Concord Wealth Partners Has $10.61 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Concord Wealth Partners lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 9.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 48,354 shares of the e-commerce giant's stock after purchasing an additional 3,979 shares during the quarter. Amazon.com accounts for approximately 1.7% of Concord Wealth Partners' holdings, making the stock its 14th largest position. Concord Wealth Partners' holdings in Amazon.com were worth $10,608,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of AMZN. Concord Asset Management LLC VA boosted its stake in Amazon.com by 10.8% during the fourth quarter. Concord Asset Management LLC VA now owns 41,201 shares of the e-commerce giant's stock valued at $9,039,000 after buying an additional 4,031 shares in the last quarter. Chicago Partners Investment Group LLC boosted its stake in Amazon.com by 6.2% during the fourth quarter. Chicago Partners Investment Group LLC now owns 127,571 shares of the e-commerce giant's stock valued at $28,337,000 after buying an additional 7,470 shares in the last quarter. New Millennium Group LLC boosted its stake in Amazon.com by 7.7% during the fourth quarter. New Millennium Group LLC now owns 31,173 shares of the e-commerce giant's stock valued at $6,839,000 after buying an additional 2,235 shares in the last quarter. Waldron Private Wealth LLC boosted its stake in Amazon.com by 0.6% during the fourth quarter. Waldron Private Wealth LLC now owns 93,337 shares of the e-commerce giant's stock valued at $20,477,000 after buying an additional 534 shares in the last quarter. Finally, Everett Harris & Co. CA boosted its stake in Amazon.com by 1.5% during the fourth quarter. Everett Harris & Co. CA now owns 1,035,659 shares of the e-commerce giant's stock valued at $227,213,000 after buying an additional 15,233 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Amazon.com Stock Down 2.8 %

Shares of NASDAQ AMZN traded down $6.30 during mid-day trading on Friday, reaching $216.58. 55,147,843 shares of the company traded hands, compared to its average volume of 35,339,464. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The stock has a market cap of $2.30 trillion, a PE ratio of 39.16, a price-to-earnings-growth ratio of 1.54 and a beta of 1.15. The company's fifty day moving average is $227.88 and its two-hundred day moving average is $204.26. 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 released its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. On average, analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AMZN. JPMorgan Chase & Co. raised their target price on Amazon.com from $250.00 to $280.00 and gave the company an "overweight" rating in a research note on Wednesday, December 18th. Tigress Financial upped their target price on Amazon.com from $245.00 to $290.00 and gave the company a "buy" rating in a report on Friday, December 20th. Loop Capital upped their target price on Amazon.com from $275.00 to $285.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. Raymond James upped their target price on Amazon.com from $260.00 to $275.00 in a report on Monday, February 10th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $285.00 target price on shares of Amazon.com in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of "Moderate Buy" and a consensus target price of $260.74.

Insiders Place Their Bets

In related news, Director Jonathan Rubinstein sold 4,351 shares of the firm's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the transaction, the director now owns 88,203 shares in the company, valued at $20,273,459.55. This trade represents a 4.70 % 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 3,500 shares of the firm's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $210.00, for a total value of $735,000.00. Following the transaction, the chief executive officer now owns 524,567 shares of the company's stock, valued at $110,159,070. This trade represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,852 shares of company stock worth $9,324,151. 10.80% of the stock is currently owned by company insiders.

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.