Vest Financial LLC Purchases 3,484 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Vest Financial LLC grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 9.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,026 shares of the e-commerce giant's stock after acquiring an additional 3,484 shares during the period. Vest Financial LLC's holdings in Amazon.com were worth $9,220,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in AMZN. SC&H Financial Advisors Inc. lifted its position in shares of Amazon.com by 36.3% during the 4th quarter. SC&H Financial Advisors Inc. now owns 3,654 shares of the e-commerce giant's stock valued at $802,000 after acquiring an additional 974 shares during the period. Clientfirst Wealth Management LLC acquired a new position in shares of Amazon.com during the fourth quarter valued at about $325,000. Austin Asset Management Co Inc raised its holdings in shares of Amazon.com by 16.8% during the fourth quarter. Austin Asset Management Co Inc now owns 8,502 shares of the e-commerce giant's stock valued at $1,865,000 after purchasing an additional 1,224 shares during the period. Quattro Financial Advisors LLC boosted its position in shares of Amazon.com by 0.9% during the 4th quarter. Quattro Financial Advisors LLC now owns 98,552 shares of the e-commerce giant's stock worth $23,074,000 after purchasing an additional 884 shares in the last quarter. Finally, Mainsail Financial Group LLC grew its stake in shares of Amazon.com by 4.1% in the 4th quarter. Mainsail Financial Group LLC now owns 1,424 shares of the e-commerce giant's stock valued at $312,000 after buying an additional 56 shares during the period. 72.20% of the stock is owned by institutional investors.

Remove Ads

Analysts Set New Price Targets

A number of research analysts recently weighed in on AMZN shares. Wolfe Research increased their price target on Amazon.com from $250.00 to $270.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. Jefferies Financial Group upped their target price on Amazon.com from $235.00 to $275.00 and gave the stock a "buy" rating in a research report on Monday, December 16th. Moffett Nathanson increased their target price on Amazon.com from $235.00 to $248.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Robert W. Baird boosted their price target on shares of Amazon.com from $220.00 to $260.00 and gave the company an "outperform" rating in a research note on Friday, December 13th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $285.00 price objective on shares of Amazon.com in a research note on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Amazon.com has a consensus rating of "Moderate Buy" and an average price target of $260.65.

Insider Buying and Selling

In other Amazon.com news, SVP David Zapolsky sold 19,212 shares of Amazon.com stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $217.50, for a total value of $4,178,610.00. Following the completion of the transaction, the senior vice president now directly 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas J. Herrington sold 27,500 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 497,067 shares in the company, valued at $114,459,618.09. This trade represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 106,649 shares of company stock valued at $23,871,905 over the last quarter. Corporate insiders own 10.80% of the company's stock.

Amazon.com Trading Down 0.7 %

AMZN stock traded down $1.45 on Friday, reaching $199.25. The company's stock had a trading volume of 59,748,687 shares, compared to its average volume of 38,371,582. The firm has a market cap of $2.11 trillion, a PE ratio of 36.03, a PEG ratio of 1.50 and a beta of 1.19. The business has a fifty day simple moving average of $224.11 and a two-hundred day simple moving average of $206.61. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. 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 (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating 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, research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current 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.