Portfolio Design Labs LLC Buys 13,210 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Portfolio Design Labs LLC boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 23.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 68,528 shares of the e-commerce giant's stock after buying an additional 13,210 shares during the quarter. Amazon.com accounts for about 3.1% of Portfolio Design Labs LLC's portfolio, making the stock its 6th largest holding. Portfolio Design Labs LLC's holdings in Amazon.com were worth $15,034,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in AMZN. Quattro Financial Advisors LLC lifted its stake in Amazon.com by 23.8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock worth $51,000 after acquiring an additional 45 shares in the last quarter. MBM Wealth Consultants LLC lifted its position in shares of Amazon.com by 0.6% during the fourth quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant's stock worth $1,889,000 after purchasing an additional 48 shares in the last quarter. Semus Wealth Partners LLC boosted its stake in shares of Amazon.com by 0.3% in the third quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant's stock valued at $3,339,000 after purchasing an additional 49 shares during the period. GGM Financials LLC grew its holdings in shares of Amazon.com by 2.1% in the fourth quarter. GGM Financials LLC now owns 2,463 shares of the e-commerce giant's stock valued at $540,000 after purchasing an additional 50 shares in the last quarter. Finally, Bell Investment Advisors Inc increased its stake in Amazon.com by 1.5% during the 3rd quarter. Bell Investment Advisors Inc now owns 3,359 shares of the e-commerce giant's stock worth $626,000 after buying an additional 51 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

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Insider Buying and Selling

In related news, SVP David Zapolsky sold 19,212 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the completion of the sale, the senior vice president now directly owns 49,950 shares in the company, valued at approximately $10,864,125. This trade represents a 27.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 5,501 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total value of $1,256,648.44. Following the completion of the transaction, the chief executive officer now directly owns 505,318 shares in the company, valued at $115,434,843.92. This represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,298 shares of company stock valued at $22,871,828 in the last three months. 10.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Cantor Fitzgerald restated an "overweight" rating and issued a $270.00 price target on shares of Amazon.com in a research note on Friday, February 7th. Robert W. Baird upped their price target on Amazon.com from $220.00 to $260.00 and gave the stock an "outperform" rating in a report on Friday, December 13th. Benchmark lifted their price objective on Amazon.com from $215.00 to $265.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. Jefferies Financial Group upped their target price on shares of Amazon.com from $235.00 to $275.00 and gave the stock a "buy" rating in a research note on Monday, December 16th. Finally, Raymond James boosted their price target on shares of Amazon.com from $260.00 to $275.00 in a report on Monday, February 10th. Two investment 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $260.65.

Amazon.com Stock Down 2.6 %

AMZN traded down $5.17 during trading on Thursday, hitting $193.72. The company had a trading volume of 34,028,390 shares, compared to its average volume of 39,159,719. 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 1-year low of $151.61 and a 1-year high of $242.52. The business has a 50-day moving average of $222.71 and a 200-day moving average of $207.20. The company has a market cap of $2.05 trillion, a PE ratio of 35.03, a P/E/G ratio of 1.50 and a beta of 1.19.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results 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 net margin of 9.29% and a return on equity of 24.25%. As a group, analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current 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.