Armbruster Capital Management Inc. Purchases New Position in Amazon.com, Inc. (NASDAQ:AMZN)

Armbruster Capital Management Inc. purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,020 shares of the e-commerce giant’s stock, valued at approximately $224,000.

Several other large investors have also added to or reduced their stakes in AMZN. Icon Wealth Advisors LLC lifted its position in shares of Amazon.com by 20.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after buying an additional 25,581 shares in the last quarter. Hoese & Co LLP bought a new position in shares of Amazon.com during the 3rd quarter worth approximately $37,000. Bull Oak Capital LLC bought a new position in shares of Amazon.com during the 3rd quarter worth approximately $45,000. Values First Advisors Inc. bought a new position in shares of Amazon.com during the 3rd quarter worth approximately $56,000. Finally, Harbor Investment Advisory LLC lifted its position in shares of Amazon.com by 1.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 301,946 shares of the e-commerce giant’s stock worth $66,000 after buying an additional 3,055 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Activity

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the transaction, the director now owns 24,912 shares in the company, valued at $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Matthew S. Garman sold 15,260 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the transaction, the chief executive officer now owns 349,261 shares in the company, valued at $69,918,559.59. This represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 51,848 shares of company stock valued at $11,368,639. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $228.68 on Friday. The company has a market cap of $2.40 trillion, a price-to-earnings ratio of 41.35, a price-to-earnings-growth ratio of 1.36 and a beta of 1.15. The company has a 50-day moving average price of $228.18 and a 200-day moving average price of $201.98. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 25.49%. As a group, equities analysts anticipate that Amazon.com, Inc. will post 6.24 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Canaccord Genuity Group lifted their price target on shares of Amazon.com from $265.00 to $280.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Morgan Stanley lifted their price target on shares of Amazon.com from $230.00 to $280.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Needham & Company LLC reaffirmed a “buy” rating and issued a $250.00 price target on shares of Amazon.com in a report on Friday, February 7th. Robert W. Baird lifted their price target on shares of Amazon.com from $220.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Finally, Susquehanna lifted their price target on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $260.74.

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.