Accordant Advisory Group Inc Buys Shares of 1,294 Amazon.com, Inc. (NASDAQ:AMZN)

Accordant Advisory Group Inc purchased a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,294 shares of the e-commerce giant’s stock, valued at approximately $233,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Cooksen Wealth LLC acquired a new position in Amazon.com in the fourth quarter valued at $30,000. PayPay Securities Corp lifted its stake in shares of Amazon.com by 54.3% in the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after purchasing an additional 94 shares during the period. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of Amazon.com by 45.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 86 shares in the last quarter. Strid Group LLC acquired a new stake in Amazon.com during the fourth quarter worth approximately $43,000. Finally, Harbor Investment Advisory LLC increased its holdings in Amazon.com by 0.7% in the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock worth $46,000 after purchasing an additional 1,988 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Performance

NASDAQ:AMZN traded up $5.95 during trading hours on Friday, reaching $179.62. The stock had a trading volume of 43,846,973 shares, compared to its average volume of 36,227,088. The stock has a market cap of $1.87 trillion, a P/E ratio of 61.94, a price-to-earnings-growth ratio of 1.50 and a beta of 1.16. The stock has a 50 day simple moving average of $177.99 and a 200 day simple moving average of $158.59. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. Amazon.com, Inc. has a 12-month low of $101.15 and a 12-month high of $189.77.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The company had revenue of $169.96 billion during the quarter, compared to analyst estimates of $165.96 billion. During the same quarter last year, the firm posted $0.21 EPS. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. On average, research analysts forecast that Amazon.com, Inc. will post 4.11 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total value of $92,000.00. Following the sale, the chief executive officer now owns 131,600 shares of the company’s stock, valued at $24,214,400. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $184.00, for a total value of $92,000.00. Following the completion of the transaction, the chief executive officer now directly owns 131,600 shares of the company’s stock, valued at $24,214,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total value of $523,807.00. Following the sale, the vice president now owns 119,780 shares in the company, valued at $20,239,226.60. The disclosure for this sale can be found here. Insiders sold 32,214,010 shares of company stock worth $5,505,889,146 over the last quarter. Corporate insiders own 10.30% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of research reports. BMO Capital Markets boosted their target price on shares of Amazon.com from $205.00 to $215.00 and gave the company an “outperform” rating in a research report on Tuesday. Wolfe Research upped their price objective on shares of Amazon.com from $195.00 to $205.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Citigroup increased their price objective on shares of Amazon.com from $215.00 to $235.00 and gave the stock a “buy” rating in a research report on Wednesday. The Goldman Sachs Group boosted their target price on Amazon.com from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Finally, Bank of America increased their price target on Amazon.com from $185.00 to $204.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of “Buy” and a consensus target price of $205.13.

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.