Amazon.com, Inc. (NASDAQ:AMZN) is Verus Capital Partners LLC's 2nd Largest Position

Verus Capital Partners LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 423,228 shares of the e-commerce giant's stock after acquiring an additional 14,974 shares during the period. Amazon.com comprises about 8.3% of Verus Capital Partners LLC's portfolio, making the stock its 2nd biggest position. Verus Capital Partners LLC's holdings in Amazon.com were worth $92,852,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of AMZN. Accordant Advisory Group Inc raised its stake in shares of Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after acquiring an additional 100 shares during the last quarter. Compass Planning Associates Inc bought a new position in Amazon.com during the 4th quarter worth $51,000. Quattro Financial Advisors LLC raised its position in Amazon.com by 23.8% during the 4th 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 during the last quarter. Iron Horse Wealth Management LLC lifted its holdings in Amazon.com by 64.4% during the 4th quarter. Iron Horse Wealth Management LLC now owns 286 shares of the e-commerce giant's stock worth $63,000 after buying an additional 112 shares during the period. Finally, Sycomore Asset Management grew its position in shares of Amazon.com by 100.0% in the 4th quarter. Sycomore Asset Management now owns 300 shares of the e-commerce giant's stock valued at $66,000 after buying an additional 150 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Stock Performance

Amazon.com stock traded down $17.60 during midday trading on Thursday, reaching $178.41. The stock had a trading volume of 95,296,225 shares, compared to its average volume of 40,316,321. The firm has a market capitalization of $1.89 trillion, a PE ratio of 32.26, a P/E/G ratio of 1.50 and a beta of 1.19. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The firm's 50-day moving average price is $213.46 and its 200 day moving average price is $209.01.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating 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%. As a group, research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In related news, SVP David Zapolsky sold 19,212 shares of the business's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the completion of the transaction, the senior vice president now owns 49,950 shares of the company's stock, valued at approximately $10,864,125. The trade was a 27.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the sale, the chief executive officer now owns 497,067 shares in the company, valued at $114,459,618.09. This represents a 5.24 % decrease in their ownership of the stock. 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 90 days. 10.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have issued reports on AMZN. Stifel Nicolaus raised their price target on shares of Amazon.com from $245.00 to $275.00 and gave the stock a "buy" rating in a report on Friday, February 7th. TD Cowen lifted their target price on shares of Amazon.com from $240.00 to $265.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th. Scotiabank boosted their target price on shares of Amazon.com from $246.00 to $306.00 and gave the company a "sector outperform" rating in a report on Friday, January 24th. The Goldman Sachs Group increased their price target on Amazon.com from $240.00 to $255.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Finally, Wedbush reissued an "outperform" rating and issued a $280.00 price objective on shares of Amazon.com in a research note on Friday, February 7th. Two analysts have rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $260.53.

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.