Accredited Investors Inc. increases shares in Amazon.com, Inc. (NASDAQ:AMZN)

According to the latest filing with the Securities and Exchange Commission (SEC), Accredited Investors Inc. increased its shares in Amazon.com, Inc. (NASDAQ:AMZN) up 0.6% in the fourth quarter. The fund owned 53,202 shares of the e-commerce giant after purchasing an additional 310 shares during the quarter. At the end of the last reporting period, the value of shares of Accredited Investors Inc. on Amazon.com was $8,084,000.

Other large investors have also recently made changes to their positions at the company. ShoreHaven Wealth Partners LLC strengthened its position on Amazon.com by 1.9% in the fourth quarter. ShoreHaven Wealth Partners LLC now owns 3,234 shares of the e-commerce giant’s stock valued at $491,000 after acquiring an additional 60 shares in the last quarter. Measured Wealth Private Client Group LLC strengthened its position on Amazon.com by 2.5% in the fourth quarter. Measured Wealth Private Client Group LLC now owns 2,562 shares of the e-commerce giant’s stock valued at $389,000 after acquiring an additional 62 shares in the last quarter. Socha Financial Group LLC strengthened its position in Amazon.com shares by 3.3% in the fourth quarter. Socha Financial Group LLC now owns 1,991 shares of the e-commerce giant’s stock worth $303,000 after purchasing an additional 63 shares in the last quarter. Lake Hills Wealth Management LLC increased its position in shares of Amazon.com by 0.8% during the 4th quarter. Lake Hills Wealth Management LLC now owns 7,985 shares of the e-commerce giant’s stock valued at $1,213,000 after purchasing an additional 65 shares in the last quarter. Finally, Veery Capital LLC increased its position in shares of Amazon.com by 1.1% during the 4th quarter. Veery Capital LLC now owns 5,890 shares of the e-commerce giant’s stock valued at $895,000 after purchasing an additional 66 shares in the last quarter. 72.20% of the shares are held by hedge funds and other institutional investors.

Amazon.com Confidential Transactions

In other news, CEO Andrew R. Jassy sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $180.00, for a total transaction amount of $9,000,000.00. Following the transaction, the CEO now directly owns 1,994,182 shares of the company’s stock, valued at approximately $358,952,760. The sale was disclosed in a legal document filed with the SEC, which is available on the SEC’s website. In related news, CEO Andrew R. Jassy sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $180.00, for a total value of $9,000,000.00. Following the transaction, the CEO now directly owns 1,994,182 shares of the company’s stock valued at $358,952,760. The transaction was disclosed in a document filed with the Securities and Exchange Commission, available at this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total value of $90,000.00. Following the completion of the transaction, the CEO now owns 132,600 shares of the company’s stock valued at $23,868,000. The announcement of this sale can be found here. Over the last ninety days, insiders have sold a total of 117,894 shares of company stock worth $21,363,909. Insiders own 10.80% of the company’s shares.

A Wall Street analyst weighs in

AMZN has been the subject of many recent analyst reports. Wells Fargo & Company raised their target price on Amazon.com from $217.00 to $234.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. BMO Capital Markets increased their price target on Amazon.com from $215.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Maxim Group lowered their target price on Amazon.com from $318.00 to $238.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Telsey Advisory Group increased their target price on Amazon.com from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Finally, Robert W. Baird raised their price target on Amazon.com from $205.00 to $210.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. One equity research analyst rated the stock with a hold rating, forty-four rated the stock with a buy rating, and one rated the stock with a strong buy rating. The company has an average rating of “Buy” and a consensus price target of $212.40, according to MarketBeat data.

Download our latest report on AMZN

Amazon.com sales decreased by 1.6%

Amazon.com stock opened Friday at $176.44. The company has a market capitalization of $1.84 trillion, a P/E ratio of 49.42, a P/E/G ratio of 1.30 and a beta of 1.15. The stock’s 50-day simple moving average is $182.34 and its 200-day simple moving average is $167.37. Amazon.com, Inc. it has a 1-year low of $118.35 and a 1-year high of $191.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, which was $0.15 ahead of the consensus estimate of $0.83. The company’s revenue for the quarter was $143.31 billion, compared to analyst expectations of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company’s revenue for the quarter increased by 12.5% compared to the same quarter last year. During the same period last year, the company saw an EPS of $0.31. Analysts predict that Amazon.com, Inc. will report 4.72 EPS for the current financial year.

Amazon.com profile

(free report)

Amazon.com, Inc. retails consumer products, advertising and subscription services through online and physical stores in North America and abroad. The company operates in three segments: North America, International and Amazon Web Services (AWS). It also manufactures and sells electronic devices including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink and eero; and develops and produces media content.

Amazon.com Confidential Transactions

A Wall Street analyst weighs in

Amazon.com sales decreased by 1.6%

Amazon.com profile

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