Crown Wealth Group LLC Purchases 388 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Crown Wealth Group LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 18,556 shares of the e-commerce giant’s stock after buying an additional 388 shares during the period. Amazon.com makes up 1.7% of Crown Wealth Group LLC’s portfolio, making the stock its 16th biggest holding. Crown Wealth Group LLC’s holdings in Amazon.com were worth $4,071,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Accordant Advisory Group Inc boosted its position in Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after buying an additional 100 shares during the period. Icon Wealth Advisors LLC raised its stake in shares of Amazon.com by 20.5% during the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after acquiring an additional 25,581 shares during the last quarter. Quattro Financial Advisors LLC lifted its holdings in shares of Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after purchasing an additional 45 shares during the period. Compass Planning Associates Inc bought a new stake in shares of Amazon.com in the fourth quarter worth $51,000. Finally, Iron Horse Wealth Management LLC increased its holdings in Amazon.com by 64.4% in the fourth quarter. Iron Horse Wealth Management LLC now owns 286 shares of the e-commerce giant’s stock valued at $63,000 after purchasing an additional 112 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Douglas J. Herrington sold 5,501 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the completion of the transaction, the chief executive officer now directly owns 505,318 shares in the company, valued at $115,434,843.92. The trade was a 1.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the completion of the sale, the chief executive officer now owns 2,118,886 shares in the company, valued at $467,532,195.90. This trade represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 102,298 shares of company stock worth $22,871,828 over the last ninety days. Company insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. Roth Mkm lifted their target price on Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Stifel Nicolaus lifted their price objective on Amazon.com from $245.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Benchmark upped their target price on Amazon.com from $215.00 to $265.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Jefferies Financial Group raised 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. Finally, The Goldman Sachs Group upped their price objective on shares of Amazon.com from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $260.65.

Amazon.com Trading Down 4.3 %

Shares of AMZN stock opened at $192.72 on Friday. The stock has a market capitalization of $2.04 trillion, a price-to-earnings ratio of 34.85, a PEG ratio of 1.50 and a beta of 1.19. The company’s fifty day simple moving average is $216.86 and its two-hundred day simple moving average is $209.08. 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.

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