Abner Herrman & Brock LLC Raises Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Abner Herrman & Brock LLC grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 148,516 shares of the e-commerce giant’s stock after purchasing an additional 729 shares during the quarter. Amazon.com makes up about 4.0% of Abner Herrman & Brock LLC’s portfolio, making the stock its 2nd largest position. Abner Herrman & Brock LLC’s holdings in Amazon.com were worth $32,583,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Family Investment Center Inc. increased its stake in Amazon.com by 3.6% in the fourth quarter. Family Investment Center Inc. now owns 2,275 shares of the e-commerce giant’s stock valued at $499,000 after purchasing an additional 78 shares in the last quarter. FSM Wealth Advisors LLC raised its position in Amazon.com by 20.1% in the 4th quarter. FSM Wealth Advisors LLC now owns 18,390 shares of the e-commerce giant’s stock valued at $4,058,000 after buying an additional 3,076 shares during the last quarter. KPP Advisory Services LLC lifted its stake in Amazon.com by 2.2% during the 4th quarter. KPP Advisory Services LLC now owns 38,245 shares of the e-commerce giant’s stock valued at $8,391,000 after acquiring an additional 831 shares in the last quarter. NavPoint Financial Inc. boosted its stake in shares of Amazon.com by 8.4% in the 4th quarter. NavPoint Financial Inc. now owns 2,590 shares of the e-commerce giant’s stock worth $568,000 after buying an additional 200 shares during the last quarter. Finally, HHM Wealth Advisors LLC boosted its holdings in shares of Amazon.com by 3.6% in the 4th quarter. HHM Wealth Advisors LLC now owns 41,045 shares of the e-commerce giant’s stock worth $9,005,000 after buying an additional 1,411 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 27,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the transaction, the chief executive officer now owns 497,067 shares of the company’s stock, valued at $114,459,618.09. This represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Shelley Reynolds sold 8,833 shares of Amazon.com stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at $26,647,456.60. The trade was a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 110,149 shares of company stock worth $24,606,905 in the last 90 days. Company insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on AMZN shares. Wedbush reaffirmed an “outperform” rating and issued a $280.00 price objective on shares of Amazon.com in a report on Friday, February 7th. Loop Capital lifted their price target on Amazon.com from $275.00 to $285.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Phillip Securities lowered shares of Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, February 10th. Telsey Advisory Group reissued an “outperform” rating and set a $275.00 price target on shares of Amazon.com in a research report on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $260.65.

Amazon.com Trading Up 0.0 %

NASDAQ:AMZN opened at $212.80 on Wednesday. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The business has a 50 day moving average price of $227.11 and a two-hundred day moving average price of $205.20. The company has a market cap of $2.26 trillion, a P/E ratio of 38.48, a price-to-earnings-growth ratio of 1.50 and a beta of 1.15. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results 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%. As a group, analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.