Koshinski Asset Management Inc. Grows Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Koshinski Asset Management Inc. grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 75,840 shares of the e-commerce giant’s stock after acquiring an additional 2,552 shares during the period. Amazon.com comprises approximately 0.0% of Koshinski Asset Management Inc.’s investment portfolio, making the stock its 12th biggest holding. Koshinski Asset Management Inc.’s holdings in Amazon.com were worth $16,639,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Icon Wealth Advisors LLC increased its stake 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 buying an additional 25,581 shares during the period. Hoese & Co LLP purchased a new stake in shares of Amazon.com during the 3rd quarter worth $37,000. Bull Oak Capital LLC bought a new stake in Amazon.com during the third quarter valued at about $45,000. Values First Advisors Inc. purchased a new position in Amazon.com in the third quarter valued at about $56,000. Finally, Harbor Investment Advisory LLC boosted its holdings in shares of Amazon.com by 1.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 301,946 shares of the e-commerce giant’s stock valued at $66,000 after buying an additional 3,055 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the transaction, the director now directly owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. This trade represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Matthew S. Garman sold 15,260 shares of Amazon.com stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $200.19, for a total value of $3,054,899.40. Following the transaction, the chief executive officer now owns 349,261 shares in the company, valued at approximately $69,918,559.59. The trade was a 4.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,022,574 shares of company stock valued at $1,251,456,628 over the last ninety days. Insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the subject of several recent analyst reports. Evercore ISI raised their target price on shares of Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Mizuho raised their price target on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Raymond James increased their price objective on shares of Amazon.com from $230.00 to $260.00 and gave the company a “strong-buy” rating in a research report on Tuesday, January 21st. Morgan Stanley boosted their target price on shares of Amazon.com from $230.00 to $280.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Finally, DA Davidson reissued a “buy” rating and issued a $235.00 target price on shares of Amazon.com in a research report on Thursday, October 10th. Two analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $252.56.

Amazon.com Stock Down 2.4 %

AMZN opened at $236.17 on Thursday. The company has a 50-day moving average price of $225.24 and a 200 day moving average price of $199.78. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a market cap of $2.48 trillion, a PE ratio of 50.57, a price-to-earnings-growth ratio of 1.35 and a beta of 1.15. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

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.