16,087 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Purchased by Ameriflex Group Inc.

Ameriflex Group Inc. acquired a new position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 16,087 shares of the e-commerce giant's stock, valued at approximately $3,824,000. Amazon.com comprises about 1.7% of Ameriflex Group Inc.'s investment portfolio, making the stock its 7th biggest position.

Other institutional investors also recently modified their holdings of the company. Castlekeep Investment Advisors LLC acquired a new position in shares of Amazon.com during the fourth quarter valued at about $25,000. Accordant Advisory Group Inc raised its holdings in shares of Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after purchasing an additional 100 shares during the period. Prudent Man Investment Management Inc. acquired a new position in shares of Amazon.com during the fourth quarter valued at about $27,000. LSV Asset Management acquired a new position in shares of Amazon.com during the fourth quarter valued at about $35,000. Finally, Perritt Capital Management Inc raised its holdings in shares of Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after purchasing an additional 80 shares during the period. Institutional investors own 72.20% of the company's stock.

Insider Activity

In related news, CEO Matthew S. Garman sold 20,923 shares of the business'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 document filed with the SEC, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the business's 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 sale, the chief executive officer now directly owns 509,474 shares in the company, valued at $95,776,017.26. The trade was a 0.49% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 102,037 shares of company stock valued at $20,531,075. Corporate insiders own 9.70% of the company's stock.

Amazon.com Trading Up 2.7%

Amazon.com stock traded up $5.66 during trading hours on Friday, reaching $213.57. The stock had a trading volume of 39,746,466 shares, compared to its average volume of 42,103,488. The stock has a market cap of $2.27 trillion, a PE ratio of 38.62, a PEG ratio of 1.50 and a beta of 1.33. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The company has a fifty day simple moving average of $191.84 and a 200-day simple moving average of $208.71.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Loop Capital upped their target price on shares of Amazon.com from $275.00 to $285.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. Needham & Company LLC restated a "buy" rating and issued a $220.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Bank of America upped their target price on shares of Amazon.com from $230.00 to $248.00 and gave the stock a "buy" rating in a report on Monday, June 2nd. DA Davidson lowered their target price on shares of Amazon.com from $280.00 to $230.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Amazon.com from $287.00 to $206.00 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 assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $244.89.

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.