Antonelli Financial Advisors LLC Acquires Shares of 27,563 Amazon.com, Inc. (NASDAQ:AMZN)

Antonelli Financial Advisors LLC acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 27,563 shares of the e-commerce giant's stock, valued at approximately $6,047,000. Amazon.com makes up 5.1% of Antonelli Financial Advisors LLC's portfolio, making the stock its 6th biggest holding.

A number of other institutional investors also recently modified their holdings of AMZN. Swedbank AB raised its position in shares of Amazon.com by 1.4% during the third quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant's stock worth $2,484,864,000 after purchasing an additional 183,610 shares during the period. Sassicaia Capital Advisers LLC bought a new stake in Amazon.com during the 3rd quarter valued at $279,000. Howard Capital Management Group LLC raised its holdings in Amazon.com by 0.3% during the third quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant's stock worth $66,434,000 after buying an additional 897 shares during the last quarter. Meridian Management Co. grew its holdings in shares of Amazon.com by 27.6% during the third quarter. Meridian Management Co. now owns 33,460 shares of the e-commerce giant's stock valued at $6,235,000 after buying an additional 7,246 shares during the last quarter. Finally, Pettinga Financial Advisors LLC lifted its position in Amazon.com by 4.3% in the 3rd quarter. Pettinga Financial Advisors LLC now owns 5,512 shares of the e-commerce giant's stock valued at $1,027,000 after acquiring an additional 225 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Analyst Ratings Changes

AMZN has been the subject of several analyst reports. Needham & Company LLC reissued a "buy" rating and issued a $250.00 price objective on shares of Amazon.com in a research note on Friday, February 7th. Telsey Advisory Group dropped their price objective on Amazon.com from $275.00 to $235.00 and set an "outperform" rating on the stock in a research note on Wednesday. Phillip Securities lowered shares of Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a research note on Monday, February 10th. Truist Financial dropped their price target on shares of Amazon.com from $265.00 to $230.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Finally, JMP Securities decreased their price objective on shares of Amazon.com from $285.00 to $240.00 and set a "market outperform" rating for the company in a research note on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating and forty-five have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $247.56.

Amazon.com Trading Up 2.9 %

AMZN traded up $5.17 on Thursday, hitting $185.77. 28,096,849 shares of the company were exchanged, compared to its average volume of 41,884,605. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The firm has a fifty day simple moving average of $195.11 and a two-hundred day simple moving average of $207.66. The stock has a market capitalization of $1.97 trillion, a PE ratio of 33.61, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39.

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

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction that occurred 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction dated 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 in the company, valued at $467,532,195.90. The trade was a 0.97 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 104,798 shares of company stock worth $23,341,803. Company insiders own 10.80% of the company's stock.

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.