Nilsine Partners LLC Raises Position in Amazon.com, Inc. (NASDAQ:AMZN)

Nilsine Partners LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 12.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 93,301 shares of the e-commerce giant’s stock after purchasing an additional 10,201 shares during the period. Amazon.com comprises 2.2% of Nilsine Partners LLC’s portfolio, making the stock its 6th largest holding. Nilsine Partners LLC’s holdings in Amazon.com were worth $20,469,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AMZN. Icon Wealth Advisors LLC raised its position in Amazon.com by 20.5% in the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after acquiring an additional 25,581 shares during the period. Hoese & Co LLP bought a new position in Amazon.com in the third quarter worth approximately $37,000. Bull Oak Capital LLC bought a new position in Amazon.com in the third quarter worth approximately $45,000. Values First Advisors Inc. bought a new position in Amazon.com in the third quarter worth approximately $56,000. Finally, Harbor Investment Advisory LLC raised its position in Amazon.com by 1.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 301,946 shares of the e-commerce giant’s stock worth $66,000 after acquiring an additional 3,055 shares during the period. Institutional investors own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In related news, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com 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 in the company, valued at $20,273,459.55. This trade represents a 4.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com 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 sale, the director now owns 24,912 shares of the company’s stock, valued at $4,958,982.72. The trade was a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 51,848 shares of company stock worth $11,368,639 in the last 90 days. 10.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on AMZN. Morgan Stanley increased their price target on shares of Amazon.com from $230.00 to $280.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Loop Capital increased their price target on shares of Amazon.com from $275.00 to $285.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Rosenblatt Securities increased their price target on shares of Amazon.com from $236.00 to $287.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. DA Davidson raised their price objective on shares of Amazon.com from $235.00 to $280.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Finally, Monness Crespi & Hardt raised their price objective on shares of Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and a consensus target price of $260.74.

Amazon.com Price Performance

Amazon.com stock opened at $228.68 on Monday. The firm has a 50-day moving average price of $228.21 and a 200-day moving average price of $202.44. The firm has a market capitalization of $2.42 trillion, a PE ratio of 41.35, a price-to-earnings-growth ratio of 1.36 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. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping 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 research analysts forecast that Amazon.com, Inc. will post 6.24 EPS for the current year.

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.