Altman Advisors Inc. Increases Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Altman Advisors Inc. lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 6.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,279 shares of the e-commerce giant’s stock after purchasing an additional 2,259 shares during the period. Amazon.com accounts for about 2.2% of Altman Advisors Inc.’s investment portfolio, making the stock its 4th biggest holding. Altman Advisors Inc.’s holdings in Amazon.com were worth $3,545,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. McElhenny Sheffield Capital Management LLC purchased a new position in Amazon.com during the 4th quarter valued at about $27,000. St. James Investment Advisors LLC raised its holdings in Amazon.com by 97.7% in the fourth quarter. St. James Investment Advisors LLC now owns 344 shares of the e-commerce giant’s stock worth $29,000 after buying an additional 170 shares during the last quarter. Retirement Financial Solutions LLC purchased a new position in Amazon.com in the fourth quarter worth about $32,000. Laurel Wealth Planning LLC raised its holdings in Amazon.com by 1,900.0% in the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after buying an additional 304 shares during the last quarter. Finally, Swaine & Leidel Wealth Services LLC purchased a new position in Amazon.com in the first quarter worth about $38,000. 57.64% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $93.80, for a total transaction of $375,200.00. Following the sale, the chief executive officer now owns 560,298 shares of the company’s stock, valued at approximately $52,555,952.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Douglas J. Herrington sold 4,000 shares of Amazon.com stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $93.80, for a total value of $375,200.00. Following the sale, the chief executive officer now owns 560,298 shares of the company’s stock, valued at approximately $52,555,952.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Wednesday, April 5th. The shares were sold at an average price of $101.67, for a total transaction of $50,835.00. Following the completion of the sale, the chief executive officer now directly owns 137,300 shares in the company, valued at approximately $13,959,291. The disclosure for this sale can be found here. In the last quarter, insiders have sold 75,144 shares of company stock worth $8,405,887. 12.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on AMZN shares. Barclays decreased their target price on shares of Amazon.com from $150.00 to $140.00 in a report on Friday, April 28th. Robert W. Baird lifted their target price on shares of Amazon.com from $125.00 to $130.00 in a report on Friday, April 28th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $125.00 target price on shares of Amazon.com in a report on Thursday, April 20th. Roth Capital reiterated a “buy” rating on shares of Amazon.com in a research note on Friday, February 3rd. Finally, Benchmark lifted their price target on shares of Amazon.com from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, February 3rd. Three equities research analysts have rated the stock with a hold rating and forty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $143.12.

Amazon.com Stock Performance

AMZN stock opened at $115.00 on Friday. The firm has a market cap of $1.18 trillion, a price-to-earnings ratio of 273.81, a PEG ratio of 4.00 and a beta of 1.26. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.69 and a current ratio of 0.92. The firm has a 50-day simple moving average of $105.19 and a two-hundred day simple moving average of $97.67. Amazon.com, Inc. has a one year low of $81.43 and a one year high of $146.57.

Amazon.com (NASDAQ:AMZN – Get Rating) last issued its quarterly earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.09. Amazon.com had a net margin of 0.82% and a return on equity of 5.85%. The company had revenue of $127.36 billion for the quarter, compared to the consensus estimate of $124.57 billion. During the same quarter in the prior year, the company earned $0.21 EPS. Amazon.com’s quarterly revenue was up 9.4% on a year-over-year basis. On average, equities analysts forecast that Amazon.com, Inc. will post 1.57 EPS for the current fiscal year.

Amazon.com Company Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.