Marshall & Sterling Wealth Advisors Inc. Invests $806,000 in Amazon.com, Inc. (NASDAQ:AMZN)

Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,675 shares of the e-commerce giant's stock, valued at approximately $806,000.

Other institutional investors have also recently made changes to their positions in the company. Accordant Advisory Group Inc increased its position 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 worth $27,000 after acquiring an additional 100 shares during the period. Prudent Man Investment Management Inc. purchased a new position in Amazon.com in the fourth quarter worth $27,000. LSV Asset Management acquired a new position in shares of Amazon.com during the fourth quarter worth $35,000. Perritt Capital Management Inc lifted its holdings in shares of 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 purchasing an additional 80 shares during the last quarter. Finally, Quattro Financial Advisors LLC boosted 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 worth $51,000 after purchasing an additional 45 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the sale, the chief executive officer now directly owns 2,118,886 shares in the company, valued at $467,532,195.90. This represents a 0.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Brian T. Olsavsky sold 14,620 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $223.14, for a total transaction of $3,262,306.80. Following the completion of the transaction, the chief financial officer now directly owns 49,000 shares of the company's stock, valued at $10,933,860. This represents a 22.98% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 80,081 shares of company stock worth $17,421,044. 9.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AMZN. Benchmark reissued a "buy" rating and issued a $260.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Telsey Advisory Group reaffirmed an "outperform" rating and set a $235.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Raymond James reissued an "outperform" rating and issued a $195.00 price target (down from $275.00) on shares of Amazon.com in a report on Monday, April 21st. Maxim Group upped their price objective on Amazon.com from $260.00 to $280.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Finally, Loop Capital lifted their target price on shares of Amazon.com from $275.00 to $285.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. Four investment analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $244.09.

Amazon.com Trading Down 1.4%

NASDAQ AMZN traded down $2.95 during trading hours on Wednesday, reaching $201.12. The company had a trading volume of 42,365,189 shares, compared to its average volume of 41,955,975. 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 stock has a market capitalization of $2.14 trillion, a P/E ratio of 36.37, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. The stock has a 50-day moving average of $189.68 and a 200 day moving average of $208.79. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52.

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

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.