Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Everhart Financial Group Inc.

Everhart Financial Group Inc. raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 13.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 53,057 shares of the e-commerce giant’s stock after buying an additional 6,250 shares during the period. Amazon.com makes up about 2.4% of Everhart Financial Group Inc.’s holdings, making the stock its 7th biggest holding. Everhart Financial Group Inc.’s holdings in Amazon.com were worth $11,640,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lakeridge Wealth Management LLC lifted its holdings in Amazon.com by 0.7% in the fourth quarter. Lakeridge Wealth Management LLC now owns 10,975 shares of the e-commerce giant’s stock worth $2,408,000 after acquiring an additional 73 shares during the last quarter. Ellis Investment Partners LLC increased its stake in shares of Amazon.com by 3.8% during the fourth quarter. Ellis Investment Partners LLC now owns 15,071 shares of the e-commerce giant’s stock valued at $3,306,000 after acquiring an additional 550 shares during the period. Next Level Wealth Planning LLC acquired a new position in Amazon.com in the fourth quarter worth approximately $831,000. TigerOak Management L.L.C. acquired a new position in Amazon.com in the fourth quarter worth approximately $13,095,000. Finally, Peregrine Investment Management Inc. acquired a new position in Amazon.com in the fourth quarter worth approximately $10,634,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amazon.com

In other news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $220.65, for a total value of $4,585,989.60. Following the transaction, the chief executive officer now directly 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the transaction, the chief executive officer now directly owns 497,067 shares in the company, valued at $114,459,618.09. The trade was a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,298 shares of company stock worth $22,871,828 over the last quarter. 10.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. JMP Securities reaffirmed a “market outperform” rating and issued a $285.00 price objective on shares of Amazon.com in a research note on Friday, February 7th. Loop Capital raised their price target on shares of Amazon.com from $275.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Needham & Company LLC reiterated a “buy” rating and issued a $250.00 target price on shares of Amazon.com in a report on Friday, February 7th. Morgan Stanley boosted their price objective on shares of Amazon.com from $230.00 to $280.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Finally, Sanford C. Bernstein lifted their target price on shares of Amazon.com from $235.00 to $265.00 and gave the company an “outperform” rating in a research report on Wednesday, December 18th. 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. Based on data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and an average target price of $260.65.

Amazon.com Stock Up 2.1 %

Amazon.com stock opened at $197.95 on Friday. The stock has a market capitalization of $2.10 trillion, a PE ratio of 35.80, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The company has a 50 day moving average of $221.65 and a 200-day moving average of $207.50.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 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%. On average, equities research analysts anticipate 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.