Amazon.com, Inc. (NASDAQ:AMZN) Stake Lifted by Douglass Winthrop Advisors LLC

Douglass Winthrop Advisors LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,051,852 shares of the e-commerce giant’s stock after acquiring an additional 22,620 shares during the period. Amazon.com makes up 3.7% of Douglass Winthrop Advisors LLC’s investment portfolio, making the stock its 4th largest position. Douglass Winthrop Advisors LLC’s holdings in Amazon.com were worth $195,992,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Icon Wealth Advisors LLC increased its position in Amazon.com by 20.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after purchasing an additional 25,581 shares in the last quarter. PayPay Securities Corp increased its position in shares of Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after acquiring an additional 64 shares in the last quarter. Hoese & Co LLP purchased a new position in shares of Amazon.com in the 3rd quarter valued at $37,000. Bull Oak Capital LLC purchased a new position in shares of Amazon.com in the 3rd quarter valued at $45,000. Finally, Values First Advisors Inc. purchased a new stake in Amazon.com during the 3rd quarter worth $56,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. BMO Capital Markets reissued an “outperform” rating and issued a $236.00 price objective on shares of Amazon.com in a research report on Tuesday, December 3rd. The Goldman Sachs Group boosted their price target on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Wolfe Research upped their price target on Amazon.com from $250.00 to $270.00 and gave the stock an “outperform” rating in a report on Friday. Tigress Financial boosted their target price on shares of Amazon.com from $245.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. Finally, Susquehanna upped their target price on shares of Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and an average price target of $243.44.

Insider Activity

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $210.00, for a total transaction of $735,000.00. Following the completion of the transaction, the chief executive officer now directly owns 524,567 shares of the company’s stock, valued at approximately $110,159,070. This trade represents a 0.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jonathan Rubinstein sold 5,004 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $199.85, for a total value of $1,000,049.40. Following the completion of the sale, the director now directly owns 99,396 shares in the company, valued at $19,864,290.60. This represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,032,344 shares of company stock valued at $1,253,456,822. Company insiders own 10.80% of the company’s stock.

Amazon.com Stock Up 1.8 %

AMZN stock opened at $224.19 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The firm’s 50-day simple moving average is $213.07 and its 200 day simple moving average is $194.05. The stock has a market cap of $2.36 trillion, a PE ratio of 48.01, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. Amazon.com, Inc. has a fifty-two week low of $144.05 and a fifty-two week high of $233.00.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.85 EPS. As a group, sell-side analysts predict that Amazon.com, Inc. will post 5.29 EPS for the current year.

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.