Graney & King LLC Takes $495,000 Position in Amazon.com, Inc. (NASDAQ:AMZN)

Graney & King LLC acquired a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,258 shares of the e-commerce giant's stock, valued at approximately $495,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rench Wealth Management Inc. boosted its holdings in shares of Amazon.com by 7.9% during the 3rd quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant's stock worth $9,392,000 after buying an additional 3,703 shares during the period. Momentous Wealth Management Inc. bought a new position in shares of Amazon.com in the fourth quarter worth about $749,000. Segall Bryant & Hamill LLC boosted its stake in Amazon.com by 14.3% during the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock valued at $69,572,000 after purchasing an additional 39,696 shares during the period. Blankinship & Foster LLC increased its position in Amazon.com by 216.4% in the 3rd quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant's stock worth $1,291,000 after buying an additional 4,740 shares during the period. Finally, One Wealth Capital Management LLC bought a new stake in shares of Amazon.com in the fourth quarter valued at approximately $4,270,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction dated 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 sale, the chief executive officer now directly owns 509,474 shares in the company, valued at approximately $95,776,017.26. This trade represents a 0.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Shelley Reynolds sold 8,833 shares of the business's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the transaction, the vice president now owns 119,780 shares in the company, valued at $26,647,456.60. The trade was a 6.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,798 shares of company stock valued at $23,341,803 in the last ninety days. 10.80% of the stock is currently owned by insiders.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN traded up $2.45 on Friday, reaching $188.99. 36,349,105 shares of the company's stock were exchanged, compared to its average volume of 41,913,658. 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 twelve month low of $151.61 and a twelve month high of $242.52. The company has a fifty day moving average of $193.52 and a 200-day moving average of $207.90. The company has a market capitalization of $2.00 trillion, a price-to-earnings ratio of 34.18, a PEG ratio of 1.50 and a beta of 1.39.

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Loop Capital increased their price target on shares of Amazon.com from $275.00 to $285.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. DA Davidson lowered their target price on shares of Amazon.com from $280.00 to $230.00 and set a "buy" rating on the stock in a report on Monday, April 14th. JMP Securities cut their price target on shares of Amazon.com from $285.00 to $240.00 and set a "market outperform" rating for the company in a report on Monday, April 14th. Cantor Fitzgerald decreased their price objective on shares of Amazon.com from $270.00 to $230.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Finally, Truist Financial cut their target price on shares of Amazon.com from $265.00 to $230.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Two analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the stock. According to MarketBeat.com, Amazon.com presently has an average rating of "Moderate Buy" and an average price target of $247.56.

Amazon.com 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.