Wernau Asset Management Inc. Invests $2.49 Million in Amazon.com, Inc. (NASDAQ:AMZN)

Wernau Asset Management Inc. bought a new stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 11,356 shares of the e-commerce giant's stock, valued at approximately $2,491,000. Amazon.com comprises 1.9% of Wernau Asset Management Inc.'s holdings, making the stock its 10th biggest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rench Wealth Management Inc. grew its position in Amazon.com by 7.9% in the 3rd quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant's stock worth $9,392,000 after purchasing an additional 3,703 shares during the last quarter. Blankinship & Foster LLC grew its position in Amazon.com by 216.4% during the third quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant's stock worth $1,291,000 after buying an additional 4,740 shares in the last quarter. Umpqua Bank increased its stake in Amazon.com by 0.4% during the third quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant's stock valued at $6,544,000 after acquiring an additional 137 shares during the period. One Wealth Capital Management LLC acquired a new position in Amazon.com in the 4th quarter valued at approximately $4,270,000. Finally, Floyd Financial Group LLC bought a new stake in shares of Amazon.com in the 4th quarter worth approximately $4,494,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Transactions at Amazon.com

In related news, VP Shelley Reynolds sold 8,833 shares of the firm's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the sale, the chief executive officer now directly owns 509,474 shares in the company, valued at $95,776,017.26. This represents a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 104,798 shares of company stock valued at $23,341,803 over the last 90 days. 10.80% of the stock is owned by company insiders.

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Wall Street Analysts Forecast Growth

A number of brokerages recently commented on AMZN. Morgan Stanley upped their target price on Amazon.com from $230.00 to $280.00 and gave the company an "overweight" rating in a research note on Monday, January 13th. Barclays raised their price objective on shares of Amazon.com from $235.00 to $265.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Raymond James upped their target price on shares of Amazon.com from $260.00 to $275.00 in a research note on Monday, February 10th. Mizuho raised their price target on shares of Amazon.com from $240.00 to $260.00 and gave the stock an "outperform" rating in a research note on Tuesday, December 10th. Finally, Scotiabank lifted their price objective on Amazon.com from $246.00 to $306.00 and gave the company a "sector outperform" rating in a report on Friday, January 24th. Two investment analysts have rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $260.53.

Amazon.com Trading Up 2.5 %

AMZN traded up $4.26 during mid-day trading on Monday, hitting $175.26. The stock had a trading volume of 109,053,091 shares, compared to its average volume of 40,907,791. The stock's fifty day simple moving average is $210.97 and its 200-day simple moving average is $209.12. The firm has a market capitalization of $1.86 trillion, a price-to-earnings ratio of 31.69, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. 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 - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping the consensus estimate 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, research analysts forecast 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.