Dagco Inc. Grows Position in Amazon.com, Inc. (NASDAQ:AMZN)

Dagco Inc. raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 36.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,774 shares of the e-commerce giant's stock after acquiring an additional 1,552 shares during the quarter. Dagco Inc.'s holdings in Amazon.com were worth $1,267,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Accordant Advisory Group Inc increased its holdings in shares of 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. Prudent Man Investment Management Inc. bought a new stake in Amazon.com during the fourth quarter valued at approximately $27,000. LSV Asset Management bought a new position in Amazon.com during the fourth quarter valued at approximately $35,000. Perritt Capital Management Inc lifted its position in shares of Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after purchasing an additional 80 shares during the last quarter. Finally, Quattro Financial Advisors LLC increased its stake in Amazon.com by 23.8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after purchasing an additional 45 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on AMZN. BNP Paribas upgraded shares of Amazon.com to a "hold" rating in a research note on Wednesday, April 30th. HSBC lifted 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. Evercore ISI decreased their target price on Amazon.com from $270.00 to $260.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Stifel Nicolaus dropped their target price on shares of Amazon.com from $248.00 to $245.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Finally, Oppenheimer reduced their price objective on Amazon.com from $260.00 to $220.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Four equities research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $244.09.

Insider Transactions at Amazon.com

In related news, CEO Andrew R. Jassy sold 20,784 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer now owns 2,118,886 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is available at 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 stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the sale, the vice president now owns 119,780 shares in the company, valued at approximately $26,647,456.60. This represents a 6.87% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 107,298 shares of company stock valued at $23,818,478. 9.70% of the stock is currently owned by corporate insiders.

Amazon.com Stock Up 1.3%

NASDAQ:AMZN traded up $2.73 during trading hours on Tuesday, reaching $211.37. The company had a trading volume of 55,966,898 shares, compared to its average volume of 41,981,128. The firm has a market cap of $2.24 trillion, a price-to-earnings ratio of 38.22, a P/E/G ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. 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 business's 50-day simple moving average is $188.50 and its two-hundred day simple moving average is $208.25.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 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 firm had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same period in the prior year, the company earned $0.98 EPS. The company's quarterly revenue was up 8.6% compared to the same quarter last year. On average, equities 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.