Astra Wealth Partners LLC Takes Position in Amazon.com, Inc. (NASDAQ:AMZN)

Astra Wealth Partners LLC acquired a new position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,933 shares of the e-commerce giant's stock, valued at approximately $643,000.

A number of other hedge funds also recently made changes to their positions in the business. Prudent Man Investment Management Inc. acquired a new stake in Amazon.com in the 4th quarter valued at about $27,000. Accordant Advisory Group Inc boosted its stake in shares of Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after buying an additional 100 shares during the period. Perritt Capital Management Inc grew its stake in Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after purchasing an additional 80 shares in the last quarter. Compass Planning Associates Inc acquired a new position in Amazon.com in the fourth quarter worth approximately $51,000. Finally, Quattro Financial Advisors LLC increased its stake in shares of Amazon.com by 23.8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock worth $51,000 after purchasing an additional 45 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

Amazon.com Stock Down 1.9 %

NASDAQ:AMZN traded down $3.63 during mid-day trading on Monday, reaching $186.35. The company's stock had a trading volume of 35,143,339 shares, compared to its average volume of 41,668,220. 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 firm has a market capitalization of $1.98 trillion, a PE ratio of 33.70, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. The stock has a fifty day moving average of $190.48 and a 200-day moving average of $208.06. 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 issued its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. The company had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The firm's revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.98 EPS. Equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Stifel Nicolaus cut their price objective on Amazon.com from $248.00 to $245.00 and set a "buy" rating on the stock in a research note on Friday. Evercore ISI lowered their price target on Amazon.com from $270.00 to $260.00 and set an "outperform" rating on the stock in a research note on Friday. Bank of America reduced their price objective on shares of Amazon.com from $257.00 to $225.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Jefferies Financial Group decreased their price target on Amazon.com from $250.00 to $240.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Finally, Mizuho dropped their price objective on shares of Amazon.com from $285.00 to $255.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Three investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $243.55.

Insider Buying and Selling at Amazon.com

In related news, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction dated 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 owns 119,780 shares of the company's stock, valued at approximately $26,647,456.60. This represents a 6.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 27,500 shares of the company's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the sale, the chief executive officer now owns 497,067 shares in the company, valued at $114,459,618.09. The trade was a 5.24 % decrease in their ownership of the stock. 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 ninety days. Corporate insiders own 9.70% of the company's stock.

Amazon.com 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.