Beck Bode LLC Invests $266,000 in Amazon.com, Inc. (NASDAQ:AMZN)

Beck Bode LLC purchased a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,748 shares of the e-commerce giant’s stock, valued at approximately $266,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Waycross Partners LLC lifted its holdings in shares of Amazon.com by 10.1% during the fourth quarter. Waycross Partners LLC now owns 150,140 shares of the e-commerce giant’s stock valued at $22,812,000 after purchasing an additional 13,745 shares in the last quarter. Thompson Davis & CO. Inc. lifted its holdings in shares of Amazon.com by 120.1% during the fourth quarter. Thompson Davis & CO. Inc. now owns 4,673 shares of the e-commerce giant’s stock valued at $710,000 after purchasing an additional 2,550 shares in the last quarter. Hartford Funds Management Co LLC lifted its holdings in shares of Amazon.com by 45.7% during the fourth quarter. Hartford Funds Management Co LLC now owns 9,621 shares of the e-commerce giant’s stock valued at $1,462,000 after purchasing an additional 3,016 shares in the last quarter. Sage Rhino Capital LLC lifted its holdings in shares of Amazon.com by 0.5% during the fourth quarter. Sage Rhino Capital LLC now owns 17,303 shares of the e-commerce giant’s stock valued at $2,629,000 after purchasing an additional 81 shares in the last quarter. Finally, Savant Capital LLC lifted its holdings in Amazon.com by 7.4% in the fourth quarter. Savant Capital LLC now owns 253,956 shares of the e-commerce giant’s stock valued at $38,586,000 after acquiring an additional 17,435 shares during the period. 72.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on AMZN. Wells Fargo & Company increased their target price on Amazon.com from $217.00 to $234.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Roth Mkm reissued a “buy” rating and issued a $210.00 target price (up previously from $205.00) on shares of Amazon.com in a report on Wednesday, May 1st. Evercore ISI increased their target price on Amazon.com from $220.00 to $225.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Sanford C. Bernstein increased their target price on Amazon.com from $175.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $220.00 price objective on shares of Amazon.com in a research note on Wednesday, May 1st. One research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com currently has a consensus rating of “Buy” and a consensus price target of $211.62.

Insider Activity

In related news, Director Jonathan Rubinstein sold 5,556 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $180.00, for a total transaction of $1,000,080.00. Following the sale, the director now owns 109,664 shares of the company’s stock, valued at $19,739,520. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Jonathan Rubinstein sold 5,556 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $180.00, for a total transaction of $1,000,080.00. Following the completion of the sale, the director now owns 109,664 shares of the company’s stock, valued at $19,739,520. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Keith Brian Alexander sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $186.22, for a total transaction of $186,220.00. Following the completion of the sale, the director now owns 4,760 shares of the company’s stock, valued at $886,407.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 70,320 shares of company stock worth $12,722,720. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN stock opened at $183.13 on Thursday. Amazon.com, Inc. has a 52-week low of $113.78 and a 52-week high of $191.70. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. The firm has a market capitalization of $1.91 trillion, a P/E ratio of 51.30, a P/E/G ratio of 1.33 and a beta of 1.15. The stock has a 50 day moving average price of $181.87 and a 200 day moving average price of $165.67.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The business had revenue of $143.31 billion during the quarter, compared to analyst estimates of $142.65 billion. During the same period in the previous year, the company posted $0.31 EPS. Amazon.com’s revenue was up 12.5% on a year-over-year basis. As a group, sell-side analysts predict that Amazon.com, Inc. will post 4.67 earnings per share 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.