Thrivent Financial for Lutherans Acquires 400,059 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Thrivent Financial for Lutherans lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 9.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,787,751 shares of the e-commerce giant's stock after acquiring an additional 400,059 shares during the period. Amazon.com accounts for about 2.0% of Thrivent Financial for Lutherans' holdings, making the stock its 4th biggest position. Thrivent Financial for Lutherans' holdings in Amazon.com were worth $1,048,687,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Accordant Advisory Group Inc grew its position in Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after buying an additional 100 shares during the last quarter. Icon Wealth Advisors LLC lifted its holdings in Amazon.com by 20.5% in the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant's stock valued at $28,000 after acquiring an additional 25,581 shares during the period. Quattro Financial Advisors LLC boosted its position in shares of 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 purchasing an additional 45 shares in the last quarter. Compass Planning Associates Inc purchased a new stake in shares of Amazon.com during the 4th quarter worth $51,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Amazon.com during the 4th quarter worth $54,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Price Performance

NASDAQ AMZN traded up $11.87 on Wednesday, reaching $185.05. 19,698,765 shares of the stock traded hands, compared to its average volume of 41,749,674. The firm's fifty day simple moving average is $196.07 and its 200 day simple moving average is $207.85. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The company has a market cap of $1.96 trillion, a price-to-earnings ratio of 33.46, a P/E/G ratio of 1.50 and a beta of 1.39. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on AMZN shares. Needham & Company LLC restated a "buy" rating and set a $250.00 target price on shares of Amazon.com in a research report on Friday, February 7th. JPMorgan Chase & Co. decreased their target price on shares of Amazon.com from $270.00 to $220.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Barclays boosted their target price on shares of Amazon.com from $235.00 to $265.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. Loop Capital boosted their price objective on shares of Amazon.com from $275.00 to $285.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. Finally, Rosenblatt Securities boosted their price objective on shares of Amazon.com from $236.00 to $287.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $248.13.

Insider Activity

In related news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on Tuesday, April 1st. The stock was 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 approximately $95,776,017.26. This trade represents a 0.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the sale, the vice president now owns 119,780 shares of the company's stock, valued at approximately $26,647,456.60. This represents a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 104,798 shares of company stock worth $23,341,803 over the last quarter. Corporate insiders own 10.80% of the company's stock.

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.