Johnson & White Wealth Management LLC Has $1.95 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Johnson & White Wealth Management LLC increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,864 shares of the e-commerce giant’s stock after buying an additional 268 shares during the period. Amazon.com comprises approximately 1.2% of Johnson & White Wealth Management LLC’s portfolio, making the stock its 22nd largest position. Johnson & White Wealth Management LLC’s holdings in Amazon.com were worth $1,952,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Heritage Family Offices LLP bought a new stake in shares of Amazon.com in the 2nd quarter valued at $206,000. Equita Financial Network Inc. boosted its position in Amazon.com by 6.1% during the second quarter. Equita Financial Network Inc. now owns 1,879 shares of the e-commerce giant’s stock valued at $363,000 after acquiring an additional 108 shares during the last quarter. Graypoint LLC raised its position in shares of Amazon.com by 4.0% in the 2nd quarter. Graypoint LLC now owns 83,867 shares of the e-commerce giant’s stock worth $16,207,000 after acquiring an additional 3,247 shares in the last quarter. Confluence Wealth Services Inc. lifted its stake in shares of Amazon.com by 7.5% in the 2nd quarter. Confluence Wealth Services Inc. now owns 26,760 shares of the e-commerce giant’s stock valued at $5,171,000 after purchasing an additional 1,876 shares during the period. Finally, Nicola Wealth Management LTD. boosted its position in shares of Amazon.com by 22.2% during the 2nd quarter. Nicola Wealth Management LTD. now owns 66,000 shares of the e-commerce giant’s stock valued at $12,754,000 after purchasing an additional 12,000 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AMZN. Cantor Fitzgerald reissued an “overweight” rating and issued a $270.00 price target on shares of Amazon.com in a research note on Wednesday. Benchmark boosted their target price on shares of Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Redburn Atlantic raised their price target on shares of Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Morgan Stanley increased their price objective on shares of Amazon.com from $230.00 to $280.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Finally, Maxim Group upped their price target on Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $249.02.

Insider Transactions at Amazon.com

In other news, Director Jonathan Rubinstein sold 4,351 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the transaction, the director now directly owns 88,203 shares in the company, valued at approximately $20,273,459.55. This trade represents a 4.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $210.00, for a total transaction of $735,000.00. Following the transaction, the chief executive officer now directly owns 524,567 shares of the company’s stock, valued at approximately $110,159,070. This represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,032,344 shares of company stock valued at $1,253,456,822 over the last three months. Company insiders own 10.80% of the company’s stock.

Amazon.com Trading Down 0.2 %

Shares of AMZN opened at $234.85 on Friday. The firm has a market cap of $2.47 trillion, a P/E ratio of 50.29, a price-to-earnings-growth ratio of 1.31 and a beta of 1.14. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $236.40. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The business has a 50-day moving average of $220.27 and a 200 day moving average of $197.47.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same period in the prior year, the company posted $0.85 EPS. Amazon.com’s revenue was up 11.0% compared to the same quarter last year. As a group, research analysts forecast that Amazon.com, Inc. will post 5.39 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.