Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by JNBA Financial Advisors

JNBA Financial Advisors boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1,839.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 640 shares of the e-commerce giant’s stock after acquiring an additional 607 shares during the period. JNBA Financial Advisors’ holdings in Amazon.com were worth $961,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Signet Investment Advisory Group Inc. acquired a new position in shares of Amazon.com during the fourth quarter worth $33,000. Spence Asset Management boosted its stake in Amazon.com by 127.3% in the fourth quarter. Spence Asset Management now owns 25 shares of the e-commerce giant’s stock valued at $38,000 after acquiring an additional 14 shares in the last quarter. Financial Advantage Inc. acquired a new position in Amazon.com in the fourth quarter valued at $45,000. Contravisory Investment Management Inc. boosted its stake in Amazon.com by 112.5% in the fourth quarter. Contravisory Investment Management Inc. now owns 34 shares of the e-commerce giant’s stock valued at $51,000 after acquiring an additional 18 shares in the last quarter. Finally, O Brien Wealth Partners LLC boosted its stake in Amazon.com by 104.8% in the fourth quarter. O Brien Wealth Partners LLC now owns 43 shares of the e-commerce giant’s stock valued at $72,000 after acquiring an additional 22 shares in the last quarter. 55.47% of the stock is currently owned by institutional investors.

Several equities research analysts have recently weighed in on the stock. BidaskClub upgraded shares of Amazon.com from a “hold” rating to a “buy” rating in a research note on Tuesday, June 18th. Oppenheimer increased their target price on shares of Amazon.com from $1,975.00 to $2,085.00 and gave the stock an “outperform” rating in a research note on Monday, April 1st. CIBC increased their target price on shares of Amazon.com from $1,975.00 to $2,085.00 and gave the stock an “outperform” rating in a research note on Monday, April 1st. Credit Suisse Group reiterated an “outperform” rating and set a $2,200.00 target price (up previously from $2,100.00) on shares of Amazon.com in a research note on Friday, April 26th. Finally, UBS Group reiterated a “buy” rating on shares of Amazon.com in a research note on Friday, April 26th. Four analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. Amazon.com presently has a consensus rating of “Buy” and a consensus price target of $2,196.39.

In related news, CEO Jeffrey A. Wilke sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $1,934.42, for a total transaction of $4,836,050.00. Following the sale, the chief executive officer now owns 10,000 shares in the company, valued at $19,344,200. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey A. Wilke sold 1,000 shares of Amazon.com stock in a transaction on Monday, May 20th. The shares were sold at an average price of $1,858.25, for a total transaction of $1,858,250.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares in the company, valued at approximately $18,582,500. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,932 shares of company stock worth $20,574,457. 16.10% of the stock is owned by company insiders.

NASDAQ AMZN traded down $10.65 during mid-day trading on Friday, reaching $1,893.63. 2,386,068 shares of the stock were exchanged, compared to its average volume of 4,596,947. Amazon.com, Inc. has a 1-year low of $1,307.00 and a 1-year high of $2,050.50. The firm’s fifty day simple moving average is $1,849.09. The firm has a market capitalization of $932.29 billion, a PE ratio of 94.02, a PEG ratio of 2.16 and a beta of 1.62. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.09 and a quick ratio of 0.83.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, April 25th. The e-commerce giant reported $7.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.61 by $2.48. Amazon.com had a net margin of 4.97% and a return on equity of 28.91%. The firm had revenue of $59.70 billion for the quarter, compared to analyst estimates of $59.73 billion. During the same quarter last year, the business earned $3.27 earnings per share. Amazon.com’s revenue was up 17.0% compared to the same quarter last year. On average, analysts forecast that Amazon.com, Inc. will post 26.55 EPS for the current fiscal year.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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