Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by New Millennium Group LLC

New Millennium Group LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 7.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 31,173 shares of the e-commerce giant's stock after buying an additional 2,235 shares during the period. Amazon.com comprises approximately 4.0% of New Millennium Group LLC's holdings, making the stock its 6th largest holding. New Millennium Group LLC's holdings in Amazon.com were worth $6,839,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Waldron Private Wealth LLC boosted its position in Amazon.com by 0.6% in the 4th 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 during the last quarter. Everett Harris & Co. CA boosted its position in Amazon.com by 1.5% in the 4th 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 during the last quarter. Total Clarity Wealth Management Inc. boosted its position in shares of Amazon.com by 13.1% in the 4th quarter. Total Clarity Wealth Management Inc. now owns 17,634 shares of the e-commerce giant's stock worth $3,869,000 after purchasing an additional 2,048 shares during the last quarter. Custom Index Systems LLC boosted its position in shares of Amazon.com by 0.6% in the 4th quarter. Custom Index Systems LLC now owns 13,954 shares of the e-commerce giant's stock worth $3,061,000 after purchasing an additional 78 shares during the last quarter. Finally, Heck Capital Advisors LLC bought a new position in shares of Amazon.com in the 4th quarter worth $5,927,000. 72.20% of the stock is currently owned by institutional investors.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the business's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $210.00, for a total transaction of $735,000.00. Following the completion of the transaction, the chief executive officer now directly owns 524,567 shares in the company, valued at $110,159,070. The trade was a 0.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jonathan Rubinstein sold 4,351 shares of the business's stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the transaction, the director now owns 88,203 shares of the company's stock, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,852 shares of company stock worth $9,324,151 over the last quarter. Company insiders own 10.80% of the company's stock.

Analyst Ratings Changes

AMZN has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft raised their price target on Amazon.com from $225.00 to $232.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. The Goldman Sachs Group raised their price objective on Amazon.com from $240.00 to $255.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Canaccord Genuity Group reaffirmed a "buy" rating on shares of Amazon.com in a research note on Thursday, February 13th. Maxim Group raised their price objective on Amazon.com from $260.00 to $280.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Finally, Monness Crespi & Hardt raised their price objective on Amazon.com from $225.00 to $245.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Two investment 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. According to data from MarketBeat, Amazon.com has an average rating of "Moderate Buy" and an average target price of $260.74.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN traded down $6.30 during trading on Friday, reaching $216.58. 55,147,843 shares of the stock were exchanged, compared to its average volume of 35,339,464. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The firm has a market cap of $2.30 trillion, a PE ratio of 39.16, a PEG ratio of 1.54 and a beta of 1.15. The stock has a 50-day moving average price of $227.88 and a 200-day moving average price of $204.26. 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 issued its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping 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%. Research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.