Abner Herrman & Brock LLC Increases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Abner Herrman & Brock LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 148,709 shares of the e-commerce giant’s stock after purchasing an additional 193 shares during the period. Amazon.com accounts for approximately 3.6% of Abner Herrman & Brock LLC’s investment portfolio, making the stock its 6th biggest holding. Abner Herrman & Brock LLC’s holdings in Amazon.com were worth $28,293,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Prudent Man Investment Management Inc. bought a new position in shares of Amazon.com during the fourth quarter worth approximately $27,000. Accordant Advisory Group Inc increased 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 worth $27,000 after purchasing an additional 100 shares during the period. LSV Asset Management bought a new position in shares of Amazon.com during the fourth quarter worth approximately $35,000. Perritt Capital Management Inc increased its stake in shares of Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock worth $42,000 after purchasing an additional 80 shares during the period. Finally, Compass Planning Associates Inc bought a new position in shares of Amazon.com during the fourth quarter worth approximately $51,000. Institutional investors own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In related news, VP Shelley Reynolds sold 2,695 shares of the company’s stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total transaction of $541,129.05. Following the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $24,050,626.20. This represents a 2.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Keith Brian Alexander sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $210.68, for a total value of $210,680.00. Following the transaction, the director now directly owns 5,465 shares in the company, valued at approximately $1,151,366.20. This trade represents a 15.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 102,037 shares of company stock valued at $20,531,075. Corporate insiders own 9.70% of the company’s stock.

Amazon.com Stock Up 0.0%

Shares of AMZN opened at $213.24 on Friday. The company has a market capitalization of $2.26 trillion, a PE ratio of 38.56, a PEG ratio of 1.50 and a beta of 1.33. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The stock’s 50-day moving average price is $194.64 and its two-hundred day moving average price is $209.13. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The firm had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. During the same period last year, the company posted $0.98 EPS. The business’s quarterly revenue was up 8.6% on a year-over-year basis. On average, analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on AMZN. BNP Paribas upgraded Amazon.com to a “hold” rating in a research note on Wednesday, April 30th. Canaccord Genuity Group restated a “buy” rating on shares of Amazon.com in a research note on Thursday, February 13th. Jefferies Financial Group lowered their price objective on Amazon.com from $250.00 to $240.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Evercore ISI lowered their price objective on Amazon.com from $270.00 to $260.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. Finally, Westpark Capital reaffirmed a “buy” rating and issued a $280.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $244.89.

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.