Arrowroot Family Office LLC Acquires 2,581 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Arrowroot Family Office LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 50.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,662 shares of the e-commerce giant's stock after acquiring an additional 2,581 shares during the period. Amazon.com accounts for approximately 0.9% of Arrowroot Family Office LLC's holdings, making the stock its 28th biggest position. Arrowroot Family Office LLC's holdings in Amazon.com were worth $1,681,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Accordant Advisory Group Inc lifted its stake in 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 last quarter. Prudent Man Investment Management Inc. acquired a new stake in Amazon.com during the fourth quarter valued at approximately $27,000. LSV Asset Management acquired a new stake in Amazon.com during the fourth quarter valued at approximately $35,000. Perritt Capital Management Inc lifted its stake in 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 last quarter. Finally, Quattro Financial Advisors LLC lifted its position in shares of Amazon.com by 23.8% in the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after acquiring an additional 45 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on AMZN. Citizens Jmp reduced their price target on shares of Amazon.com from $285.00 to $240.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Needham & Company LLC restated a "buy" rating and issued a $220.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Amazon.com from $287.00 to $206.00 and set a "buy" rating for the company in a research report on Monday, April 14th. JMP Securities restated a "market outperform" rating on shares of Amazon.com in a research report on Tuesday, May 6th. Finally, Morgan Stanley reduced their price target on shares of Amazon.com from $280.00 to $245.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Four investment analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company. Based on data from MarketBeat, Amazon.com presently has a consensus rating of "Moderate Buy" and a consensus price target of $244.09.

Insiders Place Their Bets

In other news, SVP David Zapolsky sold 19,212 shares of the firm's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the completion of the transaction, the senior vice president now directly owns 49,950 shares of the company's stock, valued at approximately $10,864,125. This trade represents a 27.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 2,695 shares of the firm's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total transaction of $541,129.05. Following the transaction, 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. Insiders have sold 118,749 shares of company stock worth $24,197,235 in the last ninety days. Insiders own 9.70% of the company's stock.

Amazon.com Stock Performance

NASDAQ AMZN traded down $2.11 during midday trading on Friday, hitting $200.99. The company had a trading volume of 33,340,050 shares, compared to its average volume of 41,962,890. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The stock has a market cap 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. The firm has a fifty day simple moving average of $189.89 and a two-hundred day simple moving average of $208.79. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.21. The company 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 business's quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the business posted $0.98 EPS. Equities analysts forecast 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.