NewEdge Advisors LLC Grows Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

NewEdge Advisors LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,247,668 shares of the e-commerce giant's stock after purchasing an additional 64,585 shares during the period. Amazon.com makes up about 1.6% of NewEdge Advisors LLC's portfolio, making the stock its 6th largest holding. NewEdge Advisors LLC's holdings in Amazon.com were worth $273,726,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Everest Management Corp. bought a new position in shares of Amazon.com in the fourth quarter valued at $1,232,000. Iron Gate Global Advisors LLC increased its holdings in shares of Amazon.com by 1.3% in the fourth quarter. Iron Gate Global Advisors LLC now owns 330,235 shares of the e-commerce giant's stock valued at $72,468,000 after buying an additional 4,091 shares in the last quarter. Rather & Kittrell Inc. increased its holdings in shares of Amazon.com by 43.2% in the fourth quarter. Rather & Kittrell Inc. now owns 2,356 shares of the e-commerce giant's stock valued at $517,000 after buying an additional 711 shares in the last quarter. Finer Wealth Management Inc. increased its holdings in shares of Amazon.com by 1.4% in the fourth quarter. Finer Wealth Management Inc. now owns 44,289 shares of the e-commerce giant's stock valued at $9,716,000 after buying an additional 610 shares in the last quarter. Finally, Lifelong Wealth Advisors Inc. bought a new position in shares of Amazon.com in the fourth quarter valued at $288,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AMZN has been the topic of several recent analyst reports. Loop Capital boosted their target price on shares of Amazon.com from $275.00 to $285.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. Cantor Fitzgerald boosted their target price on shares of Amazon.com from $230.00 to $240.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. 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. Citizens Jmp cut their target price on shares of Amazon.com from $285.00 to $240.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Finally, Barclays cut their target price on shares of Amazon.com from $265.00 to $240.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $244.09.

Amazon.com Stock Performance

Shares of NASDAQ AMZN traded up $2.73 during mid-day trading on Tuesday, hitting $211.37. The company had a trading volume of 55,966,898 shares, compared to its average volume of 41,981,128. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The business's 50-day simple moving average is $188.50 and its 200-day simple moving average is $208.25. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The firm has a market cap of $2.24 trillion, a P/E ratio of 38.22, a PEG ratio of 1.50 and a beta of 1.30.

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

Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $190.67, for a total transaction of $476,675.00. Following the completion of the sale, the chief executive officer now owns 506,974 shares of the company's stock, valued at approximately $96,664,732.58. This trade represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Brian T. Olsavsky sold 14,620 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $223.14, for a total transaction of $3,262,306.80. Following the sale, the chief financial officer now directly owns 49,000 shares of the company's stock, valued at approximately $10,933,860. The trade was a 22.98% decrease in their position. The disclosure for this sale can be found here. Insiders sold 107,298 shares of company stock valued at $23,818,478 over the last quarter. Corporate insiders own 9.70% of the company's stock.

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.