Annex Advisory Services LLC Buys 35,686 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Annex Advisory Services LLC raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 16.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 249,161 shares of the e-commerce giant’s stock after purchasing an additional 35,686 shares during the quarter. Amazon.com accounts for about 1.6% of Annex Advisory Services LLC’s investment portfolio, making the stock its 14th biggest position. Annex Advisory Services LLC’s holdings in Amazon.com were worth $54,663,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Client 1ST Advisory Group LLC bought a new position in shares of Amazon.com during the 4th quarter worth about $1,674,000. Cascade Investment Group Inc. boosted its position in shares of Amazon.com by 19.2% during the 4th quarter. Cascade Investment Group Inc. now owns 16,194 shares of the e-commerce giant’s stock valued at $3,553,000 after acquiring an additional 2,605 shares in the last quarter. Brady Martz Wealth Solutions LLC acquired a new stake in shares of Amazon.com during the 4th quarter valued at about $1,958,000. Cambridge Advisors Inc. boosted its position in shares of Amazon.com by 4.2% during the 4th quarter. Cambridge Advisors Inc. now owns 4,951 shares of the e-commerce giant’s stock valued at $1,086,000 after acquiring an additional 201 shares in the last quarter. Finally, Bernardo Wealth Planning LLC boosted its position in shares of Amazon.com by 2.1% during the 4th quarter. Bernardo Wealth Planning LLC now owns 17,238 shares of the e-commerce giant’s stock valued at $3,774,000 after acquiring an additional 355 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN stock opened at $237.42 on Tuesday. The stock has a market cap of $2.50 trillion, a P/E ratio of 50.84, a P/E/G ratio of 1.35 and a beta of 1.15. The company has a fifty day moving average price of $223.83 and a two-hundred day moving average price of $198.98. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $241.77. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AMZN. Needham & Company LLC reiterated a “buy” rating and set a $250.00 target price on shares of Amazon.com in a research report on Tuesday, January 21st. Wedbush reiterated an “outperform” rating and set a $280.00 target price (up from $260.00) on shares of Amazon.com in a research report on Monday, January 27th. Scotiabank boosted their price target on shares of Amazon.com from $246.00 to $306.00 and gave the company a “sector outperform” rating in a research report on Friday, January 24th. Raymond James boosted their price target on shares of Amazon.com from $230.00 to $260.00 and gave the company a “strong-buy” rating in a research report on Tuesday, January 21st. Finally, Royal Bank of Canada boosted their price target on shares of Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $251.44.

Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $210.00, for a total value of $735,000.00. Following the completion of the sale, the chief executive officer now owns 524,567 shares in the company, valued at $110,159,070. This represents a 0.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the sale, the director now owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,027,340 shares of company stock valued at $1,252,456,773. 10.80% of the stock is owned by company insiders.

Amazon.com Company 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.