5,969 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Acquired by Wood Tarver Financial Group LLC

Wood Tarver Financial Group LLC acquired a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,969 shares of the e-commerce giant's stock, valued at approximately $1,309,000.

A number of other institutional investors have also recently added to or reduced their stakes in AMZN. Norges Bank bought a new position in Amazon.com in the 4th quarter worth about $27,266,582,000. Capital World Investors boosted its position in shares of Amazon.com by 36.8% during the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock worth $14,416,078,000 after buying an additional 17,681,004 shares during the period. Vanguard Group Inc. boosted its position in shares of Amazon.com by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock worth $180,637,081,000 after buying an additional 17,635,391 shares during the period. Proficio Capital Partners LLC grew its holdings in Amazon.com by 17,054.5% in the 4th 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 in the last quarter. Finally, Capital International Investors increased its position in Amazon.com by 26.5% in the 4th quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant's stock valued at $12,564,961,000 after acquiring an additional 12,000,745 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AMZN has been the subject of a number of analyst reports. Truist Financial reduced their price target on Amazon.com from $265.00 to $230.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Barclays reduced their price objective on shares of Amazon.com from $265.00 to $240.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Morgan Stanley lowered their target price on shares of Amazon.com from $280.00 to $245.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Mizuho reduced their price target on shares of Amazon.com from $285.00 to $255.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $235.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $244.89.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.00. Following the transaction, the chief executive officer now directly owns 509,474 shares of the company's stock, valued at approximately $95,776,017.26. This represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Shelley Reynolds sold 2,695 shares of Amazon.com stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total value of $541,129.05. Following the sale, the vice president now directly owns 119,780 shares of the company's stock, valued at approximately $24,050,626.20. The trade was a 2.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,037 shares of company stock valued at $20,531,075 in the last quarter. Company insiders own 9.70% of the company's stock.

Amazon.com Trading Up 2.7%

Shares of NASDAQ AMZN opened at $213.57 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The business has a 50-day moving average price of $191.84 and a two-hundred day moving average price of $208.75. The firm has a market capitalization of $2.27 trillion, a PE ratio of 38.62, a PEG ratio of 1.50 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The business had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. During the same period last year, the company posted $0.98 earnings per share. The firm's quarterly revenue was up 8.6% compared to the same quarter last year. As a group, analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.

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