Diversified Enterprises LLC Raises Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Diversified Enterprises LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 29.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 13,810 shares of the e-commerce giant's stock after acquiring an additional 3,151 shares during the period. Amazon.com makes up about 0.3% of Diversified Enterprises LLC's holdings, making the stock its 29th largest position. Diversified Enterprises LLC's holdings in Amazon.com were worth $3,030,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of AMZN. Accordant Advisory Group Inc raised its stake in shares of Amazon.com by 400.0% in the fourth 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 grew its holdings in Amazon.com by 20.5% during 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 in the last quarter. Quattro Financial Advisors LLC raised its position in Amazon.com by 23.8% in the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after buying an additional 45 shares during the last quarter. Compass Planning Associates Inc purchased a new stake in Amazon.com in the 4th quarter valued at $51,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new position in Amazon.com during the 4th quarter worth $54,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AMZN has been the subject of several analyst reports. Needham & Company LLC reiterated a "buy" rating and issued a $250.00 target price on shares of Amazon.com in a report on Friday, February 7th. Mizuho dropped their target price on shares of Amazon.com from $285.00 to $255.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Canaccord Genuity Group reaffirmed a "buy" rating on shares of Amazon.com in a report on Thursday, February 13th. Scotiabank increased their price target on Amazon.com from $246.00 to $306.00 and gave the company a "sector outperform" rating in a research report on Friday, January 24th. Finally, Wells Fargo & Company cut their price objective on Amazon.com from $207.00 to $203.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 25th. Two research analysts have rated the stock with a hold rating, forty-four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $252.73.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the sale, the chief executive officer now owns 509,474 shares of the company's stock, valued at $95,776,017.26. The trade was a 0.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 2,118,886 shares of the company's stock, valued at $467,532,195.90. The trade was a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 104,798 shares of company stock valued at $23,341,803. Corporate insiders own 10.80% of the company's stock.

Amazon.com Trading Down 1.0 %

Shares of NASDAQ AMZN traded down $1.82 during trading hours on Friday, hitting $172.51. The company's stock had a trading volume of 44,456,290 shares, compared to its average volume of 41,728,394. 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 stock has a market cap of $1.83 trillion, a price-to-earnings ratio of 31.19, a P/E/G ratio of 1.50 and a beta of 1.39. The business has a 50-day simple moving average of $198.44 and a 200-day simple moving average of $208.23.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data 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%. On average, analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.