Scholtz & Company LLC Increases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Scholtz & Company LLC grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 9.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 58,827 shares of the e-commerce giant's stock after buying an additional 5,288 shares during the period. Amazon.com makes up 6.2% of Scholtz & Company LLC's holdings, making the stock its 3rd biggest position. Scholtz & Company LLC's holdings in Amazon.com were worth $12,906,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Swedbank AB grew its holdings in Amazon.com by 1.4% in the third quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant's stock worth $2,484,864,000 after purchasing an additional 183,610 shares during the period. Sassicaia Capital Advisers LLC acquired a new stake in shares of Amazon.com in the 3rd quarter valued at about $279,000. Howard Capital Management Group LLC raised its stake in Amazon.com by 0.3% during the 3rd quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant's stock worth $66,434,000 after buying an additional 897 shares during the period. Principal Financial Group Inc. boosted its holdings in Amazon.com by 5.1% in the third quarter. Principal Financial Group Inc. now owns 20,166,314 shares of the e-commerce giant's stock worth $3,757,589,000 after acquiring an additional 984,570 shares in the last quarter. Finally, Moran Wealth Management LLC grew its stake in Amazon.com by 18.0% in the third quarter. Moran Wealth Management LLC now owns 18,225 shares of the e-commerce giant's stock valued at $3,396,000 after acquiring an additional 2,782 shares during the period. Institutional investors own 72.20% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on AMZN shares. Wedbush restated an "outperform" rating and issued a $235.00 target price (up previously from $225.00) on shares of Amazon.com in a report on Friday. Telsey Advisory Group reiterated an "outperform" rating and issued a $235.00 price objective on shares of Amazon.com in a research note on Friday. JMP Securities reiterated a "market outperform" rating and set a $240.00 target price on shares of Amazon.com in a research report on Thursday. Westpark Capital reiterated a "buy" rating and issued a $280.00 price target on shares of Amazon.com in a research report on Friday. Finally, Citigroup lowered their target price on shares of Amazon.com from $273.00 to $225.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Three research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. Based on data from MarketBeat.com, Amazon.com presently has an average rating of "Moderate Buy" and an average target price of $243.55.

Amazon.com Price Performance

NASDAQ:AMZN traded down $0.22 on Friday, reaching $189.98. 77,794,995 shares of the company's stock traded hands, compared to its average volume of 41,694,379. The stock has a 50-day simple moving average of $190.48 and a 200-day simple moving average of $207.92. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The firm has a market cap of $2.02 trillion, a PE ratio of 34.35, a P/E/G 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 (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. The company had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The firm's revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.98 EPS. Equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In related news, VP Shelley Reynolds sold 8,833 shares of the business's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $222.47, for a total value of $1,965,077.51. Following the sale, the vice president now owns 119,780 shares in the company, valued at approximately $26,647,456.60. The trade was a 6.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the transaction, the chief executive officer now owns 497,067 shares of the company's stock, valued at $114,459,618.09. This trade represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 104,798 shares of company stock valued at $23,341,803 in the last 90 days. Insiders own 10.80% 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.