Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Summit Financial Group Inc.

Summit Financial Group Inc. boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 3.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,445 shares of the e-commerce giant’s stock after purchasing an additional 330 shares during the period. Summit Financial Group Inc.’s holdings in Amazon.com were worth $961,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Iron Horse Wealth Management LLC boosted its position in Amazon.com by 4,540.0% in the 2nd quarter. Iron Horse Wealth Management LLC now owns 232 shares of the e-commerce giant’s stock valued at $25,000 after buying an additional 227 shares during the last quarter. Wells Financial Advisors INC lifted its position in shares of Amazon.com by 1,900.0% during the second quarter. Wells Financial Advisors INC now owns 280 shares of the e-commerce giant’s stock worth $30,000 after purchasing an additional 266 shares during the last quarter. Knott David M Jr bought a new position in shares of Amazon.com during the second quarter worth about $32,000. Laurel Wealth Planning LLC lifted its position in shares of Amazon.com by 1,900.0% during the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 304 shares during the last quarter. Finally, Baron Financial Group LLC lifted its position in shares of Amazon.com by 1,900.0% during the second quarter. Baron Financial Group LLC now owns 360 shares of the e-commerce giant’s stock worth $38,000 after purchasing an additional 342 shares during the last quarter. 57.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Amazon.com

In related news, VP Shelley Reynolds sold 3,500 shares of the business’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total value of $332,185.00. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $11,368,319.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $93.80, for a total value of $375,200.00. Following the sale, the chief executive officer now directly owns 560,298 shares in the company, valued at approximately $52,555,952.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Shelley Reynolds sold 3,500 shares of the company’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total value of $332,185.00. Following the sale, the vice president now owns 119,780 shares in the company, valued at $11,368,319.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 71,394 shares of company stock worth $6,994,626. Company insiders own 12.70% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the topic of several research reports. Wedbush dropped their price objective on shares of Amazon.com from $140.00 to $125.00 and set an “outperform” rating on the stock in a research note on Friday, February 3rd. Wells Fargo & Company lowered their price objective on shares of Amazon.com from $155.00 to $145.00 in a research note on Friday, February 3rd. Rosenblatt Securities raised their target price on shares of Amazon.com from $103.00 to $106.00 and gave the stock a “neutral” rating in a report on Friday, February 3rd. MKM Partners reduced their target price on shares of Amazon.com from $145.00 to $125.00 and set a “buy” rating for the company in a report on Wednesday, January 18th. Finally, Telsey Advisory Group decreased their price objective on shares of Amazon.com from $140.00 to $125.00 and set an “outperform” rating for the company in a research note on Tuesday, January 24th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-one have assigned a buy rating to the stock. According to data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus price target of $144.72.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $98.95 on Friday. The company’s 50-day moving average is $97.01 and its 200 day moving average is $101.53. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.72 and a current ratio of 0.94. The company has a market capitalization of $1.01 trillion, a P/E ratio of -369.20, a price-to-earnings-growth ratio of 3.97 and a beta of 1.25. Amazon.com, Inc. has a fifty-two week low of $81.43 and a fifty-two week high of $170.83.

Amazon.com (NASDAQ:AMZN – Get Rating) last announced its quarterly earnings data on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. The firm had revenue of $149.20 billion during the quarter, compared to the consensus estimate of $145.72 billion. During the same quarter in the prior year, the firm posted $1.39 earnings per share. The company’s revenue was up 8.6% on a year-over-year basis. On average, equities research analysts forecast that Amazon.com, Inc. will post 1.34 earnings per share for the current year.

Amazon.com Company Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.