Atlantic Family Wealth LLC Makes New Investment in Amazon.com, Inc. (NASDAQ:AMZN)

Atlantic Family Wealth LLC acquired a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 3,093 shares of the e-commerce giant's stock, valued at approximately $679,000. Amazon.com accounts for about 0.8% of Atlantic Family Wealth LLC's investment portfolio, making the stock its 11th largest position.

A number of other institutional investors have also made changes to their positions in AMZN. Accordant Advisory Group Inc increased its holdings 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 during the last quarter. Icon Wealth Advisors LLC increased its stake 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 worth $28,000 after buying an additional 25,581 shares during the last quarter. Bull Oak Capital LLC acquired a new stake in Amazon.com in the third quarter valued at $45,000. Quattro Financial Advisors LLC grew its holdings in Amazon.com by 23.8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock worth $51,000 after acquiring an additional 45 shares in the last quarter. Finally, Compass Planning Associates Inc acquired a new stake in Amazon.com during the fourth quarter valued at approximately $51,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 8,833 shares of the company's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $222.47, for a total value of $1,965,077.51. Following the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $26,647,456.60. This represents a 6.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 5,501 shares of Amazon.com stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the sale, the chief executive officer now directly owns 505,318 shares of the company's stock, valued at $115,434,843.92. This trade represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,298 shares of company stock valued at $22,871,828 over the last three months. 10.80% of the stock is owned by corporate insiders.

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Amazon.com Stock Up 1.2 %

NASDAQ:AMZN traded up $2.45 during trading hours on Tuesday, hitting $205.71. 31,105,980 shares of the stock traded hands, compared to its average volume of 38,443,934. The firm has a market cap of $2.18 trillion, a price-to-earnings ratio of 37.20, a PEG ratio of 1.50 and a beta of 1.19. The firm has a 50 day moving average price of $218.60 and a 200 day moving average price of $208.62. 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 fifty-two week low of $151.61 and a fifty-two week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Equities research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several research reports. Maxim Group lifted their price target on shares of Amazon.com from $260.00 to $280.00 and gave the company a "buy" rating in a report on Friday, February 7th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $270.00 target price on shares of Amazon.com in a report on Friday, February 7th. Citigroup reissued a "buy" rating on shares of Amazon.com in a report on Thursday, February 13th. Wells Fargo & Company lowered their price objective on Amazon.com from $207.00 to $203.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 25th. Finally, Jefferies Financial Group raised their target price on Amazon.com from $235.00 to $275.00 and gave the company a "buy" rating in a research note on Monday, December 16th. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $260.65.

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.