Amazon.com, Inc. (NASDAQ:AMZN) Position Boosted by Walker Asset Management LLC

Walker Asset Management LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 8,502 shares of the e-commerce giant’s stock after acquiring an additional 167 shares during the quarter. Amazon.com comprises 1.1% of Walker Asset Management LLC’s portfolio, making the stock its 13th largest holding. Walker Asset Management LLC’s holdings in Amazon.com were worth $1,865,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Hoese & Co LLP bought a new stake in shares of Amazon.com in the 3rd quarter valued at approximately $37,000. Bull Oak Capital LLC bought a new stake in Amazon.com in the third quarter worth approximately $45,000. Values First Advisors Inc. acquired a new position in shares of Amazon.com during the 3rd quarter worth $56,000. IFS Advisors LLC raised its holdings in shares of Amazon.com by 1,625.0% during the 4th quarter. IFS Advisors LLC now owns 345 shares of the e-commerce giant’s stock valued at $76,000 after purchasing an additional 325 shares in the last quarter. Finally, West Financial Advisors LLC acquired a new stake in shares of Amazon.com in the 4th quarter valued at $88,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $234.64 on Friday. The firm has a 50 day moving average of $222.30 and a 200-day moving average of $198.30. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $241.77. The stock has a market capitalization of $2.47 trillion, a P/E ratio of 50.24, a price-to-earnings-growth ratio of 1.31 and a beta of 1.14. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The firm had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.85 EPS. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 5.39 EPS for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, Director Jonathan Rubinstein sold 4,766 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $209.85, for a total value of $1,000,145.10. Following the transaction, the director now directly owns 94,630 shares of the company’s stock, valued at approximately $19,858,105.50. This trade represents a 4.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the sale, the insider now owns 917,416,976 shares of the company’s stock, valued at $191,602,535,437.60. The trade was a 0.33 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,027,340 shares of company stock valued at $1,252,456,773. 10.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. UBS Group raised their target price on Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a report on Monday, December 16th. Wells Fargo & Company boosted their target price on Amazon.com from $197.00 to $212.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 14th. Evercore ISI increased their price target on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Maxim Group lifted their price target on shares of Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Stifel Nicolaus upped their price target on shares of Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Amazon.com has an average rating of “Moderate Buy” and an average target price of $249.46.

Amazon.com 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.