2,982 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Acquired by Wealth Management Nebraska

Wealth Management Nebraska purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 2,982 shares of the e-commerce giant’s stock, valued at approximately $654,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Accordant Advisory Group Inc grew its position in shares of Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after buying an additional 100 shares during the last quarter. Icon Wealth Advisors LLC raised its stake in shares of Amazon.com by 20.5% in the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after purchasing an additional 25,581 shares during the last quarter. Bull Oak Capital LLC bought a new position in shares of Amazon.com in the third quarter valued at approximately $45,000. Quattro Financial Advisors LLC grew its holdings in shares of Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after acquiring an additional 45 shares in the last quarter. Finally, Compass Planning Associates Inc bought a new position in Amazon.com during the fourth quarter valued at $51,000. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on AMZN shares. Phillip Securities downgraded Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, February 10th. Moffett Nathanson raised their price target on Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Royal Bank of Canada raised their price objective on Amazon.com from $255.00 to $265.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Jefferies Financial Group raised their target price on Amazon.com from $235.00 to $275.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $270.00 price objective on shares of Amazon.com in a research report on Friday, February 7th. Two research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $260.65.

Insider Activity

In related news, CEO Douglas J. Herrington sold 5,501 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total value of $1,256,648.44. Following the completion of the transaction, the chief executive officer now owns 505,318 shares of the company’s stock, valued at approximately $115,434,843.92. This represents a 1.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Shelley Reynolds sold 8,833 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $26,647,456.60. This represents a 6.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 102,298 shares of company stock valued at $22,871,828 in the last 90 days. Company insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $196.21 on Monday. 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, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The firm has a market cap of $2.08 trillion, a P/E ratio of 35.48, a PEG ratio of 1.50 and a beta of 1.19. The company has a 50 day moving average of $218.90 and a 200 day moving average of $208.44.

Amazon.com (NASDAQ:AMZN) last posted its 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 net margin of 9.29% and a return on equity of 24.25%. As a group, research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

About Amazon.com

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.