Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Modern Wealth Management LLC

Modern Wealth Management LLC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 97.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 71,493 shares of the e-commerce giant's stock after buying an additional 35,213 shares during the quarter. Modern Wealth Management LLC's holdings in Amazon.com were worth $16,668,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of AMZN. Accordant Advisory Group Inc raised its stake in shares of Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after acquiring an additional 100 shares in the last quarter. Icon Wealth Advisors LLC raised its stake in shares of Amazon.com by 20.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant's stock worth $28,000 after acquiring an additional 25,581 shares in the last quarter. Quattro Financial Advisors LLC increased its stake in Amazon.com by 23.8% during 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 in the last quarter. Compass Planning Associates Inc acquired a new position in Amazon.com during the 4th quarter valued at approximately $51,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in Amazon.com during the 4th quarter valued at approximately $54,000. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Trading Down 0.7 %

NASDAQ:AMZN traded down $1.29 on Monday, hitting $187.70. The stock had a trading volume of 33,121,098 shares, compared to its average volume of 41,878,902. The company has a fifty day moving average price of $192.74 and a two-hundred day moving average price of $208.04. The stock has a market cap of $1.99 trillion, a price-to-earnings ratio of 33.94, a PEG ratio of 1.50 and a beta of 1.39. 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, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating analysts' consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Equities research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 27,500 shares of the company's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total value of $6,332,425.00. Following the transaction, the chief executive officer now directly owns 497,067 shares in the company, valued at approximately $114,459,618.09. This represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Shelley Reynolds sold 8,833 shares of the company's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the transaction, the vice president now owns 119,780 shares in the company, valued at $26,647,456.60. This trade represents a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 104,798 shares of company stock worth $23,341,803. Insiders own 10.80% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on AMZN. Wedbush restated an "outperform" rating and set a $280.00 price target on shares of Amazon.com in a research note on Friday, February 7th. Cantor Fitzgerald cut their price target on shares of Amazon.com from $270.00 to $230.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Westpark Capital began coverage on shares of Amazon.com in a research note on Tuesday, April 1st. They set a "buy" rating and a $280.00 price target on the stock. Piper Sandler restated an "overweight" rating and set a $265.00 price target (up previously from $225.00) on shares of Amazon.com in a research note on Friday, February 7th. Finally, Canaccord Genuity Group reiterated a "buy" rating on shares of Amazon.com in a research note on Thursday, February 13th. Two analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $246.73.

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.