Norris Perne & French LLP MI Boosts Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Norris Perne & French LLP MI grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 230,748 shares of the e-commerce giant's stock after acquiring an additional 12,553 shares during the period. Amazon.com comprises 3.7% of Norris Perne & French LLP MI's investment portfolio, making the stock its 3rd biggest position. Norris Perne & French LLP MI's holdings in Amazon.com were worth $50,624,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Accordant Advisory Group Inc boosted its holdings 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 worth $27,000 after buying an additional 100 shares during the period. Hoese & Co LLP bought a new position in Amazon.com in the 3rd quarter worth approximately $37,000. Bull Oak Capital LLC bought a new position in Amazon.com in the 3rd quarter worth approximately $45,000. Values First Advisors Inc. bought a new position in Amazon.com in the 3rd quarter worth approximately $56,000. Finally, IFS Advisors LLC boosted its holdings 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 worth $76,000 after buying an additional 325 shares during the period. 72.20% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the sale, the director now owns 88,203 shares of the company's stock, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $210.00, for a total transaction of $735,000.00. Following the sale, the chief executive officer now directly owns 524,567 shares in the company, valued at $110,159,070. The trade was a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 40,852 shares of company stock valued at $9,324,151 in the last quarter. Insiders own 10.80% of the company's stock.

Amazon.com Trading Down 2.8 %

Amazon.com stock traded down $6.30 during trading hours on Friday, reaching $216.58. The stock had a trading volume of 55,147,843 shares, compared to its average volume of 35,339,464. The stock has a market cap of $2.30 trillion, a PE ratio of 39.16, a PEG ratio of 1.54 and a beta of 1.15. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The company has a fifty day simple moving average of $227.88 and a 200-day simple moving average of $203.96.

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Oppenheimer raised their price objective on shares of Amazon.com from $230.00 to $260.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Phillip Securities downgraded shares of Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a report on Monday, February 10th. Stifel Nicolaus raised their price target on shares of Amazon.com from $245.00 to $275.00 and gave the company a "buy" rating in a report on Friday, February 7th. Loop Capital raised their price target on shares of Amazon.com from $275.00 to $285.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. Finally, Monness Crespi & Hardt raised their price target on shares of Amazon.com from $225.00 to $245.00 and gave the company a "buy" rating in a report on Friday, November 1st. 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's stock. According to MarketBeat, the stock 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.