Monograph Wealth Advisors LLC Purchases 2,965 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Monograph Wealth Advisors LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 18.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,475 shares of the e-commerce giant's stock after acquiring an additional 2,965 shares during the period. Amazon.com comprises about 0.6% of Monograph Wealth Advisors LLC's portfolio, making the stock its 25th biggest position. Monograph Wealth Advisors LLC's holdings in Amazon.com were worth $4,273,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Castlekeep Investment Advisors LLC acquired a new position in shares of Amazon.com during the fourth quarter worth $25,000. Accordant Advisory Group Inc lifted its holdings in Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after buying an additional 100 shares during the period. Prudent Man Investment Management Inc. bought a new stake in shares of Amazon.com in the 4th quarter valued at about $27,000. LSV Asset Management bought a new stake in shares of Amazon.com in the 4th quarter valued at about $35,000. Finally, Perritt Capital Management Inc increased its stake in shares of Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after buying an additional 80 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Stock Up 0.7%

Amazon.com stock traded up $1.52 during trading on Wednesday, hitting $207.23. 29,843,929 shares of the company were exchanged, compared to its average volume of 41,930,997. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. 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 $2.20 trillion, a P/E ratio of 37.47, a PEG ratio of 1.50 and a beta of 1.33. The business's 50 day moving average is $190.77 and its 200 day moving average is $208.61.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share 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 for the quarter, compared to analysts' expectations of $154.96 billion. During the same period in the previous year, the company earned $0.98 earnings per share. The firm's revenue for the quarter was up 8.6% compared to the same quarter last year. Analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Transactions at Amazon.com

In related news, CEO Matthew S. Garman sold 20,923 shares of the firm's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,211,799.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction dated Tuesday, April 1st. The stock was 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 directly owns 509,474 shares in the company, valued at approximately $95,776,017.26. This represents a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 102,037 shares of company stock worth $20,531,075 in the last 90 days. Insiders own 9.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on AMZN shares. Jefferies Financial Group cut their price objective on Amazon.com from $250.00 to $240.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Canaccord Genuity Group restated a "buy" rating on shares of Amazon.com in a report on Thursday, February 13th. Tigress Financial upped their price objective on shares of Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. The Goldman Sachs Group decreased their price objective on shares of Amazon.com from $255.00 to $220.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Finally, Royal Bank of Canada lowered their target price on shares of Amazon.com from $235.00 to $230.00 and set an "outperform" rating for the company in a research note 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 stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $244.89.

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.