Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Lifted by Kovack Advisors Inc.

Kovack Advisors Inc. raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 7.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 147,547 shares of the e-commerce giant’s stock after buying an additional 10,356 shares during the quarter. Amazon.com accounts for about 3.2% of Kovack Advisors Inc.’s holdings, making the stock its 4th biggest position. Kovack Advisors Inc.’s holdings in Amazon.com were worth $32,370,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Mn Services Vermogensbeheer B.V. increased its stake in shares of Amazon.com by 2.1% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 3,143,300 shares of the e-commerce giant’s stock worth $689,609,000 after acquiring an additional 63,700 shares during the last quarter. Central Asset Investments & Management Holdings HK Ltd grew its stake in Amazon.com by 958.5% in the fourth quarter. Central Asset Investments & Management Holdings HK Ltd now owns 50,026 shares of the e-commerce giant’s stock valued at $10,975,000 after purchasing an additional 45,300 shares in the last quarter. MKD Wealth Coaches LLC acquired a new position in Amazon.com in the 4th quarter worth about $501,000. K.J. Harrison & Partners Inc lifted its holdings in shares of Amazon.com by 14.5% during the 4th quarter. K.J. Harrison & Partners Inc now owns 109,029 shares of the e-commerce giant’s stock valued at $24,010,000 after buying an additional 13,835 shares during the last quarter. Finally, New York Life Investment Management LLC lifted its holdings in shares of Amazon.com by 7.7% during the 4th quarter. New York Life Investment Management LLC now owns 1,345,690 shares of the e-commerce giant’s stock valued at $295,231,000 after buying an additional 96,469 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In related news, SVP David Zapolsky sold 19,212 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the completion of the sale, the senior vice president now owns 49,950 shares in the company, valued at $10,864,125. This trade represents a 27.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the completion of the transaction, the chief executive officer now owns 2,118,886 shares in the company, valued at approximately $467,532,195.90. This trade represents a 0.97 % decrease in their ownership of the stock. 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 in the last 90 days. 10.80% of the stock is owned by corporate insiders.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $192.72 on Friday. The firm has a market cap 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. The firm’s 50-day simple moving average is $216.86 and its 200-day simple moving average is $209.08. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share 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 expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analysts Set New Price Targets

AMZN has been the topic of several recent research reports. DA Davidson raised their price objective on shares of Amazon.com from $235.00 to $280.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Wolfe Research raised their price target on shares of Amazon.com from $250.00 to $270.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. UBS Group upped their price objective on shares of Amazon.com from $230.00 to $264.00 and gave the stock a “buy” rating in a report on Monday, December 16th. BMO Capital Markets restated an “outperform” rating and set a $236.00 target price on shares of Amazon.com in a report on Tuesday, December 3rd. Finally, Loop Capital upped their price target on Amazon.com from $275.00 to $285.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $260.65.

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.