Black Diamond Financial LLC Has $2.33 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Black Diamond Financial LLC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.8% in the fourth quarter, HoldingsChannel reports. The fund owned 10,625 shares of the e-commerce giant’s stock after acquiring an additional 393 shares during the period. Black Diamond Financial LLC’s holdings in Amazon.com were worth $2,331,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in AMZN. BCGM Wealth Management LLC boosted its holdings in Amazon.com by 9.8% in the 4th quarter. BCGM Wealth Management LLC now owns 4,512 shares of the e-commerce giant’s stock valued at $990,000 after purchasing an additional 401 shares during the period. World Equity Group Inc. lifted its position in shares of Amazon.com by 1.0% during the 4th quarter. World Equity Group Inc. now owns 30,084 shares of the e-commerce giant’s stock valued at $6,600,000 after acquiring an additional 309 shares during the period. Delta Financial Group Inc. grew its holdings in shares of Amazon.com by 1.0% during the 4th quarter. Delta Financial Group Inc. now owns 21,830 shares of the e-commerce giant’s stock worth $4,789,000 after purchasing an additional 222 shares in the last quarter. Ascent Wealth Partners LLC increased its position in shares of Amazon.com by 1.6% in the fourth quarter. Ascent Wealth Partners LLC now owns 45,216 shares of the e-commerce giant’s stock worth $9,920,000 after purchasing an additional 726 shares during the period. Finally, Summit Asset Management LLC raised its stake in Amazon.com by 88.0% in the fourth quarter. Summit Asset Management LLC now owns 37,177 shares of the e-commerce giant’s stock valued at $8,156,000 after purchasing an additional 17,400 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AMZN has been the topic of a number of analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $250.00 price objective on shares of Amazon.com in a research note on Friday, February 7th. TD Cowen increased their price target on shares of Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Wolfe Research boosted their price objective on shares of Amazon.com from $250.00 to $270.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Moffett Nathanson raised their target price on Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, Roth Mkm lifted their price target on shares of Amazon.com from $220.00 to $250.00 and gave the company a “buy” rating in a report on Monday, December 9th. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and an average price target of $260.65.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction dated Wednesday, February 12th. The stock was 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. The trade was a 5.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP David Zapolsky sold 19,212 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $217.50, for a total value of $4,178,610.00. Following the sale, the senior vice president now directly owns 49,950 shares of the company’s stock, valued at $10,864,125. This represents a 27.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 102,298 shares of company stock valued at $22,871,828 over the last ninety days. 10.80% of the stock is owned by company insiders.

Amazon.com Trading Up 1.2 %

AMZN opened at $205.71 on Wednesday. The company has a market cap of $2.18 trillion, a P/E ratio of 37.20, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19. The company has a fifty day moving average price of $218.36 and a two-hundred day moving average price of $208.86. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results 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 return on equity of 24.25% and a net margin of 9.29%. Analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Amazon.com Company 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.