Fiducient Advisors LLC Grows Position in Amazon.com, Inc. (NASDAQ:AMZN)

Fiducient Advisors LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 54.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,729 shares of the e-commerce giant's stock after purchasing an additional 5,889 shares during the period. Fiducient Advisors LLC's holdings in Amazon.com were worth $3,670,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sassicaia Capital Advisers LLC purchased a new stake in Amazon.com during the 3rd quarter valued at $279,000. Howard Capital Management Group LLC increased its stake in Amazon.com by 0.3% in the 3rd quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant's stock worth $66,434,000 after buying an additional 897 shares during the period. Principal Financial Group Inc. increased its position in Amazon.com by 5.1% during the 3rd quarter. Principal Financial Group Inc. now owns 20,166,314 shares of the e-commerce giant's stock valued at $3,757,589,000 after purchasing an additional 984,570 shares during the period. Arete Wealth Advisors LLC bought a new stake in Amazon.com during the third quarter valued at about $14,648,000. Finally, Atreides Management LP increased its position in shares of Amazon.com by 18.8% during the third quarter. Atreides Management LP now owns 931,107 shares of the e-commerce giant's stock worth $173,493,000 after purchasing an additional 147,513 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AMZN has been the topic of several research analyst reports. Canaccord Genuity Group reiterated a "buy" rating on shares of Amazon.com in a research note on Thursday, February 13th. Westpark Capital reiterated a "buy" rating and set a $280.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Needham & Company LLC reaffirmed a "buy" rating and set a $220.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. Royal Bank of Canada decreased their target price on shares of Amazon.com from $235.00 to $230.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Finally, Scotiabank reduced their price target on Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating for the company in a report on Monday, April 21st. Four research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Amazon.com currently has an average rating of "Moderate Buy" and a consensus target price of $244.09.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 509,474 shares of the company's stock, valued at approximately $95,776,017.26. This trade represents a 0.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 8,833 shares of the business'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 approximately $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 quarter, insiders sold 79,798 shares of company stock worth $17,486,053. 9.70% of the stock is owned by insiders.

Amazon.com Stock Down 0.1%

Shares of NASDAQ:AMZN traded down $0.30 on Wednesday, hitting $211.07. 13,927,321 shares of the company's stock were exchanged, compared to its average volume of 41,873,338. 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, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The company has a market capitalization of $2.24 trillion, a PE ratio of 38.13, a P/E/G ratio of 1.50 and a beta of 1.30. The firm's 50-day moving average is $188.72 and its 200 day moving average is $208.27.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.21. The business had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The company's revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.98 EPS. Sell-side analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current 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.