Penn Davis Mcfarland Inc. Boosts Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Penn Davis Mcfarland Inc. increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 28.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,245 shares of the e-commerce giant’s stock after buying an additional 2,735 shares during the quarter. Penn Davis Mcfarland Inc.’s holdings in Amazon.com were worth $2,686,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Hoese & Co LLP acquired a new position in shares of Amazon.com in the 3rd quarter valued at $37,000. Bull Oak Capital LLC acquired a new stake in Amazon.com during the 3rd quarter worth $45,000. Values First Advisors Inc. purchased a new position in Amazon.com during the 3rd quarter worth $56,000. IFS Advisors LLC increased its stake in Amazon.com by 1,625.0% in the fourth quarter. IFS Advisors LLC now owns 345 shares of the e-commerce giant’s stock valued at $76,000 after purchasing an additional 325 shares during the period. Finally, West Financial Advisors LLC purchased a new stake in shares of Amazon.com in the fourth quarter valued at about $88,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Trading Up 2.0 %

Shares of AMZN stock opened at $242.06 on Wednesday. The company has a market capitalization of $2.55 trillion, a price-to-earnings ratio of 51.83, a PEG ratio of 1.35 and a beta of 1.15. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The firm has a 50-day moving average price of $224.55 and a 200 day moving average price of $199.36. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52.

Insider Transactions at Amazon.com

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction 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 owns 88,203 shares of the company’s stock, valued at $20,273,459.55. This trade represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,027,340 shares of company stock worth $1,252,456,773 over the last ninety days. 10.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of research reports. Redburn Atlantic raised their price target on Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Bank of America lifted their target price on Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Wolfe Research boosted their target price on Amazon.com from $250.00 to $270.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Robert W. Baird increased their price target on Amazon.com from $220.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Finally, DA Davidson reiterated a “buy” rating and issued a $235.00 price objective on shares of Amazon.com in a research report on Thursday, October 10th. Two investment analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $252.56.

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.