Wealth Management Nebraska Invests $654,000 in Amazon.com, Inc. (NASDAQ:AMZN)

Wealth Management Nebraska bought a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,982 shares of the e-commerce giant's stock, valued at approximately $654,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Matauro LLC acquired a new stake in Amazon.com during the 4th quarter worth about $1,265,000. Variant Private Wealth LLC bought a new position in Amazon.com during the fourth quarter worth $4,077,000. Ipswich Investment Management Co. Inc. grew its holdings in Amazon.com by 0.3% in the fourth quarter. Ipswich Investment Management Co. Inc. now owns 48,969 shares of the e-commerce giant's stock worth $10,743,000 after purchasing an additional 147 shares during the period. Bell Bank increased its stake in Amazon.com by 1.0% in the fourth quarter. Bell Bank now owns 62,360 shares of the e-commerce giant's stock valued at $13,681,000 after purchasing an additional 641 shares in the last quarter. Finally, LifeSteps Financial Inc. raised its holdings in shares of Amazon.com by 4.1% during the fourth quarter. LifeSteps Financial Inc. now owns 10,192 shares of the e-commerce giant's stock valued at $2,236,000 after purchasing an additional 403 shares during the period. Institutional investors own 72.20% of the company's stock.

Insider Transactions at Amazon.com

In other news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $220.65, for a total value of $4,585,989.60. Following the sale, the chief executive officer now owns 2,118,886 shares of the company's stock, valued at approximately $467,532,195.90. This represents a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 transaction, the chief executive officer now directly owns 497,067 shares of the company's stock, 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. Over the last quarter, insiders have sold 102,298 shares of company stock valued at $22,871,828. 10.80% of the stock is currently owned by corporate insiders.

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Analyst Ratings Changes

AMZN has been the topic of a number of recent research reports. TD Cowen raised their price objective on shares of Amazon.com from $240.00 to $265.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. Wells Fargo & Company dropped their target price on shares of Amazon.com from $207.00 to $203.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 25th. Scotiabank raised their price target on shares of Amazon.com from $246.00 to $306.00 and gave the stock a "sector outperform" rating in a research note on Friday, January 24th. Canaccord Genuity Group reaffirmed a "buy" rating on shares of Amazon.com in a report on Thursday, February 13th. Finally, Morgan Stanley raised their price objective on shares of Amazon.com from $230.00 to $280.00 and gave the stock an "overweight" rating in a report on Monday, January 13th. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $260.65.

Amazon.com Stock Performance

Shares of AMZN traded up $2.34 on Tuesday, reaching $205.60. The company's stock had a trading volume of 20,370,011 shares, compared to its average volume of 38,443,934. 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, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The stock has a market capitalization of $2.18 trillion, a P/E ratio of 37.14, a PEG ratio of 1.50 and a beta of 1.19. The stock's 50 day simple moving average is $218.60 and its two-hundred day simple moving average is $208.62.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (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%. Research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal 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.