Wise Wealth Partners Takes $298,000 Position in Amazon.com, Inc. (NASDAQ:AMZN)

Wise Wealth Partners purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,357 shares of the e-commerce giant's stock, valued at approximately $298,000.

Other institutional investors have also bought and sold shares of the company. Accordant Advisory Group Inc boosted its stake in shares of 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 buying an additional 100 shares during the last quarter. Prudent Man Investment Management Inc. purchased a new stake in shares of Amazon.com during the fourth quarter valued at approximately $27,000. LSV Asset Management bought a new stake in Amazon.com during the fourth quarter worth $35,000. Perritt Capital Management Inc boosted its position in Amazon.com by 72.7% in the fourth 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 last quarter. Finally, Quattro Financial Advisors LLC grew its stake 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 valued at $51,000 after purchasing an additional 45 shares during the period. Institutional investors own 72.20% of the company's stock.

Amazon.com Trading Up 1.0%

NASDAQ AMZN traded up $1.98 during trading on Thursday, hitting $203.10. 38,797,180 shares of the company's stock traded hands, compared to its average volume of 41,908,253. The stock has a fifty day moving average of $189.74 and a two-hundred day moving average of $208.74. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The firm has a market cap of $2.16 trillion, a P/E ratio of 36.73, a PEG ratio of 1.50 and a beta of 1.30. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87.

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 for the quarter, beating 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 company had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. During the same quarter in the previous year, the company posted $0.98 EPS. Amazon.com's revenue for the quarter was up 8.6% on a year-over-year basis. As a group, sell-side analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling at Amazon.com

In related news, CEO Andrew R. Jassy sold 20,784 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the sale, the chief executive officer now directly owns 2,118,886 shares of the company's stock, valued at $467,532,195.90. This trade represents a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Keith Brian Alexander sold 1,000 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $210.68, for a total value of $210,680.00. Following the transaction, the director now owns 5,465 shares in the company, valued at approximately $1,151,366.20. This represents a 15.47% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 80,081 shares of company stock worth $17,421,044. 9.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

AMZN has been the topic of a number of research analyst reports. Benchmark reissued a "buy" rating and issued a $260.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Canaccord Genuity Group reaffirmed a "buy" rating on shares of Amazon.com in a report on Thursday, February 13th. UBS Group reissued a "buy" rating on shares of Amazon.com in a report on Tuesday, May 6th. JMP Securities reissued a "market outperform" rating on shares of Amazon.com in a research report on Tuesday, May 6th. Finally, The Goldman Sachs Group dropped their price target on Amazon.com from $255.00 to $220.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Four equities research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of "Moderate Buy" and an average target price of $244.09.

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.