Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Dupree Financial Group LLC

Dupree Financial Group LLC reduced its position in Amazon.com, Inc. (NASDAQ:AMZN) by 44.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 11,443 shares of the e-commerce giant’s stock after selling 9,087 shares during the quarter. Dupree Financial Group LLC’s holdings in Amazon.com were worth $2,511,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Clay Northam Wealth Management LLC boosted its holdings in shares of Amazon.com by 0.5% in the fourth quarter. Clay Northam Wealth Management LLC now owns 53,568 shares of the e-commerce giant’s stock valued at $11,752,000 after acquiring an additional 249 shares in the last quarter. Archer Investment Management LLC acquired a new stake in Amazon.com in the fourth quarter valued at about $278,000. Paul R. Ried Financial Group LLC acquired a new stake in Amazon.com in the fourth quarter valued at about $1,706,000. Trust Point Inc. boosted its holdings in Amazon.com by 5.0% in the 4th quarter. Trust Point Inc. now owns 48,413 shares of the e-commerce giant’s stock valued at $10,621,000 after purchasing an additional 2,321 shares in the last quarter. Finally, Blodgett Wealth Advisors LLC increased its position in Amazon.com by 6.0% during the 4th quarter. Blodgett Wealth Advisors LLC now owns 30,556 shares of the e-commerce giant’s stock worth $6,704,000 after purchasing an additional 1,725 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Robert W. Baird raised their price target on Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Canaccord Genuity Group restated a “buy” rating on shares of Amazon.com in a research report on Thursday, February 13th. Loop Capital upped their price target on shares of Amazon.com from $275.00 to $285.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Bank of America boosted their price objective on shares of Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Raymond James increased their target price on shares of Amazon.com from $260.00 to $275.00 in a report on Monday, February 10th. Two equities research 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 stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $260.65.

Amazon.com Stock Up 0.7 %

AMZN opened at $214.35 on Thursday. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The firm has a 50 day moving average price of $226.99 and a 200 day moving average price of $205.27. 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 company has a market cap of $2.27 trillion, a PE ratio of 38.76, a price-to-earnings-growth ratio of 1.50 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last released 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 9.29% and a return on equity of 24.25%. Sell-side analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Activity at Amazon.com

In other news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the completion of the sale, the chief executive officer now owns 2,118,886 shares of the company’s stock, valued at $467,532,195.90. This represents a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $210.00, for a total value of $735,000.00. Following the sale, the chief executive officer now owns 524,567 shares in the company, valued at approximately $110,159,070. The trade was a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 110,149 shares of company stock worth $24,606,905. 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.