Dagco Inc. Has $1.27 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Dagco Inc. raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 36.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,774 shares of the e-commerce giant’s stock after purchasing an additional 1,552 shares during the period. Dagco Inc.’s holdings in Amazon.com were worth $1,267,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Defined Financial Planning LLC acquired a new position in Amazon.com in the 4th quarter valued at $1,284,000. Comgest Global Investors S.A.S. grew its holdings in shares of Amazon.com by 5.2% during the 4th quarter. Comgest Global Investors S.A.S. now owns 1,237,159 shares of the e-commerce giant’s stock worth $271,420,000 after purchasing an additional 60,753 shares in the last quarter. LaSalle St. Investment Advisors LLC grew its holdings in shares of Amazon.com by 44.2% during the 4th quarter. LaSalle St. Investment Advisors LLC now owns 30,842 shares of the e-commerce giant’s stock worth $6,766,000 after purchasing an additional 9,454 shares in the last quarter. Broyhill Asset Management acquired a new stake in shares of Amazon.com during the 4th quarter worth $678,000. Finally, Strategies Wealth Advisors LLC acquired a new stake in shares of Amazon.com during the 4th quarter worth $3,187,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Mizuho reduced their target price on Amazon.com from $285.00 to $255.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. UBS Group reissued a “buy” rating on shares of Amazon.com in a report on Tuesday, May 6th. Loop Capital increased their target price on Amazon.com from $275.00 to $285.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Stifel Nicolaus reduced their target price on Amazon.com from $248.00 to $245.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. Finally, Barclays dropped their price objective on Amazon.com from $265.00 to $240.00 and set an “overweight” rating for the company in a research report on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $244.09.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 8,833 shares of the firm’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 in the company, valued at $26,647,456.60. This trade represents a 6.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP David Zapolsky sold 5,848 shares of Amazon.com stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $220.72, for a total value of $1,290,770.56. Following the sale, the senior vice president now owns 69,162 shares in the company, valued at $15,265,436.64. This trade represents a 7.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 107,298 shares of company stock worth $23,818,478 over the last ninety days. Corporate insiders own 9.70% of the company’s stock.

Amazon.com Trading Up 0.5%

Shares of Amazon.com stock opened at $193.06 on Monday. The firm has a market capitalization of $2.05 trillion, a price-to-earnings ratio of 34.91, a PEG ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The stock has a 50 day moving average of $188.50 and a 200 day moving average of $208.10.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The business had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. During the same period last year, the business posted $0.98 earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis. As a group, research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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.