Curran Financial Partners LLC Purchases 665 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Curran Financial Partners LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 10.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,969 shares of the e-commerce giant’s stock after purchasing an additional 665 shares during the period. Curran Financial Partners LLC’s holdings in Amazon.com were worth $1,529,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of AMZN. Fiera Capital Corp increased its holdings in Amazon.com by 12.5% during the 2nd quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock worth $77,515,000 after purchasing an additional 44,615 shares during the period. Wealthgate Family Office LLC bought a new position in shares of Amazon.com during the 2nd quarter worth $262,000. Purus Wealth Management LLC increased its stake in shares of Amazon.com by 4.9% during the second quarter. Purus Wealth Management LLC now owns 48,999 shares of the e-commerce giant’s stock valued at $9,469,000 after buying an additional 2,275 shares during the period. Argent Trust Co raised its holdings in shares of Amazon.com by 2.6% in the second quarter. Argent Trust Co now owns 222,134 shares of the e-commerce giant’s stock valued at $42,927,000 after acquiring an additional 5,631 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. lifted its stake in Amazon.com by 5.9% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 317,914 shares of the e-commerce giant’s stock worth $61,437,000 after acquiring an additional 17,832 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Down 0.7 %

Shares of Amazon.com stock opened at $228.68 on Friday. The firm has a market cap of $2.40 trillion, a PE ratio of 41.35, a P/E/G ratio of 1.36 and a beta of 1.15. 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, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The business’s fifty day moving average is $228.21 and its two-hundred day moving average is $202.30.

Amazon.com (NASDAQ:AMZN) last released its earnings results 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 9.29% and a return on equity of 25.49%. Analysts anticipate that Amazon.com, Inc. will post 6.24 earnings per share for the current year.

Insider Activity

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the transaction, the director now directly owns 24,912 shares of the company’s stock, valued at $4,958,982.72. The trade was a 4.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $210.00, for a total transaction of $735,000.00. Following the sale, the chief executive officer now directly owns 524,567 shares of the company’s stock, valued at approximately $110,159,070. This trade represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 51,848 shares of company stock valued at $11,368,639 in the last ninety days. Company insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several research reports. Stifel Nicolaus upped their price target on shares of Amazon.com from $245.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Wedbush restated an “outperform” rating and set a $280.00 target price on shares of Amazon.com in a report on Friday, February 7th. Oppenheimer boosted their price target on Amazon.com from $230.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Sanford C. Bernstein boosted their target price on shares of Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a report on Wednesday, December 18th. Finally, Phillip Securities cut shares of Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, February 10th. Two investment 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. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $260.74.

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.