Concord Asset Management LLC VA Acquires 4,031 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Concord Asset Management LLC VA boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 10.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,201 shares of the e-commerce giant’s stock after buying an additional 4,031 shares during the quarter. Amazon.com comprises 2.0% of Concord Asset Management LLC VA’s portfolio, making the stock its 15th biggest holding. Concord Asset Management LLC VA’s holdings in Amazon.com were worth $9,039,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of AMZN. Chicago Partners Investment Group LLC grew its holdings in Amazon.com by 6.2% during the fourth quarter. Chicago Partners Investment Group LLC now owns 127,571 shares of the e-commerce giant’s stock valued at $28,337,000 after purchasing an additional 7,470 shares during the last quarter. New Millennium Group LLC lifted its stake in shares of Amazon.com by 7.7% in the fourth quarter. New Millennium Group LLC now owns 31,173 shares of the e-commerce giant’s stock worth $6,839,000 after buying an additional 2,235 shares during the last quarter. Waldron Private Wealth LLC boosted its holdings in shares of Amazon.com by 0.6% during the 4th quarter. Waldron Private Wealth LLC now owns 93,337 shares of the e-commerce giant’s stock worth $20,477,000 after buying an additional 534 shares during the period. Everett Harris & Co. CA grew its stake in Amazon.com by 1.5% in the 4th quarter. Everett Harris & Co. CA now owns 1,035,659 shares of the e-commerce giant’s stock valued at $227,213,000 after buying an additional 15,233 shares during the last quarter. Finally, Total Clarity Wealth Management Inc. raised its holdings in Amazon.com by 13.1% in the 4th quarter. Total Clarity Wealth Management Inc. now owns 17,634 shares of the e-commerce giant’s stock worth $3,869,000 after acquiring an additional 2,048 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Down 2.8 %

NASDAQ AMZN opened at $216.58 on Friday. The stock has a market capitalization of $2.30 trillion, a P/E ratio of 39.16, a price-to-earnings-growth ratio of 1.54 and a beta of 1.15. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The stock has a fifty day moving average of $227.88 and a 200-day moving average of $204.26.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. On average, equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Transactions at Amazon.com

In other Amazon.com 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 value of $735,000.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the sale, the director now owns 88,203 shares of the company’s stock, valued at $20,273,459.55. The trade was a 4.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 40,852 shares of company stock worth $9,324,151 in the last quarter. 10.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on AMZN shares. Deutsche Bank Aktiengesellschaft upped their price target on shares of Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a report on Friday, November 1st. Susquehanna increased their target price on Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a research note on Friday, November 1st. Canaccord Genuity Group reaffirmed a “buy” rating on shares of Amazon.com in a report on Thursday, February 13th. Bank of America upped their price target on Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Maxim Group raised their price objective on shares of Amazon.com from $260.00 to $280.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $260.74.

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.