Phillips Financial Management LLC Purchases 513 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Phillips Financial Management LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 8.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,570 shares of the e-commerce giant’s stock after acquiring an additional 513 shares during the quarter. Phillips Financial Management LLC’s holdings in Amazon.com were worth $998,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Pinkerton Retirement Specialists LLC raised its stake in Amazon.com by 30.6% in the fourth quarter. Pinkerton Retirement Specialists LLC now owns 10,691 shares of the e-commerce giant’s stock worth $1,624,000 after buying an additional 2,504 shares in the last quarter. First Merchants Corp increased its holdings in shares of Amazon.com by 8.8% in the 4th quarter. First Merchants Corp now owns 103,104 shares of the e-commerce giant’s stock valued at $15,665,000 after acquiring an additional 8,351 shares during the period. Wallington Asset Management LLC raised its position in shares of Amazon.com by 1.1% in the 4th quarter. Wallington Asset Management LLC now owns 84,124 shares of the e-commerce giant’s stock worth $12,782,000 after acquiring an additional 950 shares in the last quarter. One Wealth Management Investment & Advisory Services LLC purchased a new stake in shares of Amazon.com during the 4th quarter worth $8,743,000. Finally, Global Assets Advisory LLC boosted its position in Amazon.com by 1.7% during the fourth quarter. Global Assets Advisory LLC now owns 21,450 shares of the e-commerce giant’s stock valued at $3,259,000 after purchasing an additional 367 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Down 1.6 %

AMZN stock opened at $176.59 on Thursday. Amazon.com, Inc. has a 52 week low of $101.15 and a 52 week high of $189.77. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. The firm has a 50-day simple moving average of $177.71 and a 200-day simple moving average of $158.12. The stock has a market capitalization of $1.83 trillion, a P/E ratio of 60.89, a P/E/G ratio of 1.54 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The firm had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. During the same period in the previous year, the company posted $0.21 earnings per share. The business’s revenue was up 13.9% on a year-over-year basis. Equities analysts forecast that Amazon.com, Inc. will post 4.1 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $181.38, for a total transaction of $90,690.00. Following the completion of the sale, the chief executive officer now owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $20,239,226.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $181.38, for a total value of $90,690.00. Following the completion of the sale, the chief executive officer now directly owns 130,600 shares of the company’s stock, valued at $23,688,228. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,214,010 shares of company stock valued at $5,505,889,146. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on AMZN shares. TD Cowen boosted their target price on shares of Amazon.com from $200.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. The Goldman Sachs Group increased their target price on shares of Amazon.com from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Maxim Group began coverage on shares of Amazon.com in a research note on Wednesday, April 17th. They issued a “buy” rating and a $218.00 target price for the company. Sanford C. Bernstein upped their price target on Amazon.com from $175.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Finally, Wolfe Research raised their price objective on Amazon.com from $195.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Amazon.com presently has a consensus rating of “Buy” and an average target price of $204.76.

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.