Frederick Financial Consultants LLC Invests $799,000 in Amazon.com, Inc. (NASDAQ:AMZN)

Frederick Financial Consultants LLC purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,641 shares of the e-commerce giant's stock, valued at approximately $799,000.

A number of other hedge funds also recently made changes to their positions in the business. Momentous Wealth Management Inc. acquired a new stake in Amazon.com in the fourth quarter worth about $749,000. Segall Bryant & Hamill LLC lifted its stake in shares of Amazon.com by 14.3% in the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock worth $69,572,000 after acquiring an additional 39,696 shares during the period. Evergreen Capital Management LLC boosted its holdings in shares of Amazon.com by 0.5% in the fourth quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock valued at $53,213,000 after acquiring an additional 1,198 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Amazon.com by 173.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant's stock worth $759,434,000 after purchasing an additional 2,196,353 shares in the last quarter. Finally, Blankinship & Foster LLC lifted its position in Amazon.com by 216.4% in the third quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant's stock worth $1,291,000 after purchasing an additional 4,740 shares during the period. Institutional investors own 72.20% of the company's stock.

Amazon.com Stock Up 0.2%

AMZN stock traded up $0.42 during trading hours on Friday, hitting $205.59. The company's stock had a trading volume of 43,001,394 shares, compared to its average volume of 41,940,309. The stock has a 50 day moving average price of $189.15 and a two-hundred day moving average price of $208.40. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company has a market capitalization of $2.18 trillion, a PE ratio of 37.18, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. 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 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 during the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Amazon.com's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.98 EPS. On average, equities research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on AMZN shares. StockNews.com downgraded Amazon.com from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Loop Capital boosted their price target on shares of Amazon.com from $275.00 to $285.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. Wedbush reissued an "outperform" rating and issued a $235.00 price target (up from $225.00) on shares of Amazon.com in a report on Friday, May 2nd. Bank of America lowered their price objective on shares of Amazon.com from $257.00 to $225.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Finally, Raymond James reiterated an "outperform" rating and issued a $195.00 target price (down from $275.00) on shares of Amazon.com in a report on Monday, April 21st. Four research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. Based on data from MarketBeat.com, Amazon.com currently has an average rating of "Moderate Buy" and a consensus price target of $244.09.

Insiders Place Their Bets

In other news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the transaction, the chief executive officer now owns 2,118,886 shares of the company's stock, valued at approximately $467,532,195.90. This represents a 0.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP David Zapolsky sold 19,212 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $217.50, for a total value of $4,178,610.00. Following the completion of the sale, the senior vice president now owns 49,950 shares of the company's stock, valued at approximately $10,864,125. This trade represents a 27.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 80,798 shares of company stock valued at $17,696,733 over the last quarter. Insiders own 9.70% of the company's stock.

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.