Hennion & Walsh Asset Management Inc. Acquires 10,222 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Hennion & Walsh Asset Management Inc. increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 14.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 78,781 shares of the e-commerce giant’s stock after purchasing an additional 10,222 shares during the period. Amazon.com accounts for 0.8% of Hennion & Walsh Asset Management Inc.’s holdings, making the stock its 17th biggest holding. Hennion & Walsh Asset Management Inc.’s holdings in Amazon.com were worth $17,284,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Rench Wealth Management Inc. grew its holdings in shares of Amazon.com by 7.9% during the third quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant’s stock valued at $9,392,000 after buying an additional 3,703 shares during the last quarter. Foundations Investment Advisors LLC lifted its position in Amazon.com by 9.7% during the 3rd quarter. Foundations Investment Advisors LLC now owns 184,594 shares of the e-commerce giant’s stock worth $34,395,000 after acquiring an additional 16,392 shares during the period. Blankinship & Foster LLC grew its stake in Amazon.com by 216.4% during the 3rd quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant’s stock valued at $1,291,000 after purchasing an additional 4,740 shares during the last quarter. Umpqua Bank increased its holdings in shares of Amazon.com by 0.4% in the third quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant’s stock valued at $6,544,000 after purchasing an additional 137 shares during the period. Finally, Floyd Financial Group LLC purchased a new position in shares of Amazon.com in the fourth quarter worth about $4,494,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on AMZN shares. Needham & Company LLC reiterated a “buy” rating and issued a $250.00 target price on shares of Amazon.com in a research report on Tuesday, January 21st. Wedbush reaffirmed an “outperform” rating and issued a $280.00 price objective (up from $260.00) on shares of Amazon.com in a report on Monday. Stifel Nicolaus raised their target price on shares of Amazon.com from $224.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, November 1st. TD Cowen upped their price target on shares of Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Finally, Maxim Group lifted their price objective on Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $249.46.

Insiders Place Their Bets

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the sale, the director now owns 24,912 shares in the company, valued at approximately $4,958,982.72. This trade represents a 4.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas J. Herrington sold 5,502 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $205.81, for a total value of $1,132,366.62. Following the transaction, the chief executive officer now owns 518,911 shares in the company, valued at $106,797,072.91. This trade represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,032,344 shares of company stock valued at $1,253,456,822 over the last 90 days. 10.80% of the stock is owned by company insiders.

Amazon.com Stock Up 1.2 %

Shares of NASDAQ AMZN opened at $238.15 on Wednesday. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $241.77. The company has a market capitalization of $2.50 trillion, a P/E ratio of 51.00, a P/E/G ratio of 1.31 and a beta of 1.14. The company has a 50 day simple moving average of $220.95 and a 200-day simple moving average of $197.72. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last posted its 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. The company had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.85 earnings per share. On average, equities research analysts predict that Amazon.com, Inc. will post 5.39 earnings per share for the current year.

Amazon.com Profile

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.