Gilliland Jeter Wealth Management LLC Makes New Investment in Amazon.com, Inc. (NASDAQ:AMZN)

Gilliland Jeter Wealth Management LLC bought a new position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 48,072 shares of the e-commerce giant's stock, valued at approximately $7,304,000. Amazon.com comprises 3.0% of Gilliland Jeter Wealth Management LLC's holdings, making the stock its 6th biggest position.

Several other hedge funds have also recently made changes to their positions in AMZN. Cercano Management LLC boosted its holdings in shares of Amazon.com by 88.0% in the fourth quarter. Cercano Management LLC now owns 585,457 shares of the e-commerce giant's stock worth $88,954,000 after acquiring an additional 274,076 shares during the period. Fulton Breakefield Broenniman LLC increased its position in shares of Amazon.com by 6.9% during the fourth quarter. Fulton Breakefield Broenniman LLC now owns 228,867 shares of the e-commerce giant's stock valued at $34,774,000 after buying an additional 14,807 shares during the period. Darrow Company Inc. purchased a new stake in shares of Amazon.com in the fourth quarter worth about $274,000. Headlands Technologies LLC bought a new position in shares of Amazon.com in the fourth quarter valued at approximately $10,847,000. Finally, Citizens Financial Group Inc. RI increased its holdings in Amazon.com by 35.2% during the 4th quarter. Citizens Financial Group Inc. RI now owns 216,653 shares of the e-commerce giant's stock worth $32,918,000 after acquiring an additional 56,416 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on AMZN shares. TD Cowen upped their price target on shares of Amazon.com from $200.00 to $225.00 and gave the stock an "outperform" rating in a report on Friday, February 2nd. Bank of America lifted their price target on Amazon.com from $185.00 to $204.00 and gave the company a "buy" rating in a research report on Friday, February 2nd. Roth Mkm restated a "buy" rating and issued a $210.00 price objective (up from $205.00) on shares of Amazon.com in a research report on Wednesday, May 1st. JPMorgan Chase & Co. lifted their target price on shares of Amazon.com from $225.00 to $240.00 and gave the company an "overweight" rating in a research report on Wednesday, May 1st. Finally, Susquehanna increased their price target on shares of Amazon.com from $185.00 to $220.00 and gave the stock a "positive" rating in a report on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Amazon.com currently has an average rating of "Buy" and an average target price of $211.62.

Amazon.com Stock Up 0.6 %

Amazon.com stock traded up $1.07 during mid-day trading on Friday, hitting $184.70. The company had a trading volume of 33,175,655 shares, compared to its average volume of 47,273,132. Amazon.com, Inc. has a 12 month low of $113.78 and a 12 month high of $191.70. The company has a market capitalization of $1.92 trillion, a PE ratio of 51.74, a price-to-earnings-growth ratio of 1.33 and a beta of 1.15. The stock's 50 day moving average price is $181.35 and its two-hundred day moving average price is $164.50. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to analysts' expectations of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. Amazon.com's revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.31 EPS. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 4.67 earnings per share for the current fiscal year.

Insider Activity

In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company's stock, valued at approximately $20,239,226.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, VP Shelley Reynolds sold 3,100 shares of the business's stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company's stock, valued at $20,239,226.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jonathan Rubinstein sold 5,264 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $190.00, for a total transaction of $1,000,160.00. Following the transaction, the director now owns 104,400 shares in the company, valued at approximately $19,836,000. The disclosure for this sale can be found here. Insiders have sold a total of 2,132,396 shares of company stock worth $356,770,280 over the last 90 days. 10.80% of the stock is currently owned by insiders.

About Amazon.com

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.