Smartleaf Asset Management LLC Increases Position in Amazon.com, Inc. (NASDAQ:AMZN)

Smartleaf Asset Management LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 26.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 88,891 shares of the e-commerce giant's stock after purchasing an additional 18,827 shares during the period. Amazon.com comprises approximately 2.0% of Smartleaf Asset Management LLC's portfolio, making the stock its 5th biggest holding. Smartleaf Asset Management LLC's holdings in Amazon.com were worth $19,672,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Accordant Advisory Group Inc increased its position in Amazon.com by 400.0% during the 4th 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 in the last quarter. Icon Wealth Advisors LLC boosted 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 purchasing an additional 25,581 shares during the last quarter. Quattro Financial Advisors LLC boosted its stake 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 valued at $51,000 after buying an additional 45 shares during the last quarter. Compass Planning Associates Inc acquired a new position in Amazon.com during the 4th quarter worth $51,000. Finally, Iron Horse Wealth Management LLC increased its holdings in Amazon.com by 64.4% in the fourth quarter. Iron Horse Wealth Management LLC now owns 286 shares of the e-commerce giant's stock valued at $63,000 after buying an additional 112 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Stock Performance

NASDAQ:AMZN traded down $7.41 on Friday, hitting $171.00. The company's stock had a trading volume of 122,919,361 shares, compared to its average volume of 40,634,140. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The stock has a fifty day moving average of $212.18 and a two-hundred day moving average of $209.22. The firm has a market capitalization of $1.81 trillion, a P/E ratio of 30.92, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39.

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

Insider Activity at Amazon.com

In other Amazon.com 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 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Brian T. Olsavsky sold 14,620 shares of Amazon.com stock in a transaction on Friday, February 21st. The stock was sold at an average price of $223.14, for a total transaction of $3,262,306.80. Following the transaction, the chief financial officer now owns 49,000 shares in the company, valued at approximately $10,933,860. This trade represents a 22.98 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 104,798 shares of company stock valued at $23,341,803. 10.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of research reports. Benchmark increased their target price on shares of Amazon.com from $215.00 to $265.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. Sanford C. Bernstein increased their price target on Amazon.com from $235.00 to $265.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 18th. DA Davidson raised their price objective on shares of Amazon.com from $235.00 to $280.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Wolfe Research boosted their price target on shares of Amazon.com from $250.00 to $270.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. Finally, Rosenblatt Securities increased their price objective on Amazon.com from $236.00 to $287.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $260.53.

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.