Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Delta Financial Group Inc.

Delta Financial Group Inc. lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,830 shares of the e-commerce giant’s stock after purchasing an additional 222 shares during the period. Amazon.com comprises approximately 1.1% of Delta Financial Group Inc.’s portfolio, making the stock its 15th largest position. Delta Financial Group Inc.’s holdings in Amazon.com were worth $4,789,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Accordant Advisory Group Inc increased its holdings 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 acquiring an additional 100 shares during the last quarter. Icon Wealth Advisors LLC lifted its stake in Amazon.com by 20.5% during 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 acquired a new position in Amazon.com in the third quarter valued at approximately $45,000. Quattro Financial Advisors LLC increased its stake in 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 purchasing an additional 45 shares during the last quarter. Finally, Compass Planning Associates Inc acquired a new stake in Amazon.com during the fourth quarter worth approximately $51,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 8,833 shares of the business’s stock in a transaction on 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 completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $26,647,456.60. The trade was a 6.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Douglas J. Herrington sold 27,500 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now owns 497,067 shares in the company, valued at $114,459,618.09. This trade represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 102,298 shares of company stock valued at $22,871,828 over the last quarter. Insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on AMZN shares. Stifel Nicolaus upped their target price on shares of Amazon.com from $245.00 to $275.00 and gave the company a “buy” rating in a report on Friday, February 7th. UBS Group boosted their price target on shares of Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Citigroup reaffirmed a “buy” rating on shares of Amazon.com in a report on Thursday, February 13th. Oppenheimer boosted their target price on Amazon.com from $230.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $250.00 target price 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 given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and an average target price of $260.65.

Amazon.com Stock Performance

Shares of AMZN opened at $203.26 on Tuesday. The company has a 50-day moving average of $218.60 and a two-hundred day moving average of $208.62. The stock has a market cap of $2.15 trillion, a P/E ratio of 36.76, a PEG ratio of 1.50 and a beta of 1.19. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating 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, research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.