GEN Financial Management INC. Buys Shares of 1,165 Amazon.com, Inc. (NASDAQ:AMZN)

GEN Financial Management INC. purchased a new position in Amazon.com, Inc. (NASDAQ:AMZN) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 1,165 shares of the e-commerce giant’s stock, valued at approximately $256,000.

Other large investors also recently modified their holdings of the company. Accordant Advisory Group Inc grew its position in shares of Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after purchasing an additional 100 shares in the last quarter. Hoese & Co LLP bought a new stake in Amazon.com during the third quarter valued at $37,000. Bull Oak Capital LLC purchased a new position in Amazon.com during the third quarter worth about $45,000. Values First Advisors Inc. bought a new position in Amazon.com in the 3rd quarter worth about $56,000. Finally, IFS Advisors LLC increased its stake in Amazon.com by 1,625.0% in the 4th quarter. IFS Advisors LLC now owns 345 shares of the e-commerce giant’s stock worth $76,000 after acquiring an additional 325 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Up 0.7 %

NASDAQ:AMZN opened at $214.35 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The firm’s 50-day moving average price is $226.99 and its 200-day moving average price is $205.27. The company has a market capitalization of $2.27 trillion, a PE ratio of 38.76, a P/E/G ratio of 1.50 and a beta of 1.15. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. On average, equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several recent analyst reports. Robert W. Baird boosted their price objective on Amazon.com from $220.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Mizuho lifted their target price on shares of Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Jefferies Financial Group increased their price target on shares of Amazon.com from $235.00 to $275.00 and gave the stock a “buy” rating in a report on Monday, December 16th. BMO Capital Markets reaffirmed an “outperform” rating and set a $236.00 price objective on shares of Amazon.com in a report on Tuesday, December 3rd. Finally, Tigress Financial increased their target price on Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and a consensus target price of $260.65.

Insider Buying and Selling

In other Amazon.com news, VP Shelley Reynolds sold 8,833 shares of the business’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $26,647,456.60. The trade was a 6.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $210.00, for a total value of $735,000.00. Following the completion of the sale, the chief executive officer now directly owns 524,567 shares in the company, valued at approximately $110,159,070. This represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 110,149 shares of company stock worth $24,606,905 in the last 90 days. Insiders own 10.80% of the company’s stock.

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.