United Services Automobile Association Acquires 1,737 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

United Services Automobile Association lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 216,034 shares of the e-commerce giant's stock after purchasing an additional 1,737 shares during the quarter. Amazon.com comprises approximately 1.6% of United Services Automobile Association's holdings, making the stock its 19th largest position. United Services Automobile Association's holdings in Amazon.com were worth $47,396,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in AMZN. Cable Hill Partners LLC raised its stake in Amazon.com by 0.5% during the 4th quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant's stock worth $2,104,000 after acquiring an additional 44 shares during the period. Quattro Financial Advisors LLC increased its stake 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 worth $51,000 after purchasing an additional 45 shares in the last quarter. Northern Capital Management Inc. increased its stake in shares of Amazon.com by 0.6% in the fourth quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock worth $1,613,000 after purchasing an additional 45 shares in the last quarter. White Wing Wealth Management raised its position in shares of Amazon.com by 2.4% during the 4th quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant's stock valued at $433,000 after purchasing an additional 47 shares during the period. Finally, MBM Wealth Consultants LLC lifted its stake in shares of Amazon.com by 0.6% during the 4th quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant's stock valued at $1,889,000 after buying an additional 48 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Buying and Selling

In other news, VP Shelley Reynolds sold 8,833 shares of the company's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the transaction, the vice president now directly owns 119,780 shares of the company's stock, valued at approximately $26,647,456.60. This represents a 6.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction on 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 owns 497,067 shares of the company's stock, valued at approximately $114,459,618.09. This represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 104,798 shares of company stock worth $23,341,803 in the last 90 days. 10.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have commented on AMZN. Deutsche Bank Aktiengesellschaft decreased their price target on Amazon.com from $287.00 to $206.00 and set a "buy" rating on the stock in a report on Monday, April 14th. HSBC lifted their target price on Amazon.com from $225.00 to $270.00 and gave the company a "buy" rating in a research note on Monday, January 13th. Cantor Fitzgerald cut their price objective on shares of Amazon.com from $270.00 to $230.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Rosenblatt Securities upped their target price on shares of Amazon.com from $236.00 to $287.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $265.00 price target (up previously from $225.00) on shares of Amazon.com in a research note on Friday, February 7th. Two research analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $247.56.

Amazon.com Trading Up 3.3 %

AMZN opened at $186.54 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The firm has a market cap of $1.98 trillion, a price-to-earnings ratio of 33.73, a PEG ratio of 1.50 and a beta of 1.39. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The stock has a fifty day moving average price of $194.27 and a 200-day moving average price of $207.70.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping analysts' consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. As a group, equities research 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.

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