Accredited Wealth Management LLC Invests $1.14 Million in Amazon.com, Inc. (NASDAQ:AMZN)

Accredited Wealth Management LLC bought a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 5,199 shares of the e-commerce giant's stock, valued at approximately $1,141,000. Amazon.com makes up about 1.0% of Accredited Wealth Management LLC's portfolio, making the stock its 24th biggest position.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Amazon.com in the fourth quarter valued at approximately $27,266,582,000. Capital World Investors increased its stake in shares of Amazon.com by 36.8% in the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock valued at $14,416,078,000 after buying an additional 17,681,004 shares during the period. Vanguard Group Inc. increased its stake in shares of Amazon.com by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock valued at $180,637,081,000 after buying an additional 17,635,391 shares during the period. Proficio Capital Partners LLC increased its stake in shares of Amazon.com by 17,054.5% in the fourth quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant's stock valued at $2,652,116,000 after buying an additional 12,018,120 shares during the period. Finally, Capital International Investors increased its stake in shares of Amazon.com by 26.5% in the fourth quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant's stock valued at $12,564,961,000 after buying an additional 12,000,745 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on AMZN. Oppenheimer lowered their price objective on Amazon.com from $260.00 to $220.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Bank of America lowered their price objective on Amazon.com from $257.00 to $225.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Raymond James reiterated an "outperform" rating and issued a $195.00 target price (down from $275.00) on shares of Amazon.com in a report on Monday, April 21st. BNP Paribas upgraded Amazon.com to a "hold" rating in a report on Wednesday, April 30th. Finally, DA Davidson reduced their target price on Amazon.com from $280.00 to $230.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Four investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company's stock. According to data from MarketBeat, Amazon.com has a consensus rating of "Moderate Buy" and a consensus price target of $244.09.

Insider Activity at Amazon.com

In related news, SVP David Zapolsky sold 19,212 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $217.50, for a total value of $4,178,610.00. Following the completion of the sale, the senior vice president now directly owns 49,950 shares of the company's stock, valued at approximately $10,864,125. This represents a 27.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 2,695 shares of the 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 completion of the sale, the vice president now directly owns 119,780 shares of the company's stock, valued at $24,050,626.20. The trade was a 2.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 118,749 shares of company stock valued at $24,197,235. 9.70% of the stock is owned by insiders.

Amazon.com Stock Down 1.0%

Shares of AMZN traded down $2.11 during trading hours on Friday, reaching $200.99. The stock had a trading volume of 33,340,050 shares, compared to its average volume of 41,962,799. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The firm has a 50-day simple moving average of $190.05 and a 200 day simple moving average of $208.80. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $2.13 trillion, a price-to-earnings ratio of 36.35, a P/E/G ratio of 1.50 and a beta of 1.30.

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

Amazon.com Company 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.