Integrity Wealth Advisors Inc. Buys New Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Integrity Wealth Advisors Inc. acquired 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 Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,466 shares of the e-commerce giant's stock, valued at approximately $1,199,000. Amazon.com makes up about 0.9% of Integrity Wealth Advisors Inc.'s portfolio, making the stock its 15th largest position.

Other hedge funds have also bought and sold shares of the company. Prudent Man Investment Management Inc. bought a new stake in Amazon.com during the fourth quarter worth about $27,000. Accordant Advisory Group Inc lifted its stake in shares of Amazon.com by 400.0% in the fourth 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 in the last quarter. LSV Asset Management bought a new position in shares of Amazon.com in the fourth quarter worth approximately $35,000. Perritt Capital Management Inc lifted its stake in shares of 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 buying an additional 80 shares in the last quarter. Finally, Compass Planning Associates Inc bought a new position in shares of Amazon.com in the fourth quarter worth approximately $51,000. Institutional investors own 72.20% of the company's stock.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $190.67, for a total value of $476,675.00. Following the completion of the sale, the chief executive officer now directly owns 506,974 shares of the company's stock, valued at $96,664,732.58. The trade was a 0.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Keith Brian Alexander sold 1,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $210.68, for a total transaction of $210,680.00. Following the completion of the sale, the director now directly owns 5,465 shares of the company's stock, valued at $1,151,366.20. The trade was a 15.47% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 80,798 shares of company stock valued at $17,696,733. Company insiders own 9.70% of the company's stock.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several analyst reports. JPMorgan Chase & Co. upped their target price on shares of Amazon.com from $220.00 to $225.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Maxim Group upped their target price on shares of Amazon.com from $260.00 to $280.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. DA Davidson dropped their target price on shares of Amazon.com from $280.00 to $230.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Loop Capital upped their target price on shares of Amazon.com from $275.00 to $285.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. Finally, JMP Securities restated a "market outperform" rating on shares of Amazon.com in a research report on Tuesday, May 6th. Four 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, the company currently has an average rating of "Moderate Buy" and a consensus price target of $244.09.

Amazon.com Price Performance

NASDAQ AMZN traded down $0.44 on Friday, reaching $204.73. The company had a trading volume of 13,807,787 shares, compared to its average volume of 41,829,475. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $2.17 trillion, a PE ratio of 37.04, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. The firm's 50 day moving average price is $189.15 and its 200 day moving average price is $208.40. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The company had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same period in the previous year, the firm posted $0.98 EPS. Amazon.com's revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, equities analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current 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.