Yoder Wealth Management Inc. Acquires 4,397 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Yoder Wealth Management Inc. grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 62.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,441 shares of the e-commerce giant's stock after acquiring an additional 4,397 shares during the quarter. Amazon.com accounts for 1.2% of Yoder Wealth Management Inc.'s portfolio, making the stock its 28th largest holding. Yoder Wealth Management Inc.'s holdings in Amazon.com were worth $2,177,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Tallon Kerry Patrick acquired a new position in shares of Amazon.com in the fourth quarter valued at $800,000. Capital & Planning LLC raised its stake in shares of 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 purchasing an additional 1,635 shares in the last quarter. LaFleur & Godfrey LLC raised its stake in shares of Amazon.com by 1.8% in the fourth quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant's stock valued at $10,839,000 after purchasing an additional 860 shares in the last quarter. Brighton Jones LLC raised its stake in shares of Amazon.com by 10.9% in the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock valued at $885,478,000 after purchasing an additional 397,007 shares in the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of Amazon.com in the fourth quarter valued at $301,650,000. 72.20% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $220.06, for a total value of $550,150.00. Following the sale, the chief executive officer owned 514,550 shares of the company's stock, valued at approximately $113,231,873. This trade represents a 0.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 2,695 shares of Amazon.com stock in a transaction that occurred on Wednesday, May 21st. The shares were 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 directly owned 119,780 shares in the company, valued at approximately $24,050,626.20. This represents a 2.20% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 6,886,613 shares of company stock worth $1,531,840,610. 10.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft cut their target price on Amazon.com from $287.00 to $206.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Mizuho dropped their price objective on Amazon.com from $285.00 to $255.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Jefferies Financial Group dropped their price objective on Amazon.com from $250.00 to $240.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Citigroup reiterated a "market outperform" rating on shares of Amazon.com in a research note on Thursday. Finally, Rosenblatt Securities increased their price objective on Amazon.com from $287.00 to $288.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Three analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $249.42.

Amazon.com Trading Up 1.2%

NASDAQ AMZN opened at $225.02 on Monday. The firm has a market cap of $2.39 trillion, a P/E ratio of 36.65, a P/E/G ratio of 1.69 and a beta of 1.33. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The stock's 50-day moving average is $209.90 and its 200-day moving average is $208.36. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. The company had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. Amazon.com's revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.98 earnings per share. Sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.

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