Amazon.com, Inc. (NASDAQ:AMZN) Stake Increased by JT Stratford LLC

JT Stratford LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 10.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,256 shares of the e-commerce giant's stock after purchasing an additional 5,426 shares during the period. Amazon.com accounts for approximately 2.0% of JT Stratford LLC's holdings, making the stock its 10th largest position. JT Stratford LLC's holdings in Amazon.com were worth $12,342,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of AMZN. Prudent Man Investment Management Inc. purchased a new position in shares of Amazon.com in the fourth quarter valued at about $27,000. Accordant Advisory Group Inc lifted 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 worth $27,000 after purchasing an additional 100 shares in the last quarter. LSV Asset Management bought a new position in Amazon.com in the 4th quarter worth approximately $35,000. Perritt Capital Management Inc grew its holdings in Amazon.com by 72.7% during the 4th 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 in the last quarter. Finally, Compass Planning Associates Inc bought a new stake in shares of Amazon.com during the fourth quarter valued at approximately $51,000. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Up 0.8%

Amazon.com stock traded up $1.70 during trading on Thursday, hitting $208.93. 39,558,452 shares of the company were exchanged, compared to its average volume of 41,987,644. 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 business's 50 day moving average is $191.06 and its 200 day moving average is $208.60. The company has a market capitalization of $2.22 trillion, a P/E ratio of 37.75, a PEG ratio of 1.50 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating the consensus estimate of $1.38 by $0.21. The business had revenue of $155.67 billion for the quarter, compared to the consensus estimate 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 was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.98 earnings per share. Analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AMZN. Citizens Jmp cut their target price on shares of Amazon.com from $285.00 to $240.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Royal Bank of Canada dropped their price objective on shares of Amazon.com from $235.00 to $230.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Cantor Fitzgerald lifted their target price on Amazon.com from $230.00 to $240.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Westpark Capital reissued a "buy" rating and set a $280.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $212.00 price objective (down from $215.00) on shares of Amazon.com in a report on Friday, May 2nd. Four analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. Based on data from MarketBeat, Amazon.com currently has a consensus rating of "Moderate Buy" and a consensus target price of $244.89.

Insider Activity at Amazon.com

In other news, CEO Douglas J. Herrington sold 4,784 shares of the stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $205.05, for a total transaction of $980,959.20. Following the transaction, the chief executive officer now directly owns 514,150 shares of the company's stock, valued at $105,426,457.50. This represents a 0.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Keith Brian Alexander sold 1,000 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $210.68, for a total transaction of $210,680.00. Following the sale, the director now owns 5,465 shares of the company's stock, valued at $1,151,366.20. This trade represents a 15.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 102,037 shares of company stock valued at $20,531,075 over the last 90 days. 9.70% of the stock is owned by insiders.

Amazon.com 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.