Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Grant GrossMendelsohn LLC

Grant GrossMendelsohn LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 10.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,977 shares of the e-commerce giant’s stock after buying an additional 361 shares during the quarter. Grant GrossMendelsohn LLC’s holdings in Amazon.com were worth $873,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Icon Wealth Advisors LLC raised its position in Amazon.com by 20.5% in the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after purchasing an additional 25,581 shares during the period. Hoese & Co LLP acquired a new stake in shares of Amazon.com in the third quarter valued at $37,000. Bull Oak Capital LLC acquired a new position in Amazon.com during the 3rd quarter worth about $45,000. Values First Advisors Inc. purchased a new position in Amazon.com during the 3rd quarter valued at about $56,000. Finally, IFS Advisors LLC grew its position in Amazon.com by 1,625.0% in the 4th quarter. IFS Advisors LLC now owns 345 shares of the e-commerce giant’s stock valued at $76,000 after acquiring an additional 325 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Wedbush reissued an “outperform” rating and set a $280.00 price target (up previously from $260.00) on shares of Amazon.com in a research report on Monday. Stifel Nicolaus raised their price target on shares of Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Royal Bank of Canada upped their price objective on Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Benchmark lifted their target price on Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $270.00 price target on shares of Amazon.com in a report on Wednesday, January 22nd. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $249.46.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $234.64 on Friday. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $241.77. The company has a 50-day moving average price of $222.30 and a 200 day moving average price of $198.30. The company has a market cap of $2.47 trillion, a P/E ratio of 50.24, a PEG ratio of 1.31 and a beta of 1.14. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same quarter in the prior year, the company posted $0.85 earnings per share. Amazon.com’s quarterly revenue was up 11.0% on a year-over-year basis. Research analysts predict that Amazon.com, Inc. will post 5.39 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Jeffrey P. Bezos sold 2,996,362 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the sale, the insider now owns 917,416,976 shares of the company’s stock, valued at $191,602,535,437.60. The trade was a 0.33 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jonathan Rubinstein sold 4,766 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $209.85, for a total value of $1,000,145.10. Following the completion of the transaction, the director now directly owns 94,630 shares of the company’s stock, valued at $19,858,105.50. The trade was a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,027,340 shares of company stock worth $1,252,456,773. Corporate insiders own 10.80% of the company’s stock.

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.