Amazon.com, Inc. (NASDAQ:AMZN) is Stonegate Investment Group LLC’s 7th Largest Position

Stonegate Investment Group LLC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 11.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 597,098 shares of the e-commerce giant’s stock after acquiring an additional 59,722 shares during the period. Amazon.com makes up 3.5% of Stonegate Investment Group LLC’s portfolio, making the stock its 7th biggest position. Stonegate Investment Group LLC’s holdings in Amazon.com were worth $130,997,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tamar Securities LLC increased its position in Amazon.com by 3.3% during the 4th quarter. Tamar Securities LLC now owns 185,862 shares of the e-commerce giant’s stock worth $40,776,000 after purchasing an additional 5,882 shares in the last quarter. Prospect Financial Services LLC boosted its stake in shares of Amazon.com by 1.6% in the fourth quarter. Prospect Financial Services LLC now owns 29,336 shares of the e-commerce giant’s stock valued at $6,436,000 after purchasing an additional 458 shares during the period. Perigon Wealth Management LLC increased its stake in Amazon.com by 0.4% during the 4th quarter. Perigon Wealth Management LLC now owns 434,008 shares of the e-commerce giant’s stock worth $95,768,000 after buying an additional 1,584 shares during the period. Next Level Private LLC boosted its position in Amazon.com by 0.7% in the 4th quarter. Next Level Private LLC now owns 11,615 shares of the e-commerce giant’s stock valued at $2,548,000 after buying an additional 80 shares during the last quarter. Finally, Proathlete Wealth Management LLC increased its position in shares of Amazon.com by 0.4% during the fourth quarter. Proathlete Wealth Management LLC now owns 12,853 shares of the e-commerce giant’s stock worth $2,820,000 after acquiring an additional 51 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Performance

Amazon.com stock opened at $228.68 on Tuesday. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The firm has a market capitalization of $2.40 trillion, a P/E ratio of 41.35, a P/E/G ratio of 1.36 and a beta of 1.15. The stock has a fifty day moving average price of $228.21 and a two-hundred day moving average price of $202.55. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS 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, analysts anticipate that Amazon.com, Inc. will post 6.24 EPS for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, CEO Matthew S. Garman sold 15,260 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $200.19, for a total value of $3,054,899.40. Following the completion of the sale, the chief executive officer now owns 349,261 shares of the company’s stock, valued at approximately $69,918,559.59. This represents a 4.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the transaction, the director now owns 88,203 shares in the company, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 50,611 shares of company stock valued at $11,122,402. 10.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AMZN. Roth Mkm boosted their target price on shares of Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. The Goldman Sachs Group raised their price target on shares of Amazon.com from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Scotiabank boosted their price target on shares of Amazon.com from $246.00 to $306.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $236.00 price objective on shares of Amazon.com in a research report on Tuesday, December 3rd. 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’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $260.74.

About Amazon.com

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.