Family Asset Management LLC increases its position in Amazon.com, Inc. shares. (NASDAQ:AMZN)

According to the latest 13F filing submitted to the SEC, Family Asset Management LLC increased its holdings in Amazon.com, Inc. shares. (NASDAQ:AMZN – Free Report) up 7.2% in the fourth quarter. The company owned 3,026 shares of the e-commerce giant’s stock after purchasing an additional 202 shares during the period. At the end of the last quarter, Family Asset Management LLC’s stake in Amazon.com was worth $460,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Welch & Forbes LLC increased its holdings in Amazon.com by 1.4% during the fourth quarter. Welch & Forbes LLC now owns 448,884 shares of the e-commerce giant’s stock valued at $68,204,000 after purchasing an additional 6,170 shares during the period. Empirical Financial Services LLC dwa Empirical Wealth Management grew its holdings in Amazon.com by 11.9% during the fourth quarter. Empirical Financial Services LLC dwa Empirical Wealth Management now owns 153,395 shares of the e-commerce giant’s stock valued at $23,307,000 after purchasing an additional 16,339 shares during the period. Capital Performance Advisors LLP increased its holdings in Amazon.com by 16.3% during the fourth quarter. Capital Performance Advisors LLP now owns 14,799 shares of the e-commerce giant’s stock valued at $2,249,000 after purchasing an additional 2,074 shares during the period. Apollon Wealth Management LLC increased its holdings in Amazon.com by 34.7% in the fourth quarter. Apollon Wealth Management LLC now owns 301,291 shares of the e-commerce giant’s stock valued at $45,778,000 after purchasing an additional 77,610 shares during the period. Finally, Lincoln National Corp increased its holdings in Amazon.com by 3.5% in the fourth quarter. Lincoln National Corp now owns 279,037 shares of the e-commerce giant’s stock valued at $42,397,000 after purchasing an additional 9,395 shares during the period. Hedge funds and other institutional investors hold 72.20% of the company’s shares.

Wall Street analysts predict growth

The company was rated by many analysts. Deutsche Bank Aktiengesellschaft increased their target price on Amazon.com from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. 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 note on Wednesday, May 1st. Oppenheimer raised their price target on Amazon.com from $210.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. JPMorgan Chase & Co. raised their price target on Amazon.com from $225.00 to $240.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. Finally, Argus raised their price target on Amazon.com from $185.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. One investment analyst rated the company’s shares with a hold rating, forty-four issued a buy rating and one gave a strong buy rating to the company’s shares. The company has a consensus rating of “Buy” and a consensus price target of $211.62, according to MarketBeat.

Download our latest stock report on AMZN

Amazon.com Confidential Transactions

In other news, CEO Andrew R. Jassy sold 50,000 shares of the company’s stock in a transaction dated 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 closing of the transaction, the CEO now directly owns 1,994,182 shares of the company’s stock valued at $358,952,760. The sale was disclosed in a document filed with the SEC, which is available on the SEC’s website. 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 value of $9,000,000.00. Following the completion of the sale, 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, which can be accessed at this link. Additionally, 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 sale, 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 three months, insiders sold a total of 117,894 shares of company stock worth $21,363,909. Currently, insiders own 10.80% of the shares.

Amazon.com sales decreased by 0.2%

Shares of NASDAQ:AMZN opened at $180.75 on Tuesday. Amazon.com, Inc. it has a 52-week low of $114.31 and a 52-week high of $191.70. The company has a market capitalization of $1.88 trillion, a price-to-earnings ratio of 50.63, a PEG ratio of 1.29 and a beta of 1.15. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The company has a 50-day moving average price of $182.16 and a 200-day moving average price of $166.67.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, which topped the consensus estimate of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. 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 reported earnings per share of $0.31. The company’s revenues for this quarter increased by 12.5% ​​compared to the same quarter last year. Stock analysts predict that Amazon.com, Inc. will see 4.72 EPS for the current year.

About Amazon.com

(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.

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