Asset Allocation & Management Company LLC Invests $670,000 in Amazon.com, Inc. (NASDAQ:AMZN)

Asset Allocation & Management Company LLC purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,055 shares of the e-commerce giant’s stock, valued at approximately $670,000.

Several other institutional investors have also modified their holdings of AMZN. JTC Employer Solutions Trustee Ltd grew its position in Amazon.com by 10.4% in the 4th quarter. JTC Employer Solutions Trustee Ltd now owns 71,477 shares of the e-commerce giant’s stock valued at $15,811,000 after buying an additional 6,750 shares in the last quarter. Thomasville National Bank grew its position in Amazon.com by 0.7% in the 4th quarter. Thomasville National Bank now owns 371,246 shares of the e-commerce giant’s stock valued at $81,448,000 after buying an additional 2,578 shares in the last quarter. Compton Wealth Advisory Group LLC grew its position in Amazon.com by 6.0% in the 4th quarter. Compton Wealth Advisory Group LLC now owns 37,838 shares of the e-commerce giant’s stock valued at $8,301,000 after buying an additional 2,134 shares in the last quarter. Kieckhefer Group LLC bought a new position in Amazon.com in the 4th quarter valued at about $567,000. Finally, Capital Investment Advisors LLC grew its position in Amazon.com by 5.0% in the 4th quarter. Capital Investment Advisors LLC now owns 229,671 shares of the e-commerce giant’s stock valued at $50,388,000 after buying an additional 10,848 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Up 1.9 %

Shares of NASDAQ AMZN opened at $235.01 on Thursday. The stock has a market cap of $2.47 trillion, a PE ratio of 50.32, a PEG ratio of 1.26 and a beta of 1.14. The business has a fifty day moving average of $218.73 and a two-hundred day moving average of $196.68. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $235.44. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The company had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business’s revenue was up 11.0% on a year-over-year basis. During the same period last year, the business earned $0.85 earnings per share. As a group, equities research analysts expect that Amazon.com, Inc. will post 5.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on AMZN shares. Wedbush increased their target price on shares of Amazon.com from $250.00 to $260.00 and gave the company an “outperform” rating in a research report on Monday, January 6th. Evercore ISI upped their price target on shares of Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Scotiabank upped their price target on shares of Amazon.com from $245.00 to $246.00 and gave the company a “sector outperform” rating in a report on Friday, November 1st. UBS Group upped their price target on shares of Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a report on Monday, December 16th. Finally, Tigress Financial upped their price target on shares of Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a report on Friday, December 20th. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $247.72.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 5,502 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $205.81, for a total value of $1,132,366.62. Following the completion of the sale, the chief executive officer now directly owns 518,911 shares in the company, valued at approximately $106,797,072.91. This trade represents a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Matthew S. Garman sold 15,260 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $200.19, for a total value of $3,054,899.40. Following the completion of the sale, the chief executive officer now owns 349,261 shares of the company’s stock, valued at approximately $69,918,559.59. This trade represents a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,032,344 shares of company stock valued at $1,253,456,822. 10.80% of the stock is currently owned by company insiders.

Amazon.com Company 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.