Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Jackson Thornton Wealth Management LLC

Jackson Thornton Wealth Management LLC boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 148.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,523 shares of the e-commerce giant's stock after buying an additional 4,498 shares during the quarter. Jackson Thornton Wealth Management LLC's holdings in Amazon.com were worth $1,650,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Accordant Advisory Group Inc lifted its position in shares of 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 acquiring an additional 100 shares in the last quarter. Icon Wealth Advisors LLC lifted its holdings in shares of 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 purchasing an additional 25,581 shares in the last quarter. Quattro Financial Advisors LLC boosted its position in shares of Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock worth $51,000 after buying an additional 45 shares during the period. Compass Planning Associates Inc purchased a new position in shares of Amazon.com during the fourth quarter valued at $51,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in Amazon.com during the fourth quarter valued at $54,000. Institutional investors own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AMZN. Westpark Capital initiated coverage on Amazon.com in a research report on Tuesday, April 1st. They set a "buy" rating and a $280.00 price objective for the company. Telsey Advisory Group dropped their price target on shares of Amazon.com from $275.00 to $235.00 and set an "outperform" rating on the stock in a research note on Wednesday. Maxim Group lifted their price objective on Amazon.com from $260.00 to $280.00 and gave the company a "buy" rating in a research report on Friday, February 7th. DA Davidson reduced their price target on Amazon.com from $280.00 to $230.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Jefferies Financial Group dropped their price objective on Amazon.com from $250.00 to $240.00 and set a "buy" rating on the stock in a report on Tuesday. Two equities research analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $247.56.

Insider Transactions at Amazon.com

In related news, CEO Andrew R. Jassy sold 20,784 shares of the business's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the completion of the sale, the chief executive officer now directly owns 2,118,886 shares of the company's stock, valued at $467,532,195.90. The trade was a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the transaction, the chief executive officer now owns 509,474 shares in the company, valued at $95,776,017.26. This represents a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 104,798 shares of company stock worth $23,341,803 over the last 90 days. 10.80% of the stock is owned by insiders.

Amazon.com Stock Up 3.3 %

Shares of NASDAQ AMZN opened at $186.54 on Friday. 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 $1.98 trillion, a price-to-earnings ratio of 33.73, a price-to-earnings-growth 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. The firm's 50-day simple moving average is $194.27 and its 200 day simple moving average is $207.70.

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, beating 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%. On average, research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share 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.

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