Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 7.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 129,055 shares of the e-commerce giant's stock after purchasing an additional 9,403 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in Amazon.com were worth $28,314,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Kolinsky Wealth Management LLC grew its stake in Amazon.com by 3.4% in the fourth quarter. Kolinsky Wealth Management LLC now owns 23,937 shares of the e-commerce giant's stock worth $5,252,000 after purchasing an additional 779 shares in the last quarter. Continuum Advisory LLC lifted its holdings in shares of Amazon.com by 4.8% in the 4th quarter. Continuum Advisory LLC now owns 73,350 shares of the e-commerce giant's stock worth $16,092,000 after buying an additional 3,382 shares during the period. Note Advisors LLC bought a new position in shares of Amazon.com during the 4th quarter worth $309,000. PharVision Advisers LLC purchased a new position in shares of Amazon.com during the fourth quarter valued at $433,000. Finally, NCM Capital Management LLC raised its holdings in shares of Amazon.com by 6.5% in the fourth quarter. NCM Capital Management LLC now owns 8,084 shares of the e-commerce giant's stock valued at $1,773,000 after acquiring an additional 494 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several recent research reports. Telsey Advisory Group reiterated an "outperform" rating and set a $235.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Oppenheimer dropped their price objective on shares of Amazon.com from $260.00 to $220.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Canaccord Genuity Group reissued a "buy" rating on shares of Amazon.com in a report on Thursday, February 13th. Citizens Jmp lowered their target price on Amazon.com from $285.00 to $240.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Finally, Bank of America increased their target price on Amazon.com from $230.00 to $248.00 and gave the company a "buy" rating in a research report on Monday. Four research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $244.89.

Amazon.com Stock Performance

Shares of NASDAQ AMZN traded up $1.70 during trading on Thursday, reaching $208.93. 39,558,452 shares of the company traded hands, compared to its average volume of 41,987,644. The stock has a market cap of $2.22 trillion, a P/E ratio of 37.75, a PEG ratio of 1.50 and a beta of 1.33. The firm's fifty day simple moving average is $191.06 and its 200 day simple moving average is $208.60. 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 12-month low of $151.61 and a 12-month high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $154.96 billion. During the same period last year, the business earned $0.98 earnings per share. Amazon.com's quarterly revenue was up 8.6% on a year-over-year basis. As a group, research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $190.67, for a total value of $476,675.00. Following the sale, the chief executive officer now directly owns 506,974 shares of the company's stock, valued at approximately $96,664,732.58. This trade represents a 0.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Keith Brian Alexander sold 1,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $210.68, for a total value of $210,680.00. Following the transaction, the director now directly owns 5,465 shares of the company's stock, valued at approximately $1,151,366.20. The trade was a 15.47% decrease in their ownership of the stock. 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 in the last three months. 9.70% of the stock is currently owned by corporate insiders.

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.