Leonard Rickey Investment Advisors P.L.L.C. Has $4.61 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Leonard Rickey Investment Advisors P.L.L.C. increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,014 shares of the e-commerce giant’s stock after purchasing an additional 223 shares during the period. Amazon.com makes up about 1.1% of Leonard Rickey Investment Advisors P.L.L.C.’s portfolio, making the stock its 18th biggest holding. Leonard Rickey Investment Advisors P.L.L.C.’s holdings in Amazon.com were worth $4,610,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AMZN. Fiera Capital Corp raised its holdings in Amazon.com by 12.5% in the 2nd quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock valued at $77,515,000 after acquiring an additional 44,615 shares in the last quarter. Triasima Portfolio Management inc. lifted its stake in Amazon.com by 28.6% during the second quarter. Triasima Portfolio Management inc. now owns 20,290 shares of the e-commerce giant’s stock worth $3,921,000 after purchasing an additional 4,514 shares during the last quarter. Wilkinson Global Asset Management LLC boosted its holdings in shares of Amazon.com by 1.4% in the 2nd quarter. Wilkinson Global Asset Management LLC now owns 262,983 shares of the e-commerce giant’s stock valued at $50,821,000 after purchasing an additional 3,660 shares in the last quarter. Ausdal Financial Partners Inc. lifted its position in shares of Amazon.com by 1.9% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 30,616 shares of the e-commerce giant’s stock worth $5,917,000 after buying an additional 579 shares during the last quarter. Finally, Waddell & Associates LLC raised its stake in Amazon.com by 16.3% during the second quarter. Waddell & Associates LLC now owns 4,587 shares of the e-commerce giant’s stock worth $886,000 after acquiring an additional 644 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Down 2.4 %

Shares of NASDAQ:AMZN opened at $236.17 on Thursday. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The business has a fifty day moving average price of $225.24 and a two-hundred day moving average price of $199.78. The company has a market capitalization of $2.48 trillion, a PE ratio of 50.57, a price-to-earnings-growth ratio of 1.35 and a beta of 1.15. 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 equities research analysts recently issued reports on AMZN shares. The Goldman Sachs Group lifted their price target 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. Stifel Nicolaus raised their price objective on Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a report on Friday, November 1st. Jefferies Financial Group lifted their price target on Amazon.com from $235.00 to $275.00 and gave the company a “buy” rating in a research note on Monday, December 16th. UBS Group raised their price objective on shares of Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a report on Monday, December 16th. Finally, Oppenheimer raised their price objective on Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Two 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $252.56.

Insider Activity at Amazon.com

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the business’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 completion of the transaction, the director now owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of Amazon.com stock in a transaction on Monday, November 11th. The shares were sold at an average price of $206.75, for a total value of $619,497,843.50. Following the sale, the insider now directly owns 914,420,614 shares of the company’s stock, valued at $189,056,461,944.50. This represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,022,574 shares of company stock worth $1,251,456,628. Insiders own 10.80% of the company’s stock.

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.