Foresight Capital Management Advisors Inc. Purchases Shares of 12,444 Amazon.com, Inc. (NASDAQ:AMZN)

Foresight Capital Management Advisors Inc. purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,444 shares of the e-commerce giant's stock, valued at approximately $1,891,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Fiduciary Planning LLC raised its position in shares of Amazon.com by 1.5% during the 1st quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant's stock worth $1,138,000 after buying an additional 5 shares in the last quarter. HBC Financial Services PLLC increased its position in shares of Amazon.com by 0.8% in the first quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant's stock worth $1,717,000 after acquiring an additional 5 shares in the last quarter. Meridian Investment Counsel Inc. increased its position in shares of Amazon.com by 3.4% in the first quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant's stock worth $492,000 after acquiring an additional 5 shares in the last quarter. Alterna Wealth Management Inc. increased its position in shares of Amazon.com by 1.8% in the first quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant's stock worth $942,000 after acquiring an additional 5 shares in the last quarter. Finally, Archetype Wealth Partners increased its position in shares of Amazon.com by 3.7% in the first quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant's stock worth $552,000 after acquiring an additional 6 shares in the last quarter. 57.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of the company's stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $145.63, for a total transaction of $72,815.00. Following the transaction, the chief executive officer now directly owns 118,560 shares of the company's stock, valued at $17,265,892.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $145.63, for a total transaction of $72,815.00. Following the transaction, the chief executive officer now directly owns 118,560 shares of the company's stock, valued at approximately $17,265,892.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of Amazon.com stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the transaction, the insider now directly owns 982,252,968 shares in the company, valued at $167,140,165,034.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,210,010 shares of company stock valued at $5,505,133,106. 12.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Wedbush boosted their target price on shares of Amazon.com from $210.00 to $220.00 and gave the stock an "outperform" rating in a research report on Friday, February 2nd. Monness Crespi & Hardt upped their target price on shares of Amazon.com from $170.00 to $215.00 and gave the stock a "buy" rating in a report on Friday, February 2nd. Needham & Company LLC upped their target price on shares of Amazon.com from $175.00 to $205.00 and gave the stock a "buy" rating in a report on Friday, February 2nd. Oppenheimer increased their price objective on shares of Amazon.com from $200.00 to $210.00 and gave the stock an "outperform" rating in a report on Friday, February 2nd. Finally, The Goldman Sachs Group increased their price objective on shares of Amazon.com from $200.00 to $220.00 and gave the stock a "buy" rating in a report on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Amazon.com presently has an average rating of "Buy" and a consensus target price of $197.95.

Amazon.com Price Performance

Amazon.com stock traded up $0.72 during midday trading on Friday, reaching $178.87. The company's stock had a trading volume of 27,995,378 shares, compared to its average volume of 38,023,716. The stock has a market cap of $1.86 trillion, a PE ratio of 61.68, a price-to-earnings-growth ratio of 1.55 and a beta of 1.17. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The business has a 50-day moving average price of $168.72 and a 200-day moving average price of $150.29. Amazon.com, Inc. has a 52 week low of $96.29 and a 52 week high of $181.41.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating the consensus estimate of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The business had revenue of $169.96 billion for the quarter, compared to analysts' expectations of $165.96 billion. During the same period in the prior year, the business posted $0.21 earnings per share. The firm's revenue was up 13.9% on a year-over-year basis. On average, sell-side analysts predict that Amazon.com, Inc. will post 4.08 EPS for the current year.

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.