Straightline Group LLC Takes Position in Amazon.com, Inc. (NASDAQ:AMZN)

Straightline Group LLC bought a new stake in Amazon.com, Inc. (NASDAQ:AMZN) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,493 shares of the e-commerce giant's stock, valued at approximately $547,000. Amazon.com accounts for about 0.4% of Straightline Group LLC's portfolio, making the stock its 15th largest holding.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bernard Wealth Management Corp. acquired a new stake in Amazon.com in the fourth quarter worth approximately $6,589,000. German American Bancorp Inc. increased its position in Amazon.com by 1.7% in the 4th quarter. German American Bancorp Inc. now owns 120,438 shares of the e-commerce giant's stock worth $26,423,000 after purchasing an additional 2,035 shares during the last quarter. Sandhill Capital Partners LLC acquired a new stake in Amazon.com in the fourth quarter valued at approximately $4,373,000. Peachtree Investment Partners LLC increased its position in Amazon.com by 5.1% during the fourth quarter. Peachtree Investment Partners LLC now owns 32,786 shares of the e-commerce giant's stock worth $7,193,000 after buying an additional 1,583 shares during the last quarter. Finally, Shelton Capital Management grew its holdings in Amazon.com by 6.1% during the fourth quarter. Shelton Capital Management now owns 762,963 shares of the e-commerce giant's stock valued at $167,386,000 after purchasing an additional 43,861 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Buying and Selling

In related news, CFO Brian T. Olsavsky sold 14,620 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $223.14, for a total transaction of $3,262,306.80. Following the transaction, the chief financial officer now directly owns 49,000 shares of the company's stock, valued at approximately $10,933,860. This represents a 22.98 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the sale, the chief executive officer now directly owns 509,474 shares of the company's stock, valued at $95,776,017.26. This trade represents a 0.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 107,298 shares of company stock valued at $23,818,478 over the last ninety days. 9.70% of the stock is owned by corporate insiders.

Amazon.com Trading Down 0.7 %

NASDAQ AMZN opened at $185.01 on Wednesday. The company has a market cap of $1.96 trillion, a price-to-earnings ratio of 33.46, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The business's fifty day moving average is $189.45 and its 200 day moving average is $207.88. 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 issued its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.21. The firm had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The company'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 earnings per share. As a group, sell-side analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analysts Set New Price Targets

AMZN has been the subject of several research reports. Bank of America reduced their target price on shares of Amazon.com from $257.00 to $225.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Raymond James restated an "outperform" rating and set a $195.00 target price (down from $275.00) on shares of Amazon.com in a research report on Monday, April 21st. Evercore ISI lowered their price objective on shares of Amazon.com from $270.00 to $260.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Jefferies Financial Group dropped their target price on Amazon.com from $250.00 to $240.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Finally, Morgan Stanley cut their price objective on Amazon.com from $280.00 to $245.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $244.09.

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.

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