Michels Family Financial LLC Acquires New Shares in Amazon.com, Inc. (NASDAQ:AMZN)

Michels Family Financial LLC acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 4,387 shares of the e-commerce giant's stock, valued at approximately $963,000.

Other large investors have also recently bought and sold shares of the company. Regent Peak Wealth Advisors LLC boosted its position in shares of Amazon.com by 0.7% in the 4th quarter. Regent Peak Wealth Advisors LLC now owns 45,153 shares of the e-commerce giant's stock worth $9,906,000 after purchasing an additional 318 shares during the last quarter. Tallon Kerry Patrick acquired a new stake in shares of Amazon.com during the fourth quarter worth $800,000. Capital & Planning LLC boosted its position in shares of Amazon.com by 72.1% during the fourth quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant's stock worth $856,000 after buying an additional 1,635 shares during the period. Willner & Heller LLC grew its position in Amazon.com by 2.1% in the fourth quarter. Willner & Heller LLC now owns 13,403 shares of the e-commerce giant's stock valued at $2,940,000 after purchasing an additional 282 shares in the last quarter. Finally, M.E. Allison & CO. Inc. acquired a new stake in shares of Amazon.com in the fourth quarter valued at about $1,474,000. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on AMZN shares. Evercore ISI reduced their price target on Amazon.com from $270.00 to $260.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Canaccord Genuity Group reissued a "buy" rating on shares of Amazon.com in a research report on Thursday, February 13th. Jefferies Financial Group lowered their price target on Amazon.com from $250.00 to $240.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. JMP Securities reissued a "market outperform" rating on shares of Amazon.com in a research note on Tuesday, May 6th. Finally, Scotiabank reduced their price objective on shares of Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating on the stock in a research note on Monday, April 21st. Four investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company's stock. According to MarketBeat, Amazon.com currently has an average rating of "Moderate Buy" and a consensus price target of $244.89.

Amazon.com Stock Performance

AMZN traded up $5.66 during trading on Friday, reaching $213.57. The company's stock had a trading volume of 39,742,962 shares, compared to its average volume of 42,060,312. The company's fifty day moving average price is $191.41 and its 200-day moving average price is $208.65. The company has a market capitalization of $2.27 trillion, a price-to-earnings ratio of 38.62, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33. 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 52-week low of $151.61 and a 52-week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS 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 firm had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. During the same quarter in the prior year, the firm earned $0.98 EPS. Amazon.com's quarterly revenue was up 8.6% on a year-over-year basis. On average, equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $204.98, for a total value of $512,450.00. Following the completion of the transaction, the chief executive officer now owns 517,050 shares of the company's stock, valued at $105,984,909. The trade was a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Shelley Reynolds sold 2,695 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total value 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. This trade represents a 2.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 102,037 shares of company stock worth $20,531,075. Company insiders own 9.70% of the company's stock.

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.