Copia Wealth Management Makes New Investment in Amazon.com, Inc. (NASDAQ:AMZN)

Copia Wealth Management purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 5,668 shares of the e-commerce giant's stock, valued at approximately $1,244,000. Amazon.com accounts for approximately 1.2% of Copia Wealth Management's investment portfolio, making the stock its 23rd largest position.

A number of other institutional investors have also made changes to their positions in AMZN. Tallon Kerry Patrick bought a new stake in Amazon.com in the 4th quarter valued at $800,000. Capital & Planning LLC lifted its holdings in shares of Amazon.com by 72.1% during the 4th quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant's stock worth $856,000 after acquiring an additional 1,635 shares during the period. LaFleur & Godfrey LLC increased its stake in shares of Amazon.com by 1.8% in the 4th quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant's stock valued at $10,839,000 after purchasing an additional 860 shares during the last quarter. Mitsubishi UFJ Asset Management UK Ltd. boosted its position in Amazon.com by 38.2% in the fourth quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 43,400 shares of the e-commerce giant's stock valued at $9,522,000 after buying an additional 12,000 shares in the last quarter. Finally, Commons Capital LLC grew its holdings in shares of Amazon.com by 0.6% during the fourth quarter. Commons Capital LLC now owns 29,702 shares of the e-commerce giant's stock worth $6,516,000 after purchasing an additional 184 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Performance

Shares of AMZN traded up $3.41 during mid-day trading on Monday, hitting $216.98. 38,032,098 shares of the company traded hands, compared to its average volume of 42,143,652. The stock has a market cap of $2.30 trillion, a price-to-earnings ratio of 39.24, a P/E/G ratio of 1.50 and a beta of 1.33. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. 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 stock has a 50-day moving average price of $191.84 and a two-hundred day moving average price of $208.82.

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 (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion during 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 firm's quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.98 earnings per share. Equities analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on AMZN. Morgan Stanley dropped their target price on shares of Amazon.com from $280.00 to $245.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. JPMorgan Chase & Co. upped their price objective on Amazon.com from $225.00 to $240.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Wall Street Zen downgraded shares of Amazon.com from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Canaccord Genuity Group reiterated a "buy" rating on shares of Amazon.com in a research note on Thursday, February 13th. Finally, Rosenblatt Securities increased their target price on shares of Amazon.com from $287.00 to $288.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Four analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $244.89.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the transaction, the chief executive officer now directly owns 509,474 shares of the company's stock, valued at approximately $95,776,017.26. This trade represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Shelley Reynolds sold 2,695 shares of Amazon.com stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total value of $541,129.05. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at $24,050,626.20. This trade represents a 2.20% 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 valued at $20,531,075 over the last quarter. 9.70% of the stock is currently owned by company 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.