Baird Financial Group Inc. acquires 454,835 shares of Amazon.com, Inc. (NASDAQ:AMZN)

Baird Financial Group Inc., according to its latest Form 13F filing with the Securities and Exchange Commission. increased its shares in Amazon.com, Inc. (NASDAQ:AMZN) up 24.5% in the fourth quarter. The company owned 2,308,388 shares of the e-commerce giant’s stock after acquiring an additional 454,835 shares during the quarter. Amazon.com accounts for about 0.8% of Baird Financial Group Inc., making it the 21st largest company. At the end of the last quarter, shares of Baird Financial Group Inc. on Amazon.com they were worth $350,736,000.

Several other hedge funds also recently changed their positions in the company. ShoreHaven Wealth Partners LLC increased its position in shares of Amazon.com by 1.9% during the fourth quarter. ShoreHaven Wealth Partners LLC now owns 3,234 shares of the e-commerce giant’s stock valued at $491,000 after purchasing an additional 60 shares in the last quarter. Measured Wealth Private Client Group LLC increased its position in shares of Amazon.com by 2.5% during 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 purchasing an additional 62 shares in the last quarter. Socha Financial Group LLC increased its stake in shares of Amazon.com 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 fourth 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 stake in shares of Amazon.com by 1.1% in the fourth 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. Currently, 72.20% of the shares are in the hands of institutional investors.

Amazon.com Confidential Transactions

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction amount of $90,000.00. Following the transaction, the CEO now directly owns 132,600 shares of the company’s stock, valued at $23,868,000. The sale was disclosed in a document filed with the Securities and Exchange Commission, which is available at this link. In other Amazon.com news, Executive Vice President Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $181.39 for a total value of $489,753.00. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The sale was disclosed in a legal filing filed with the Securities and Exchange Commission, which can be accessed through the SEC’s website. President Adam Selipsky also sold 500 shares of the company in a transaction on Thursday, March 21. The shares were sold at an average price of $180.00, for a total transaction amount of $90,000.00. Following the completion of the sale, the CEO now directly owns 132,600 shares of the company’s stock, valued at approximately $23,868,000. The announcement of this sale can be found here. Over the last ninety days, insiders have sold a total of 65,838 shares of company stock worth $11,984,344. Currently, company insiders own 10.80% of the shares.

Analysts set new price targets

Many equity research analysts have recently rated this stock. Raymond James increased their target price on shares of Amazon.com from $200.00 to $205.00 and gave the company a “strong buy” rating in a report on Wednesday, May 1st. Wells Fargo & Company increased their target price on shares of Amazon.com from $217.00 to $234.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Monness Crespi & Hardt raised their target price on shares of Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. DA Davidson affirmed a “buy” rating and set a $235.00 price target on shares of Amazon.com in a report on Thursday, April 18th. Finally, Stifel Nicolaus raised their target price on shares of Amazon.com from $224.00 to $228.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. One investment analyst has rated the company with a hold rating, forty-three have issued a buy rating to the company and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $213.82.

See our latest report on Amazon.com

Amazon.com pricing performance

AMZN shares opened Thursday at $186.89. Amazon.com, Inc. it has a 1-year low of $118.35 and a 1-year high of $191.70. The company has a market capitalization of $1.94 trillion, a PE ratio of 52.35, a price-to-earnings-growth ratio of 1.34 and a beta of 1.14. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The company has a fifty-day moving average price of $182.88 and a 200-day moving average price of $169.68.

Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its earnings results on Tuesday, April 30. The e-commerce giant reported EPS of $0.98 for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company had revenue of $143.31 billion for the quarter, compared to analyst expectations of $142.65 billion. During the same period last year, the company earned $0.31 per share. The company’s revenues increased by 12.5% compared to the same quarter last year. As a group, sell-side analysts predict that Amazon.com, Inc. it will record 4.72 EPS for the current year.

Amazon.com company 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

Analysts set new price targets

Amazon.com pricing performance

Amazon.com company profile

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