JBGlobal.com LLC Takes $573,000 Position in Amazon.com, Inc. (NASDAQ:AMZN)

JBGlobal.com LLC bought a new position in Amazon.com, Inc. (NASDAQ:AMZN) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 2,613 shares of the e-commerce giant’s stock, valued at approximately $573,000. Amazon.com makes up 0.6% of JBGlobal.com LLC’s portfolio, making the stock its 17th largest holding.

Other hedge funds also recently bought and sold shares of the company. Wall Street Financial Group Inc. boosted its holdings in Amazon.com by 22.5% during the 4th quarter. Wall Street Financial Group Inc. now owns 2,063 shares of the e-commerce giant’s stock valued at $453,000 after acquiring an additional 379 shares during the period. Atomi Financial Group Inc. boosted its position in shares of Amazon.com by 34.0% in the 4th quarter. Atomi Financial Group Inc. now owns 130,364 shares of the e-commerce giant’s stock worth $28,601,000 after purchasing an additional 33,107 shares in the last quarter. Great Waters Wealth Management increased its holdings in shares of Amazon.com by 5.8% during the fourth quarter. Great Waters Wealth Management now owns 7,800 shares of the e-commerce giant’s stock valued at $1,711,000 after acquiring an additional 430 shares in the last quarter. Monterey Private Wealth Inc. increased its position in shares of Amazon.com by 4.9% during the fourth quarter. Monterey Private Wealth Inc. now owns 12,930 shares of the e-commerce giant’s stock valued at $2,837,000 after acquiring an additional 601 shares in the last quarter. Finally, Transform Wealth LLC raised its position in Amazon.com by 13.9% in the 4th quarter. Transform Wealth LLC now owns 156,292 shares of the e-commerce giant’s stock worth $34,289,000 after buying an additional 19,072 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Telsey Advisory Group reissued an “outperform” rating and set a $275.00 price objective on shares of Amazon.com in a research report on Friday, January 31st. Royal Bank of Canada lifted their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. TD Cowen upped their target price on Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Moffett Nathanson upped their target price on Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, Mizuho boosted their target price on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Two equities research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $252.56.

Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $210.00, for a total transaction of $735,000.00. Following the completion of the transaction, the chief executive officer now directly owns 524,567 shares of the company’s stock, valued at $110,159,070. This trade represents a 0.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the sale, the director now owns 24,912 shares in the company, valued at $4,958,982.72. This represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,026,212 shares of company stock valued at $625,666,424 over the last three months. 10.80% of the stock is currently owned by company insiders.

Amazon.com Trading Up 1.1 %

NASDAQ:AMZN opened at $238.83 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $2.51 trillion, a PE ratio of 51.14, a P/E/G ratio of 1.35 and a beta of 1.15. The stock’s 50 day moving average price is $225.85 and its 200 day moving average price is $200.03. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. On average, research analysts anticipate that Amazon.com, Inc. will post 5.3 EPS for the current year.

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.