amazon.com accounts for approximately 1.3% of Allred Capital Management LLC's portfolio, making the stock its 17th largest holding. Allred Capital Management LLC's holdings in Amazon.com were worth $3,336,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Prudent Man Investment Management Inc. bought a new position in shares of Amazon.com in the fourth quarter worth $27,000. Accordant Advisory Group Inc grew its position in Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after buying an additional 100 shares in the last quarter. LSV Asset Management bought a new position in Amazon.com in the 4th quarter worth about $35,000. Perritt Capital Management Inc boosted its position in shares of Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after acquiring an additional 80 shares during the last quarter. Finally, Compass Planning Associates Inc purchased a new position in shares of Amazon.com during the fourth quarter worth about $51,000. 72.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on AMZN shares. Tigress Financial increased their target price on Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Raymond James reiterated an "outperform" rating and set a $195.00 price objective (down from $275.00) on shares of Amazon.com in a research report on Monday, April 21st. Citigroup restated an "outperform" rating on shares of Amazon.com in a research report on Friday, May 2nd. Rosenblatt Securities increased their price target on shares of Amazon.com from $287.00 to $288.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Finally, Wells Fargo & Company decreased their price target on shares of 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. Four analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $244.09.

Amazon.com Stock Down 2.4%

Shares of AMZN stock traded down $5.08 during trading hours on Thursday, hitting $205.17. 64,245,647 shares of the company's stock traded hands, compared to its average volume of 42,068,987. 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 fifty day simple moving average is $188.94 and its two-hundred day simple moving average is $208.28. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The stock has a market cap of $2.18 trillion, a price-to-earnings ratio of 37.10, a PEG ratio of 1.50 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $154.96 billion. During the same quarter in the previous year, the business earned $0.98 earnings per share. The firm's quarterly revenue was up 8.6% compared to the same quarter last year. On average, analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the transaction, the chief executive officer now owns 509,474 shares in the company, valued at approximately $95,776,017.26. This represents a 0.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Keith Brian Alexander sold 1,000 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $210.68, for a total transaction of $210,680.00. Following the transaction, the director now owns 5,465 shares in the company, valued at approximately $1,151,366.20. This trade represents a 15.47% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 80,798 shares of company stock valued at $17,696,733. 9.70% of the stock is owned by insiders.

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.