Ibex Wealth Advisors Boosts Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Ibex Wealth Advisors increased its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 37.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 87,286 shares of the e-commerce giant's stock after purchasing an additional 23,837 shares during the quarter. Amazon.com makes up 2.3% of Ibex Wealth Advisors' portfolio, making the stock its 5th biggest position. Ibex Wealth Advisors' holdings in Amazon.com were worth $19,150,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Accordant Advisory Group Inc increased its position in Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after purchasing an additional 100 shares during the period. Hoese & Co LLP acquired a new stake in Amazon.com in the third quarter worth about $37,000. Bull Oak Capital LLC acquired a new stake in Amazon.com in the third quarter worth about $45,000. Values First Advisors Inc. bought a new position in Amazon.com during the third quarter worth about $56,000. Finally, IFS Advisors LLC boosted its holdings in Amazon.com by 1,625.0% during the fourth quarter. IFS Advisors LLC now owns 345 shares of the e-commerce giant's stock worth $76,000 after buying an additional 325 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Down 3.2 %

Shares of Amazon.com stock traded down $7.20 on Friday, reaching $215.68. 30,903,926 shares of the company were exchanged, compared to its average volume of 34,639,660. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a 50-day moving average of $228.10 and a 200 day moving average of $203.58. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $2.29 trillion, a price-to-earnings ratio of 39.01, a PEG ratio of 1.57 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating 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%. On average, equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on AMZN. Morgan Stanley raised their target price on Amazon.com from $230.00 to $280.00 and gave the stock an "overweight" rating in a report on Monday, January 13th. Wolfe Research raised their target price on Amazon.com from $250.00 to $270.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. Telsey Advisory Group restated an "outperform" rating and set a $275.00 target price on shares of Amazon.com in a report on Friday, February 7th. The Goldman Sachs Group raised their target price on Amazon.com from $240.00 to $255.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Finally, TD Cowen raised their target price on Amazon.com from $240.00 to $265.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of "Moderate Buy" and a consensus price target of $260.74.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction on 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 owns 497,067 shares in the company, valued at $114,459,618.09. This trade represents a 5.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the transaction, the director now owns 88,203 shares in the company, valued at $20,273,459.55. The trade was a 4.70 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 40,852 shares of company stock worth $9,324,151. Company insiders own 10.80% of the company's stock.

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.