Fourth Dimension Wealth LLC Takes Position in Amazon.com, Inc. (NASDAQ:AMZN)

Fourth Dimension Wealth LLC purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 25,431 shares of the e-commerce giant's stock, valued at approximately $5,620,000. Amazon.com makes up 2.9% of Fourth Dimension Wealth LLC's holdings, making the stock its 8th biggest position.

A number of other hedge funds have also made changes to their positions in AMZN. Prudent Man Investment Management Inc. purchased a new stake in Amazon.com during the 4th quarter worth about $27,000. Accordant Advisory Group Inc grew its holdings in Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after buying an additional 100 shares during the period. LSV Asset Management acquired a new position in shares of Amazon.com in the 4th quarter valued at about $35,000. Perritt Capital Management Inc lifted its stake in shares of Amazon.com by 72.7% in the 4th 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 in the last quarter. Finally, Compass Planning Associates Inc acquired a new position in Amazon.com during the 4th quarter worth approximately $51,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insiders Place Their Bets

In other Amazon.com news, Director Keith Brian Alexander sold 1,000 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $210.68, for a total transaction of $210,680.00. Following the completion of the sale, the director now directly owns 5,465 shares in the company, valued at approximately $1,151,366.20. This trade represents a 15.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 4,784 shares of the firm's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $205.05, for a total value of $980,959.20. Following the sale, the chief executive officer now owns 514,150 shares of the company's stock, valued at $105,426,457.50. The trade was a 0.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 102,037 shares of company stock worth $20,531,075. 9.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Citigroup reissued an "outperform" rating on shares of Amazon.com in a research report on Friday, May 2nd. UBS Group reissued a "buy" rating on shares of Amazon.com in a research report on Tuesday, May 6th. Canaccord Genuity Group reissued a "buy" rating on shares of Amazon.com in a research report on Thursday, February 13th. JPMorgan Chase & Co. increased their target price on Amazon.com from $225.00 to $240.00 and gave the stock an "overweight" rating in a research report on Wednesday. Finally, JMP Securities reaffirmed a "market outperform" rating on shares of Amazon.com in a research report on Tuesday, May 6th. Four equities research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $244.89.

Amazon.com Trading Up 0.3%

Shares of NASDAQ:AMZN traded up $0.68 during midday trading on Thursday, reaching $207.91. The company had a trading volume of 51,794,788 shares, compared to its average volume of 42,029,545. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The firm has a market cap of $2.21 trillion, a price-to-earnings ratio of 37.60, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33. The company has a fifty day simple moving average of $191.06 and a two-hundred day simple moving average of $208.60.

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, beating analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The business had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. During the same quarter last year, the company posted $0.98 EPS. Amazon.com's revenue for the quarter was up 8.6% on a year-over-year basis. Research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current 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.