Ausdal Financial Partners Inc. Purchases 13,505 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Ausdal Financial Partners Inc. increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 41.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 46,459 shares of the e-commerce giant's stock after acquiring an additional 13,505 shares during the quarter. Amazon.com comprises about 0.9% of Ausdal Financial Partners Inc.'s portfolio, making the stock its 20th largest holding. Ausdal Financial Partners Inc.'s holdings in Amazon.com were worth $10,193,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Amazon.com by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock worth $180,637,081,000 after acquiring an additional 17,635,391 shares during the last quarter. Proficio Capital Partners LLC lifted its holdings in Amazon.com by 17,054.5% during the fourth quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant's stock worth $2,652,116,000 after buying an additional 12,018,120 shares during the period. Parnassus Investments LLC grew its stake in Amazon.com by 82,457.3% in the third quarter. Parnassus Investments LLC now owns 11,405,294 shares of the e-commerce giant's stock valued at $2,125,148,000 after purchasing an additional 11,391,479 shares during the last quarter. State Street Corp lifted its position in Amazon.com by 3.3% during the third quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant's stock valued at $66,926,008,000 after acquiring an additional 11,370,309 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Amazon.com by 3.4% in the 3rd quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant's stock worth $37,116,341,000 after purchasing an additional 6,545,944 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $220.65, for a total value of $4,585,989.60. Following the completion of the sale, the chief executive officer now directly owns 2,118,886 shares in the company, valued at $467,532,195.90. The trade was a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value 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. The trade was a 0.49 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 104,798 shares of company stock valued at $23,341,803. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Stock Performance

NASDAQ:AMZN traded down $2.97 during trading on Wednesday, reaching $184.42. The company's stock had a trading volume of 54,401,626 shares, compared to its average volume of 41,672,387. The firm has a 50 day moving average of $191.39 and a 200-day moving average of $207.74. 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 12 month low of $151.61 and a 12 month high of $242.52. The firm has a market cap of $1.96 trillion, a price-to-earnings ratio of 33.35, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Stifel Nicolaus dropped their price objective on shares of Amazon.com from $275.00 to $248.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Piper Sandler reiterated an "overweight" rating and issued a $265.00 target price (up from $225.00) on shares of Amazon.com in a research note on Friday, February 7th. The Goldman Sachs Group dropped their price target on shares of Amazon.com from $255.00 to $220.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Wedbush restated an "outperform" rating and issued a $280.00 target price on shares of Amazon.com in a research report on Friday, February 7th. Finally, Westpark Capital initiated coverage on Amazon.com in a research report on Tuesday, April 1st. They set a "buy" rating and a $280.00 price objective on the stock. Two analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $246.50.

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.