Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Cambridge Advisors Inc.

Cambridge Advisors Inc. lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 4.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,951 shares of the e-commerce giant’s stock after acquiring an additional 201 shares during the quarter. Cambridge Advisors Inc.’s holdings in Amazon.com were worth $1,086,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Fiera Capital Corp grew its position in Amazon.com by 12.5% during the second quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock valued at $77,515,000 after buying an additional 44,615 shares during the period. Commonwealth Retirement Investments LLC grew its position in Amazon.com by 11.9% during the second quarter. Commonwealth Retirement Investments LLC now owns 4,685 shares of the e-commerce giant’s stock valued at $905,000 after buying an additional 500 shares during the period. Gentry Private Wealth LLC acquired a new stake in Amazon.com during the second quarter valued at $842,000. Valtinson Bruner Financial Planning LLC grew its position in Amazon.com by 23.4% during the second quarter. Valtinson Bruner Financial Planning LLC now owns 5,342 shares of the e-commerce giant’s stock valued at $1,032,000 after buying an additional 1,014 shares during the period. Finally, Patron Partners LLC grew its position in Amazon.com by 5.0% during the second quarter. Patron Partners LLC now owns 29,500 shares of the e-commerce giant’s stock valued at $5,701,000 after buying an additional 1,400 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Trading Down 0.1 %

Shares of AMZN stock opened at $237.42 on Tuesday. 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 stock has a market capitalization of $2.50 trillion, a P/E ratio of 50.84, a price-to-earnings-growth ratio of 1.35 and a beta of 1.15. The company has a 50 day moving average price of $223.83 and a 200 day moving average price of $198.98. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $241.77.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 5,502 shares of Amazon.com stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $205.81, for a total value of $1,132,366.62. Following the completion of the transaction, the chief executive officer now owns 518,911 shares in the company, valued at approximately $106,797,072.91. The trade was a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of Amazon.com stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the completion of the transaction, the insider now owns 917,416,976 shares of the company’s stock, valued at $191,602,535,437.60. This trade represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,027,340 shares of company stock worth $1,252,456,773. Corporate insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Piper Sandler increased their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a report on Friday, November 1st. The Goldman Sachs Group increased their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a report on Friday, November 1st. JMP Securities reaffirmed a “market outperform” rating and set a $285.00 price objective on shares of Amazon.com in a report on Thursday, January 30th. Pivotal Research assumed coverage on shares of Amazon.com in a report on Friday, October 11th. They set a “buy” rating and a $260.00 price objective on the stock. Finally, Moffett Nathanson increased their price objective on shares of Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Two investment analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $251.44.

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.