Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Demars Financial Group LLC

Demars Financial Group LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 21,944.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,850,864 shares of the e-commerce giant's stock after acquiring an additional 1,842,468 shares during the period. Amazon.com accounts for about 1.3% of Demars Financial Group LLC's portfolio, making the stock its 13th biggest position. Demars Financial Group LLC's holdings in Amazon.com were worth $406,061,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in AMZN. Prudent Man Investment Management Inc. bought a new position in Amazon.com in the fourth quarter worth approximately $27,000. Accordant Advisory Group Inc grew its position in shares of Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after purchasing an additional 100 shares in the last quarter. LSV Asset Management purchased a new position in Amazon.com during the fourth quarter worth about $35,000. Perritt Capital Management Inc boosted its holdings in shares of Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after purchasing an additional 80 shares in the last quarter. Finally, Compass Planning Associates Inc purchased a new position in shares of Amazon.com in the 4th quarter worth about $51,000. Institutional investors own 72.20% of the company's stock.

Amazon.com Trading Up 1.3%

Shares of Amazon.com stock traded up $2.73 during trading on Tuesday, reaching $211.37. The company's stock had a trading volume of 55,966,898 shares, compared to its average volume of 41,981,128. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The company has a market cap of $2.24 trillion, a price-to-earnings ratio of 38.22, a PEG ratio of 1.50 and a beta of 1.30. The firm's 50-day moving average is $188.50 and its two-hundred day moving average is $208.25.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $155.67 billion for 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%. Amazon.com's revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.98 EPS. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analysts Set New Price Targets

AMZN has been the topic of a number of research analyst reports. Rosenblatt Securities upped their target price on Amazon.com from $287.00 to $288.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Scotiabank decreased their target price on Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating on the stock in a report on Monday, April 21st. Bank of America decreased their price target on Amazon.com from $257.00 to $225.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Barclays reduced their target price on Amazon.com from $265.00 to $240.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Amazon.com from $287.00 to $206.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Four analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. Based on data from MarketBeat, Amazon.com presently has a consensus rating of "Moderate Buy" and an average target price of $244.09.

Insider Activity

In related news, CEO Andrew R. Jassy sold 20,784 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the sale, the chief executive officer now owns 2,118,886 shares in the company, valued at $467,532,195.90. This represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 value of $6,332,425.00. Following the transaction, the chief executive officer now directly owns 497,067 shares of the company's stock, valued at approximately $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 107,298 shares of company stock worth $23,818,478 over the last quarter. 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.