Amazon.com, Inc. (NASDAQ:AMZN) is Nemes Rush Group LLC's 9th Largest Position

Nemes Rush Group LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 10.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 93,636 shares of the e-commerce giant's stock after purchasing an additional 8,572 shares during the period. Amazon.com makes up approximately 2.5% of Nemes Rush Group LLC's portfolio, making the stock its 9th biggest holding. Nemes Rush Group LLC's holdings in Amazon.com were worth $20,543,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in AMZN. Swedbank AB increased its stake in shares of Amazon.com by 1.4% during the third quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant's stock worth $2,484,864,000 after buying an additional 183,610 shares during the period. Sassicaia Capital Advisers LLC acquired a new position in Amazon.com during the 3rd quarter worth approximately $279,000. Howard Capital Management Group LLC increased its position in shares of 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 valued at $66,434,000 after purchasing an additional 897 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Amazon.com by 5.1% in 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 in the last quarter. Finally, Moran Wealth Management LLC lifted its position in shares of Amazon.com by 18.0% during the 3rd quarter. Moran Wealth Management LLC now owns 18,225 shares of the e-commerce giant's stock worth $3,396,000 after purchasing an additional 2,782 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, VP Shelley Reynolds sold 8,833 shares of the business'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 transaction of $1,965,077.51. Following the transaction, the vice president now directly owns 119,780 shares of the company's stock, valued at approximately $26,647,456.60. The trade was a 6.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were 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 $95,776,017.26. This trade represents a 0.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 104,798 shares of company stock valued at $23,341,803 over the last quarter. Company insiders own 10.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AMZN. Cantor Fitzgerald raised their target price on Amazon.com from $230.00 to $240.00 and gave the stock an "overweight" rating in a research report on Friday. Maxim Group boosted their target price on Amazon.com from $260.00 to $280.00 and gave the company a "buy" rating in a report on Friday, February 7th. UBS Group dropped their price target on Amazon.com from $272.00 to $253.00 and set a "buy" rating on the stock in a research note on Tuesday. Deutsche Bank Aktiengesellschaft reduced their price objective on Amazon.com from $287.00 to $206.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, Westpark Capital reaffirmed a "buy" rating and issued a $280.00 target price on shares of Amazon.com in a report on Friday. Three equities research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. According to data from MarketBeat, Amazon.com has a consensus rating of "Moderate Buy" and a consensus target price of $243.55.

Amazon.com Price Performance

AMZN stock traded down $0.22 during trading on Friday, hitting $189.98. The stock had a trading volume of 77,794,995 shares, compared to its average volume of 41,684,289. The company's 50 day moving average price is $190.48 and its two-hundred day moving average price is $207.77. 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 stock has a market cap of $2.02 trillion, a price-to-earnings ratio of 34.35, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52.

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