Family Legacy Inc. acquired a new stake in shares of Amazon.com (NASDAQ:AMZN) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 521 shares of the e-commerce giant’s stock, valued at approximately $609,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMZN. Kovack Advisors Inc. acquired a new position in Amazon.com during the 4th quarter worth about $9,772,000. Peregrine Asset Advisers Inc. lifted its holdings in Amazon.com by 124.4% during the 4th quarter. Peregrine Asset Advisers Inc. now owns 6,639 shares of the e-commerce giant’s stock worth $7,764,000 after buying an additional 3,680 shares during the period. Picton Mahoney Asset Management lifted its stake in shares of Amazon.com by 3.3% in the 4th quarter. Picton Mahoney Asset Management now owns 29,645 shares of the e-commerce giant’s stock valued at $34,668,000 after purchasing an additional 935 shares during the period. Arlington Financial Advisors LLC acquired a new position in shares of Amazon.com in the 4th quarter valued at about $4,000,000. Finally, Autus Asset Management LLC lifted its stake in shares of Amazon.com by 5.8% in the 4th quarter. Autus Asset Management LLC now owns 2,735 shares of the e-commerce giant’s stock valued at $3,199,000 after purchasing an additional 149 shares during the period. 60.24% of the stock is currently owned by institutional investors.

AMZN has been the topic of a number of recent analyst reports. JPMorgan Chase reissued a “buy” rating and issued a $1,385.00 price objective (up from $1,375.00) on shares of Amazon.com in a research note on Wednesday, January 10th. Wolfe Research raised Amazon.com from a “peer perform” rating to an “outperform” rating in a research note on Friday, February 23rd. UBS boosted their price objective on Amazon.com to $1,760.00 and gave the company a “buy” rating in a research note on Friday, March 9th. They noted that the move was a valuation call. BMO Capital Markets boosted their price objective on Amazon.com to $1,600.00 and gave the company an “outperform” rating in a research note on Tuesday, January 16th. Finally, Barclays reissued an “overweight” rating and issued a $1,580.00 price objective on shares of Amazon.com in a research note on Friday, February 2nd. Two investment analysts have rated the stock with a hold rating, fifty-one have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $1,602.51.

Shares of AMZN opened at $1,572.62 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.04 and a quick ratio of 0.76. The company has a market cap of $708,138.31, a price-to-earnings ratio of 345.63, a P/E/G ratio of 6.30 and a beta of 1.59. Amazon.com has a 52 week low of $924.33 and a 52 week high of $1,638.10.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, April 26th. The e-commerce giant reported $3.27 EPS for the quarter, topping analysts’ consensus estimates of $1.80 by $1.47. The firm had revenue of $51.04 billion during the quarter, compared to analyst estimates of $49.94 billion. Amazon.com had a return on equity of 9.23% and a net margin of 1.71%. The company’s revenue for the quarter was up 42.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.48 EPS. analysts expect that Amazon.com will post 8.65 EPS for the current year.

In other Amazon.com news, CEO Jeffrey A. Wilke sold 250 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $1,518.47, for a total transaction of $379,617.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey A. Wilke sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, March 21st. The stock was sold at an average price of $1,577.85, for a total value of $788,925.00. Following the sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $15,778,500. The disclosure for this sale can be found here. Insiders have sold a total of 6,214 shares of company stock valued at $9,251,120 over the last three months. Corporate insiders own 17.70% of the company’s stock.

About Amazon.com

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.

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com (NASDAQ:AMZN).

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

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.