Note Advisors LLC Buys Shares of 1,411 Amazon.com, Inc. (NASDAQ:AMZN)

Note Advisors LLC purchased a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,411 shares of the e-commerce giant's stock, valued at approximately $309,000.

Other institutional investors also recently bought and sold shares of the company. Castlekeep Investment Advisors LLC acquired a new position in shares of Amazon.com during the fourth quarter worth $25,000. Accordant Advisory Group Inc increased its stake in Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after buying an additional 100 shares during the period. Prudent Man Investment Management Inc. acquired a new position in Amazon.com in the 4th quarter worth $27,000. LSV Asset Management purchased a new position in Amazon.com in the 4th quarter valued at about $35,000. Finally, Perritt Capital Management Inc grew its stake in shares of Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after acquiring an additional 80 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Price Performance

NASDAQ AMZN traded down $0.94 on Tuesday, reaching $205.71. 33,063,184 shares of the stock traded hands, compared to its average volume of 41,934,444. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company has a market cap of $2.18 trillion, a price-to-earnings ratio of 37.20, a P/E/G ratio of 1.50 and a beta of 1.30. The firm's fifty day simple moving average is $190.68 and its 200 day simple moving average is $208.63. 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 (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $154.96 billion. During the same period in the previous year, the company earned $0.98 earnings per share. Amazon.com's revenue was up 8.6% compared to the same quarter last year. As a group, research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling

In other news, VP Shelley Reynolds sold 2,695 shares of the stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total value of $541,129.05. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at $24,050,626.20. This represents a 2.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.00. Following the transaction, the chief executive officer now owns 509,474 shares in the company, valued at $95,776,017.26. This represents a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 99,537 shares of company stock worth $20,018,625 in the last three months. 9.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on AMZN shares. Royal Bank of Canada cut their price target on Amazon.com from $235.00 to $230.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Wall Street Zen lowered Amazon.com from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Needham & Company LLC reiterated a "buy" rating and set a $220.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. Bank of America lifted their price target on shares of Amazon.com from $230.00 to $248.00 and gave the stock a "buy" rating in a research note on Monday. Finally, Westpark Capital reiterated a "buy" rating and set a $280.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $244.57.

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.