IFG Advisory LLC purchased a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 21,425 shares of the e-commerce giant’s stock, valued at approximately $1,859,000.

Several other institutional investors have also added to or reduced their stakes in the company. Northeast Investment Management grew its stake in Amazon.com by 1.5% in the 4th quarter. Northeast Investment Management now owns 35,838 shares of the e-commerce giant’s stock valued at $41,911,000 after buying an additional 515 shares during the last quarter. Twin Capital Management Inc. grew its stake in Amazon.com by 6.5% in the 4th quarter. Twin Capital Management Inc. now owns 24,740 shares of the e-commerce giant’s stock valued at $28,933,000 after buying an additional 1,500 shares during the last quarter. Fiduciary Trust Co. grew its stake in Amazon.com by 3.4% in the 4th quarter. Fiduciary Trust Co. now owns 32,513 shares of the e-commerce giant’s stock valued at $38,023,000 after buying an additional 1,071 shares during the last quarter. Financial Advisory Service Inc. grew its stake in Amazon.com by 10.4% in the 4th quarter. Financial Advisory Service Inc. now owns 688 shares of the e-commerce giant’s stock valued at $805,000 after buying an additional 65 shares during the last quarter. Finally, BTIM Corp. grew its stake in Amazon.com by 4.1% in the 4th quarter. BTIM Corp. now owns 929 shares of the e-commerce giant’s stock valued at $1,086,000 after buying an additional 37 shares during the last quarter. Institutional investors and hedge funds own 60.21% of the company’s stock.

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In other Amazon.com news, CEO Jeffrey A. Wilke sold 2,000 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $1,454.37, for a total value of $2,908,740.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Tom A. Alberg sold 670 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $1,500.00, for a total transaction of $1,005,000.00. Following the completion of the transaction, the director now directly owns 14,159 shares of the company’s stock, valued at $21,238,500. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,214 shares of company stock valued at $9,251,120. Insiders own 17.00% of the company’s stock.

A number of research firms recently issued reports on AMZN. Jefferies Group reiterated a “buy” rating and issued a $1,850.00 target price on shares of Amazon.com in a research note on Tuesday, March 13th. Oppenheimer reiterated a “buy” rating on shares of Amazon.com in a research note on Friday, February 2nd. Macquarie reiterated a “buy” rating on shares of Amazon.com in a research note on Friday, February 2nd. Canaccord Genuity reiterated a “buy” rating and issued a $1,650.00 target price (up from $1,500.00) on shares of Amazon.com in a research note on Friday, February 2nd. Finally, JMP Securities reiterated a “neutral” rating and issued a $1,600.00 target price (up from $1,475.00) on shares of Amazon.com in a research note on Friday, February 2nd. Three equities research analysts have rated the stock with a hold rating, fifty have issued a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $1,504.81.

Shares of AMZN stock opened at $1,441.50 on Tuesday. Amazon.com, Inc. has a 12-month low of $887.50 and a 12-month high of $1,617.54. The stock has a market cap of $692,655.75, a P/E ratio of 316.81, a PEG ratio of 6.28 and a beta of 1.59. The company has a quick ratio of 0.76, a current ratio of 1.04 and a debt-to-equity ratio of 0.89.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 1st. The e-commerce giant reported $2.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.85 by $0.31. Amazon.com had a net margin of 1.71% and a return on equity of 9.23%. The company had revenue of $60.45 billion during the quarter, compared to the consensus estimate of $59.85 billion. During the same period in the previous year, the firm posted $1.54 earnings per share. The company’s revenue was up 38.2% on a year-over-year basis. equities research analysts expect that Amazon.com, Inc. will post 8.49 EPS for the current fiscal year.

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Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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