JMG Financial Group Ltd. Acquires 60 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

JMG Financial Group Ltd. grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.7% in the 4th quarter, Holdings Channel reports. The fund owned 2,289 shares of the e-commerce giant’s stock after purchasing an additional 60 shares during the quarter. JMG Financial Group Ltd.’s holdings in Amazon.com were worth $502,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Financial Harvest LLC bought a new position in Amazon.com in the fourth quarter worth $565,000. White Wing Wealth Management lifted its position in Amazon.com by 2.4% in the fourth quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant’s stock worth $433,000 after purchasing an additional 47 shares during the period. RPS Advisory Solutions LLC lifted its position in Amazon.com by 4.5% in the fourth quarter. RPS Advisory Solutions LLC now owns 10,188 shares of the e-commerce giant’s stock worth $2,235,000 after purchasing an additional 435 shares during the period. Lakeside Advisors INC. lifted its position in Amazon.com by 7.1% in the fourth quarter. Lakeside Advisors INC. now owns 2,420 shares of the e-commerce giant’s stock worth $531,000 after purchasing an additional 160 shares during the period. Finally, Prakash Investment Advisors LLC bought a new position in Amazon.com in the fourth quarter worth $7,558,000. 72.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on AMZN shares. DA Davidson increased their price objective on Amazon.com from $235.00 to $280.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Wells Fargo & Company dropped their price objective on Amazon.com from $207.00 to $203.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 25th. Canaccord Genuity Group reiterated a “buy” rating on shares of Amazon.com in a research note on Thursday, February 13th. Rosenblatt Securities increased their price objective on Amazon.com from $236.00 to $287.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Finally, Loop Capital increased their price objective on Amazon.com from $275.00 to $285.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $260.65.

Insider Buying and Selling at Amazon.com

In related news, SVP David Zapolsky sold 19,212 shares of Amazon.com stock in a transaction on Monday, February 24th. The shares were sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the sale, the senior vice president now directly owns 49,950 shares in the company, valued at $10,864,125. This trade represents a 27.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the transaction, the chief executive officer now owns 497,067 shares in the company, valued at approximately $114,459,618.09. This represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 102,298 shares of company stock valued at $22,871,828 in the last 90 days. Company insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

Amazon.com stock opened at $196.21 on Friday. The firm has a 50 day simple moving average of $218.90 and a 200-day simple moving average of $207.97. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. 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 stock has a market cap of $2.08 trillion, a price-to-earnings ratio of 35.48, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19.

Amazon.com (NASDAQ:AMZN) last posted 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, analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

About Amazon.com

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.