Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Brooklyn FI LLC

Brooklyn FI LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 6,313.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 115,706 shares of the e-commerce giant's stock after purchasing an additional 113,902 shares during the period. Brooklyn FI LLC's holdings in Amazon.com were worth $23,677,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Accordant Advisory Group Inc grew its position 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 acquiring an additional 100 shares in the last quarter. Compass Planning Associates Inc acquired a new position in Amazon.com in the fourth quarter valued at $51,000. Quattro Financial Advisors LLC boosted its holdings in shares of Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after acquiring an additional 45 shares in the last quarter. Halbert Hargrove Global Advisors LLC acquired a new position in Amazon.com during the fourth quarter worth about $54,000. Finally, Iron Horse Wealth Management LLC grew its position in Amazon.com by 64.4% during the fourth quarter. Iron Horse Wealth Management LLC now owns 286 shares of the e-commerce giant's stock worth $63,000 after buying an additional 112 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Stock Up 6.9 %

Shares of NASDAQ:AMZN traded up $11.87 on Wednesday, reaching $185.05. The company had a trading volume of 19,698,765 shares, compared to its average volume of 41,749,674. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The firm's 50 day simple moving average is $196.07 and its 200-day simple moving average is $207.85. The firm has a market capitalization of $1.96 trillion, a PE ratio of 33.46, a PEG ratio of 1.50 and a beta of 1.39. 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 (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating 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%. As a group, analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AMZN has been the topic of several research reports. Maxim Group increased their price target on shares of Amazon.com from $260.00 to $280.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Mizuho dropped their target price on Amazon.com from $285.00 to $255.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Royal Bank of Canada lifted their target price on Amazon.com from $255.00 to $265.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft reduced their price objective on Amazon.com from $287.00 to $206.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Wolfe Research raised their target price on Amazon.com from $250.00 to $270.00 and gave the company an "outperform" rating in a research note on Friday, January 3rd. Two analysts have rated the stock with a hold rating and forty-five have given a buy rating to the stock. Based on data from MarketBeat.com, Amazon.com has an average rating of "Moderate Buy" and an average price target of $248.13.

Insiders Place Their Bets

In related news, CEO Douglas J. Herrington sold 27,500 shares of the business's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the sale, the chief executive officer now directly owns 497,067 shares in the company, valued at approximately $114,459,618.09. The trade was a 5.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Brian T. Olsavsky sold 14,620 shares of the company's stock in a transaction that occurred 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 sale, the chief financial officer now owns 49,000 shares in the company, valued at $10,933,860. The trade was a 22.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 104,798 shares of company stock valued at $23,341,803 in the last 90 days. 10.80% of the stock is owned by insiders.

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.