Red Crane Wealth Management LLC Takes Position in Amazon.com, Inc. (NASDAQ:AMZN)

Red Crane Wealth Management LLC acquired a new position in Amazon.com, Inc. (NASDAQ:AMZN) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,535 shares of the e-commerce giant’s stock, valued at approximately $337,000.

A number of other hedge funds also recently bought and sold shares of the stock. Accordant Advisory Group Inc increased its position in Amazon.com by 400.0% during 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 in the last quarter. Icon Wealth Advisors LLC increased its holdings in shares of 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 valued at $28,000 after acquiring an additional 25,581 shares in the last quarter. Bull Oak Capital LLC purchased a new position in shares of Amazon.com in the 3rd quarter valued at approximately $45,000. Quattro Financial Advisors LLC boosted its stake in Amazon.com by 23.8% in the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after purchasing an additional 45 shares in the last quarter. Finally, Compass Planning Associates Inc acquired a new stake in Amazon.com in the 4th quarter worth approximately $51,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

NASDAQ AMZN opened at $192.72 on Friday. 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 stock’s fifty day moving average is $216.86 and its two-hundred day moving average is $208.87. The firm has a market capitalization of $2.04 trillion, a P/E ratio of 34.85, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52.

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

Analysts Set New Price Targets

AMZN has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised their price target on shares of Amazon.com from $250.00 to $280.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. BMO Capital Markets restated an “outperform” rating and issued a $236.00 target price on shares of Amazon.com in a research note on Tuesday, December 3rd. The Goldman Sachs Group boosted their price target on Amazon.com from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Benchmark raised their price objective on Amazon.com from $215.00 to $265.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Finally, Sanford C. Bernstein upped their target price on Amazon.com from $235.00 to $265.00 and gave the company an “outperform” rating in a research report on Wednesday, December 18th. Two equities research 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 company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $260.65.

Insider Activity

In related news, CEO Douglas J. Herrington sold 5,501 shares of Amazon.com stock in a transaction that occurred 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 sale, the chief executive officer now owns 505,318 shares in the company, valued at approximately $115,434,843.92. This trade represents a 1.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Shelley Reynolds sold 8,833 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $222.47, for a total value of $1,965,077.51. Following the completion of the sale, the vice president now owns 119,780 shares in the company, 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 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.