WBI Investments LLC Takes $2.77 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

WBI Investments LLC purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 12,643 shares of the e-commerce giant's stock, valued at approximately $2,774,000.

Other large investors have also made changes to their positions in the company. Regent Peak Wealth Advisors LLC boosted its position in 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 buying an additional 318 shares in the last quarter. Tallon Kerry Patrick acquired a new stake in Amazon.com in the fourth quarter valued at approximately $800,000. Capital & Planning LLC boosted its position in Amazon.com by 72.1% in the fourth quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant's stock valued at $856,000 after buying an additional 1,635 shares in the last quarter. Merit Financial Group LLC boosted its position in Amazon.com by 37.9% in the fourth quarter. Merit Financial Group LLC now owns 283,663 shares of the e-commerce giant's stock valued at $62,233,000 after buying an additional 77,972 shares in the last quarter. Finally, Sax Wealth Advisors LLC acquired a new stake in Amazon.com in the fourth quarter valued at approximately $5,949,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Buying and Selling

In related news, SVP David Zapolsky sold 13,570 shares of the business's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $202.41, for a total transaction of $2,746,703.70. Following the transaction, the senior vice president now directly owns 47,030 shares in the company, valued at approximately $9,519,342.30. The trade was a 22.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $190.67, for a total transaction of $476,675.00. Following the transaction, the chief executive officer now owns 506,974 shares in the company, valued at approximately $96,664,732.58. This trade represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 99,537 shares of company stock worth $20,018,625. 9.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AMZN. Evercore ISI cut their target price on shares of Amazon.com from $270.00 to $260.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Jefferies Financial Group dropped their price target on shares of Amazon.com from $250.00 to $240.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Benchmark reaffirmed a "buy" rating and set a $260.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. Royal Bank of Canada dropped their price target on shares of Amazon.com from $235.00 to $230.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Finally, Stifel Nicolaus dropped their price target on shares of Amazon.com from $248.00 to $245.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $244.57.

Amazon.com Stock Up 0.8%

Amazon.com stock traded up $1.64 during midday trading on Monday, hitting $206.65. 29,034,623 shares of the stock were exchanged, compared to its average volume of 41,968,820. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The stock has a market capitalization of $2.19 trillion, a price-to-earnings ratio of 37.37, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. The business's 50-day moving average price is $190.57 and its 200-day moving average price is $208.61. 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 quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share 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 analysts' expectations of $154.96 billion. During the same period in the previous year, the company earned $0.98 earnings per share. The firm's revenue for the quarter was up 8.6% compared to the same quarter last year. On average, research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Amazon.com 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.