Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by NorthRock Partners LLC

NorthRock Partners LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 183.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 147,082 shares of the e-commerce giant's stock after acquiring an additional 95,236 shares during the quarter. Amazon.com comprises about 1.1% of NorthRock Partners LLC's investment portfolio, making the stock its 18th biggest position. NorthRock Partners LLC's holdings in Amazon.com were worth $32,268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Regent Peak Wealth Advisors LLC boosted its holdings in shares of Amazon.com by 0.7% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 45,153 shares of the e-commerce giant's stock valued at $9,906,000 after purchasing an additional 318 shares during the period. RMR Wealth Builders boosted its holdings in shares of Amazon.com by 2.5% in the fourth quarter. RMR Wealth Builders now owns 70,423 shares of the e-commerce giant's stock valued at $15,450,000 after purchasing an additional 1,690 shares during the period. Sendero Wealth Management LLC boosted its holdings in shares of Amazon.com by 2.4% in the fourth quarter. Sendero Wealth Management LLC now owns 91,107 shares of the e-commerce giant's stock valued at $19,988,000 after purchasing an additional 2,125 shares during the period. BluePath Capital Management LLC boosted its holdings in shares of Amazon.com by 8.4% in the fourth quarter. BluePath Capital Management LLC now owns 15,897 shares of the e-commerce giant's stock valued at $3,473,000 after purchasing an additional 1,229 shares during the period. Finally, St. Louis Financial Planners Asset Management LLC purchased a new stake in shares of Amazon.com in the fourth quarter valued at approximately $2,838,000. 72.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on AMZN shares. Wedbush reiterated an "outperform" rating and issued a $235.00 price target (up previously from $225.00) on shares of Amazon.com in a report on Friday, May 2nd. Benchmark reiterated a "buy" rating and issued a $260.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Tigress Financial boosted their price target on Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Bank of America reduced their price objective on shares of Amazon.com from $257.00 to $225.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Amazon.com from $287.00 to $206.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Four research 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 an average rating of "Moderate Buy" and a consensus target price of $244.09.

Insider Transactions at Amazon.com

In other news, VP Shelley Reynolds sold 2,695 shares of the stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total transaction of $541,129.05. Following the sale, the vice president now directly owns 119,780 shares of the company's stock, valued at $24,050,626.20. This represents a 2.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the sale, the chief executive officer now directly owns 2,148,694 shares in the company, valued at approximately $432,532,102.20. The trade was a 0.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 99,537 shares of company stock valued at $20,018,625 in the last ninety days. 9.70% of the stock is currently owned by corporate insiders.

Amazon.com Price Performance

Shares of AMZN stock traded up $0.98 during mid-day trading on Thursday, hitting $205.70. 34,630,040 shares of the stock were exchanged, compared to its average volume of 41,998,996. The firm has a fifty day moving average of $190.55 and a 200 day moving average of $208.71. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The company has a market cap of $2.18 trillion, a PE ratio of 37.20, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (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 business 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 company posted $0.98 EPS. The company's revenue for the quarter was up 8.6% on a year-over-year basis. Research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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.