14,100 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Acquired by Challenger Wealth Management

Challenger Wealth Management acquired a new position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 14,100 shares of the e-commerce giant's stock, valued at approximately $3,093,000. Amazon.com comprises 2.7% of Challenger Wealth Management's portfolio, making the stock its 9th largest position.

A number of other hedge funds also recently added to or reduced their stakes in the company. Ascent Group LLC raised its stake in Amazon.com by 2.2% during the 4th quarter. Ascent Group LLC now owns 101,833 shares of the e-commerce giant's stock valued at $22,341,000 after buying an additional 2,180 shares during the last quarter. Fidelity D & D Bancorp Inc. raised its stake in Amazon.com by 2.4% during the 4th quarter. Fidelity D & D Bancorp Inc. now owns 2,683 shares of the e-commerce giant's stock valued at $589,000 after buying an additional 64 shares during the last quarter. Putney Financial Group LLC purchased a new stake in Amazon.com during the 4th quarter valued at $8,964,000. PVG Asset Management Corp purchased a new stake in Amazon.com during the 4th quarter valued at $743,000. Finally, Perennial Advisors LLC purchased a new stake in Amazon.com during the 4th quarter valued at $18,750,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Trading Up 2.7%

NASDAQ AMZN traded up $5.66 during trading on Friday, hitting $213.57. The stock had a trading volume of 39,746,466 shares, compared to its average volume of 42,103,488. 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 capitalization of $2.27 trillion, a price-to-earnings ratio of 38.62, a P/E/G ratio of 1.50 and a beta of 1.33. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The stock has a 50 day simple moving average of $191.84 and a 200 day simple moving average of $208.71.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $155.67 billion during 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%. The firm's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.98 earnings per share. Sell-side analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com 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 owns 509,474 shares of the company's stock, valued at approximately $95,776,017.26. The trade was a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Keith Brian Alexander sold 1,000 shares of Amazon.com stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $210.68, for a total transaction of $210,680.00. Following the sale, the director now directly owns 5,465 shares of the company's stock, valued at $1,151,366.20. This represents a 15.47% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 102,037 shares of company stock valued at $20,531,075 over the last 90 days. Insiders own 9.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. 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. DA Davidson cut their price objective on shares of Amazon.com from $280.00 to $230.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Wedbush reissued an "outperform" rating and set a $235.00 price objective (up previously from $225.00) on shares of Amazon.com in a research report on Friday, May 2nd. Morgan Stanley cut their price objective on shares of Amazon.com from $280.00 to $245.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Finally, Bank of America boosted their price objective on shares of Amazon.com from $230.00 to $248.00 and gave the company a "buy" rating in a research report on Monday, June 2nd. Four analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. According to MarketBeat.com, Amazon.com has an average rating of "Moderate Buy" and an average price target of $244.89.

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.