12,829 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Acquired by Novem Group

Novem Group acquired a new position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,829 shares of the e-commerce giant's stock, valued at approximately $2,815,000.

A number of other hedge funds have also recently added to or reduced their stakes in AMZN. Castlekeep Investment Advisors LLC bought a new stake in Amazon.com during the fourth quarter worth approximately $25,000. Accordant Advisory Group Inc boosted its holdings in shares of 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 valued at $27,000. LSV Asset Management acquired a new position in Amazon.com in the 4th quarter valued at $35,000. Finally, Perritt Capital Management Inc raised its holdings in Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after acquiring an additional 80 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Activity

In other news, CEO Andrew R. Jassy sold 19,872 shares of the company's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,000,233.60. Following the completion of the sale, the chief executive officer now directly owns 2,148,694 shares of the company's stock, valued at $432,532,102.20. This represents a 0.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the transaction, the chief executive officer now directly owns 509,474 shares in the company, valued at $95,776,017.26. The trade was a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 102,037 shares of company stock valued at $20,531,075 over the last 90 days. 9.70% of the stock is owned by company insiders.

Analyst Ratings Changes

AMZN has been the subject of a number of recent analyst reports. Bank of America upped their price target on shares of Amazon.com from $230.00 to $248.00 and gave the company a "buy" rating in a report on Monday. Stifel Nicolaus decreased their target price on Amazon.com from $248.00 to $245.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Mizuho dropped their price target on Amazon.com from $285.00 to $255.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Tigress Financial upped their price target on Amazon.com from $290.00 to $305.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Finally, Wedbush restated an "outperform" rating and issued a $235.00 price objective (up previously from $225.00) 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. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $244.89.

Amazon.com Price Performance

Shares of AMZN stock traded up $1.52 during trading hours on Wednesday, reaching $207.23. 29,843,929 shares of the company were exchanged, compared to its average volume of 41,930,997. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The stock's fifty day moving average is $190.77 and its two-hundred day moving average is $208.61. The company has a market cap of $2.20 trillion, a price-to-earnings ratio of 37.47, a P/E/G ratio of 1.50 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The business's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.98 EPS. Sell-side analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal 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.