UP Strategic Wealth Investment Advisors LLC Acquires 2,640 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

UP Strategic Wealth Investment Advisors LLC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 27.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,380 shares of the e-commerce giant's stock after purchasing an additional 2,640 shares during the quarter. Amazon.com accounts for 2.7% of UP Strategic Wealth Investment Advisors LLC's portfolio, making the stock its 10th largest position. UP Strategic Wealth Investment Advisors LLC's holdings in Amazon.com were worth $2,716,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in AMZN. Accordant Advisory Group Inc raised its holdings in Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after purchasing an additional 100 shares during the period. Prudent Man Investment Management Inc. acquired a new position in Amazon.com in the 4th quarter worth about $27,000. LSV Asset Management acquired a new position in Amazon.com in the 4th quarter worth about $35,000. 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 purchasing an additional 80 shares during the period. Finally, Quattro Financial Advisors LLC raised its holdings in 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 during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Activity

In other news, Director Keith Brian Alexander sold 1,000 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $210.68, for a total value of $210,680.00. Following the sale, the director now directly owns 5,465 shares in the company, valued at approximately $1,151,366.20. This trade represents a 15.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $220.65, for a total value of $4,585,989.60. Following the completion of the sale, the chief executive officer now owns 2,118,886 shares in the company, valued at approximately $467,532,195.90. The trade was a 0.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 80,081 shares of company stock worth $17,421,044. Corporate insiders own 9.70% of the company's stock.

Amazon.com Trading Up 1.0%

Shares of AMZN traded up $1.98 during midday trading on Thursday, hitting $203.10. 38,808,731 shares of the stock were exchanged, compared to its average volume of 41,963,905. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The stock has a fifty day simple moving average of $189.89 and a 200 day simple moving average of $208.79. The firm has a market cap of $2.16 trillion, a P/E ratio of 36.73, a P/E/G ratio of 1.50 and a beta of 1.30. 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 (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.21. The business had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the firm earned $0.98 earnings per share. On average, research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on AMZN shares. Tigress Financial increased their target price on Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Maxim Group increased their target price on Amazon.com from $260.00 to $280.00 and gave the company a "buy" rating in a report on Friday, February 7th. Citizens Jmp reduced their target price on Amazon.com from $285.00 to $240.00 and set an "outperform" rating for the company in a report on Monday, April 14th. The Goldman Sachs Group reduced their target price on Amazon.com from $255.00 to $220.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Finally, Westpark Capital reissued a "buy" rating and set a $280.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company. According to MarketBeat.com, Amazon.com presently has an average rating of "Moderate Buy" and a consensus price target of $244.09.

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.