Menard Financial Group LLC Has $6.69 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Menard Financial Group LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 6.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,489 shares of the e-commerce giant's stock after buying an additional 1,748 shares during the quarter. Amazon.com comprises approximately 4.0% of Menard Financial Group LLC's holdings, making the stock its 3rd largest holding. Menard Financial Group LLC's holdings in Amazon.com were worth $6,689,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Amazon.com in the fourth quarter valued at about $2,037,963,000. Fidelity D & D Bancorp Inc. boosted its position in Amazon.com by 129.2% in the fourth quarter. Fidelity D & D Bancorp Inc. now owns 6,003 shares of the e-commerce giant's stock valued at $1,317,000 after buying an additional 3,384 shares during the last quarter. Brucke Financial Inc. purchased a new stake in Amazon.com in the fourth quarter valued at approximately $4,514,000. Omnia Family Wealth LLC boosted its position in Amazon.com by 4.3% in the fourth quarter. Omnia Family Wealth LLC now owns 14,762 shares of the e-commerce giant's stock valued at $3,239,000 after buying an additional 608 shares during the last quarter. Finally, Landaas & Co. WI ADV boosted its position in Amazon.com by 1.8% in the fourth quarter. Landaas & Co. WI ADV now owns 7,548 shares of the e-commerce giant's stock valued at $1,656,000 after buying an additional 132 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. JMP Securities reaffirmed a "market outperform" rating on shares of Amazon.com in a research note on Tuesday, May 6th. Evercore ISI decreased their target price on shares of Amazon.com from $270.00 to $260.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Telsey Advisory Group reissued an "outperform" rating and set a $235.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. Benchmark reissued a "buy" rating and set a $260.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. Finally, Scotiabank cut their target price on shares of Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating on the stock in a research note on Monday, April 21st. Four analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $244.89.

Amazon.com Stock Up 0.3%

AMZN traded up $0.63 during midday trading on Tuesday, reaching $217.61. 31,236,101 shares of the company were exchanged, compared to its average volume of 42,131,034. 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 company's fifty day moving average price is $193.04 and its 200 day moving average price is $209.02. The company has a market cap of $2.31 trillion, a price-to-earnings ratio of 39.35, a price-to-earnings-growth 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.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted 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 business had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Amazon.com's revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.98 earnings per share. As a group, analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 2,695 shares of Amazon.com stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP David Zapolsky sold 7,100 shares of Amazon.com stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $201.23, for a total transaction of $1,428,733.00. Following the transaction, the senior vice president now owns 60,600 shares of the company's stock, valued at $12,194,538. The trade was a 10.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 102,037 shares of company stock worth $20,531,075 over the last 90 days. Corporate insiders own 9.70% of the company's stock.

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.