Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Duncan Williams Asset Management LLC

Duncan Williams Asset Management LLC boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 65.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,746 shares of the e-commerce giant’s stock after acquiring an additional 8,623 shares during the quarter. Amazon.com accounts for approximately 1.9% of Duncan Williams Asset Management LLC’s investment portfolio, making the stock its 12th biggest position. Duncan Williams Asset Management LLC’s holdings in Amazon.com were worth $4,771,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Smith Chas P & Associates PA Cpas boosted its holdings in Amazon.com by 1.5% during the 4th quarter. Smith Chas P & Associates PA Cpas now owns 25,175 shares of the e-commerce giant’s stock valued at $5,523,000 after acquiring an additional 382 shares during the period. Affiance Financial LLC boosted its holdings in Amazon.com by 9.0% during the 4th quarter. Affiance Financial LLC now owns 11,628 shares of the e-commerce giant’s stock valued at $2,551,000 after acquiring an additional 965 shares during the period. Moody Lynn & Lieberson LLC boosted its holdings in Amazon.com by 13.6% during the 4th quarter. Moody Lynn & Lieberson LLC now owns 238,796 shares of the e-commerce giant’s stock valued at $52,389,000 after acquiring an additional 28,550 shares during the period. Patton Albertson Miller Group LLC boosted its holdings in Amazon.com by 2.7% during the 4th quarter. Patton Albertson Miller Group LLC now owns 18,790 shares of the e-commerce giant’s stock valued at $4,122,000 after acquiring an additional 495 shares during the period. Finally, Jacksonville Wealth Management LLC purchased a new position in Amazon.com during the 4th quarter valued at about $2,405,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Up 0.6 %

Amazon.com stock opened at $230.37 on Friday. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The stock has a 50 day moving average of $227.98 and a two-hundred day moving average of $201.78. 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 stock has a market capitalization of $2.42 trillion, a price-to-earnings ratio of 41.66, a PEG ratio of 1.36 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 25.49% and a net margin of 9.29%. As a group, research analysts expect that Amazon.com, Inc. will post 6.24 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of research analyst reports. Redburn Atlantic raised their target price on Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Morgan Stanley raised their target price on Amazon.com from $230.00 to $280.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Loop Capital lifted their price objective on Amazon.com from $275.00 to $285.00 and gave the company a “buy” rating in a research note on Wednesday. Raymond James lifted their price objective on Amazon.com from $260.00 to $275.00 in a research note on Monday. Finally, The Goldman Sachs Group lifted their price objective on Amazon.com from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and a consensus price target of $260.74.

Insiders Place Their Bets

In other Amazon.com news, CEO Matthew S. Garman sold 15,260 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the completion of the sale, the chief executive officer now directly owns 349,261 shares of the company’s stock, valued at approximately $69,918,559.59. This trade represents a 4.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the sale, the director now directly owns 24,912 shares of the company’s stock, valued at $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,348 shares of company stock valued at $5,036,214. 10.80% of the stock is owned by company insiders.

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.