Narus Financial Partners LLC Has $1.89 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Narus Financial Partners LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 31.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,629 shares of the e-commerce giant's stock after buying an additional 2,079 shares during the period. Narus Financial Partners LLC's holdings in Amazon.com were worth $1,893,000 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 stake 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. Hoese & Co LLP acquired a new stake in Amazon.com in the 3rd quarter valued at $37,000. Bull Oak Capital LLC acquired a new stake in Amazon.com in the 3rd quarter valued at $45,000. Values First Advisors Inc. acquired a new stake in Amazon.com in the 3rd quarter valued at $56,000. Finally, IFS Advisors LLC increased its stake in Amazon.com by 1,625.0% in the 4th quarter. IFS Advisors LLC now owns 345 shares of the e-commerce giant's stock valued at $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 Price Performance

Shares of Amazon.com stock traded down $6.30 on Friday, reaching $216.58. 55,147,843 shares of the stock were exchanged, compared to its average volume of 35,339,464. The firm's 50 day moving average is $227.88 and its 200-day moving average is $203.96. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The firm has a market cap of $2.30 trillion, a PE ratio of 39.16, a P/E/G ratio of 1.54 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping analysts' consensus estimates 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 anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 3,500 shares of the company's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $210.00, for a total transaction of $735,000.00. Following the completion of the transaction, the chief executive officer now directly owns 524,567 shares in the company, valued at $110,159,070. This represents a 0.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jonathan Rubinstein sold 4,351 shares of the company's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the transaction, the director now owns 88,203 shares of the company's stock, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 40,852 shares of company stock valued at $9,324,151. Company insiders own 10.80% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on AMZN shares. The Goldman Sachs Group lifted their price target on shares of Amazon.com from $240.00 to $255.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Susquehanna boosted their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the stock a "positive" rating in a research note on Friday, November 1st. Monness Crespi & Hardt boosted their price objective on shares of Amazon.com from $225.00 to $245.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Evercore ISI boosted their price objective on shares of Amazon.com from $240.00 to $260.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Finally, DA Davidson boosted their price objective on shares of Amazon.com from $235.00 to $280.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $260.74.

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.