Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Fiduciary Alliance LLC

Fiduciary Alliance LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 36.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 129,090 shares of the e-commerce giant's stock after acquiring an additional 34,281 shares during the quarter. Amazon.com comprises about 2.9% of Fiduciary Alliance LLC's portfolio, making the stock its 5th largest holding. Fiduciary Alliance LLC's holdings in Amazon.com were worth $28,321,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of AMZN. Winthrop Advisory Group LLC grew its holdings in Amazon.com by 1,069.9% during the 4th quarter. Winthrop Advisory Group LLC now owns 449,830 shares of the e-commerce giant's stock valued at $98,688,000 after buying an additional 411,379 shares in the last quarter. Headwater Capital Co Ltd bought a new position in shares of Amazon.com during the 4th quarter valued at approximately $15,357,000. Threadgill Financial LLC grew its holdings in shares of Amazon.com by 5.8% in the fourth quarter. Threadgill Financial LLC now owns 47,668 shares of the e-commerce giant's stock valued at $10,458,000 after purchasing an additional 2,628 shares in the last quarter. Crescent Sterling Ltd. increased its position in Amazon.com by 46.6% in the fourth quarter. Crescent Sterling Ltd. now owns 4,840 shares of the e-commerce giant's stock worth $1,062,000 after purchasing an additional 1,538 shares during the last quarter. Finally, Matrix Trust Co purchased a new stake in Amazon.com during the fourth quarter valued at $174,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Stifel Nicolaus boosted their target price on shares of Amazon.com from $224.00 to $245.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Scotiabank upped their price objective on Amazon.com from $245.00 to $246.00 and gave the company a "sector outperform" rating in a research report on Friday, November 1st. Needham & Company LLC reissued a "buy" rating and set a $250.00 target price on shares of Amazon.com in a research report on Tuesday. Monness Crespi & Hardt raised their price target on Amazon.com from $225.00 to $245.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Finally, Loop Capital boosted their price objective on shares of Amazon.com from $225.00 to $275.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. Two research 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 MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $247.72.

Insider Activity

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the company's stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the sale, the director now directly owns 24,912 shares of the company's stock, valued at $4,958,982.72. This represents a 4.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the company's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $208.85, for a total value of $625,790,203.70. Following the completion of the sale, the insider now owns 917,416,976 shares in the company, valued at $191,602,535,437.60. The trade was a 0.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,032,344 shares of company stock worth $1,253,456,822 over the last 90 days. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Stock Up 1.9 %

Shares of NASDAQ:AMZN traded up $4.30 during trading on Wednesday, reaching $235.01. The stock had a trading volume of 41,375,972 shares, compared to its average volume of 31,919,486. The firm's 50-day simple moving average is $218.73 and its 200 day simple moving average is $196.68. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $235.44. The company has a market capitalization of $2.47 trillion, a P/E ratio of 50.32, a PEG ratio of 1.26 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same period in the prior year, the firm posted $0.85 earnings per share. The business's quarterly revenue was up 11.0% on a year-over-year basis. As a group, research analysts expect that Amazon.com, Inc. will post 5.39 EPS for the current fiscal 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.