Marshall Financial Group LLC Buys 636 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Marshall Financial Group LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 11,231 shares of the e-commerce giant’s stock after buying an additional 636 shares during the period. Marshall Financial Group LLC’s holdings in Amazon.com were worth $2,464,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. MBM Wealth Consultants LLC grew its holdings in Amazon.com by 0.6% during the 4th quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant’s stock worth $1,889,000 after acquiring an additional 48 shares during the last quarter. Semus Wealth Partners LLC grew its holdings in Amazon.com by 0.3% during the 3rd quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant’s stock worth $3,339,000 after acquiring an additional 49 shares during the last quarter. Bell Investment Advisors Inc grew its holdings in Amazon.com by 1.5% during the 3rd quarter. Bell Investment Advisors Inc now owns 3,359 shares of the e-commerce giant’s stock worth $626,000 after acquiring an additional 51 shares during the last quarter. O Connor Financial Group LLC grew its holdings in Amazon.com by 2.2% during the 3rd quarter. O Connor Financial Group LLC now owns 2,536 shares of the e-commerce giant’s stock worth $473,000 after acquiring an additional 55 shares during the last quarter. Finally, Cherrydale Wealth Management LLC grew its holdings in Amazon.com by 0.7% during the 3rd quarter. Cherrydale Wealth Management LLC now owns 7,492 shares of the e-commerce giant’s stock worth $1,396,000 after acquiring an additional 55 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN stock opened at $230.37 on Friday. The company has a market cap of $2.42 trillion, a P/E ratio of 41.66, a P/E/G ratio of 1.36 and a beta of 1.15. The firm has a 50-day moving average of $227.98 and a 200-day moving average of $201.78. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52.

Amazon.com (NASDAQ:AMZN) last posted 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 25.49%. Equities research analysts forecast that Amazon.com, Inc. will post 6.24 EPS for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the transaction, the director now owns 24,912 shares in the company, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the transaction, the director now owns 88,203 shares of the company’s stock, valued at $20,273,459.55. This represents a 4.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 24,348 shares of company stock worth $5,036,214 over the last quarter. 10.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on AMZN. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $270.00 price objective on shares of Amazon.com in a research note on Friday, February 7th. JMP Securities reaffirmed a “market outperform” rating and issued a $285.00 price objective on shares of Amazon.com in a research note on Friday, February 7th. Wells Fargo & Company reduced their price objective on shares of Amazon.com from $212.00 to $207.00 and set an “equal weight” rating on the stock in a research note on Friday, February 7th. JPMorgan Chase & Co. upped their price objective on shares of Amazon.com from $250.00 to $280.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Finally, Stifel Nicolaus upped their price objective on shares of Amazon.com from $245.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $260.74.

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.