Glass Jacobson Investment Advisors llc Purchases 287 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Glass Jacobson Investment Advisors llc raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,313 shares of the e-commerce giant’s stock after acquiring an additional 287 shares during the period. Glass Jacobson Investment Advisors llc’s holdings in Amazon.com were worth $1,111,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Bridgefront Capital LLC bought a new stake in Amazon.com during the first quarter valued at about $228,000. Krane Funds Advisors LLC lifted its stake in shares of Amazon.com by 239.1% in the first quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock valued at $254,000 after buying an additional 55 shares during the period. Range Financial Group LLC bought a new stake in shares of Amazon.com in the first quarter valued at about $258,000. My Personal CFO LLC bought a new stake in shares of Amazon.com in the first quarter valued at about $261,000. Finally, Worth Asset Management LLC bought a new stake in shares of Amazon.com in the first quarter valued at about $191,000. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Canaccord Genuity Group increased their target price on shares of Amazon.com from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Robert W. Baird increased their target price on shares of Amazon.com from $185.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. TD Cowen increased their target price on shares of Amazon.com from $200.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Mizuho increased their price target on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Finally, JPMorgan Chase & Co. increased their price target on shares of Amazon.com from $190.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $201.43.

Insider Buying and Selling at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the transaction, the chief executive officer now directly owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction on Monday, April 1st. The shares were sold at an average price of $180.73, for a total transaction of $632,555.00. Following the transaction, the chief executive officer now directly owns 512,858 shares of the company’s stock, valued at $92,688,826.34. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the transaction, the chief executive officer now directly owns 116,560 shares in the company, valued at $18,150,723.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,214,010 shares of company stock valued at $5,505,874,846. 12.30% of the stock is currently owned by insiders.

Amazon.com Price Performance

Shares of AMZN stock opened at $186.13 on Friday. Amazon.com, Inc. has a 52-week low of $98.71 and a 52-week high of $189.77. The stock has a market cap of $1.93 trillion, a PE ratio of 64.18, a PEG ratio of 1.65 and a beta of 1.16. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. The firm’s 50 day moving average price is $176.33 and its two-hundred day moving average price is $155.18.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The firm had revenue of $169.96 billion for the quarter, compared to analysts’ expectations of $165.96 billion. During the same period last year, the firm earned $0.21 earnings per share. The business’s revenue for the quarter was up 13.9% on a year-over-year basis. As a group, analysts forecast that Amazon.com, Inc. will post 4.08 EPS for the current year.

Amazon.com Company 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.