Mayflower Financial Advisors LLC Grows Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Mayflower Financial Advisors LLC grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,045 shares of the e-commerce giant’s stock after buying an additional 1,509 shares during the period. Amazon.com accounts for 1.1% of Mayflower Financial Advisors LLC’s investment portfolio, making the stock its 17th largest position. Mayflower Financial Advisors LLC’s holdings in Amazon.com were worth $7,250,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC grew its stake in Amazon.com by 20,897.2% in the 3rd quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant’s stock valued at $72,921,080,000 after buying an additional 38,949,065 shares in the last quarter. Parnassus Investments LLC grew its position in shares of Amazon.com by 82,457.3% in the third quarter. Parnassus Investments LLC now owns 11,405,294 shares of the e-commerce giant’s stock valued at $2,125,148,000 after purchasing an additional 11,391,479 shares in the last quarter. State Street Corp raised its stake in shares of Amazon.com by 3.3% during the 3rd quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock valued at $66,926,008,000 after purchasing an additional 11,370,309 shares during the period. Geode Capital Management LLC lifted its holdings in Amazon.com by 3.4% during the 3rd quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant’s stock worth $37,116,341,000 after purchasing an additional 6,545,944 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in Amazon.com in the 3rd quarter worth about $492,144,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Down 1.0 %

AMZN opened at $226.45 on Wednesday. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The business has a 50 day simple moving average of $228.26 and a two-hundred day simple moving average of $202.87. The firm has a market capitalization of $2.38 trillion, a price-to-earnings ratio of 40.95, a PEG ratio of 1.36 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating 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%. Analysts predict that Amazon.com, Inc. will post 6.24 EPS for the current year.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several analyst reports. The Goldman Sachs Group upped their price target on Amazon.com from $240.00 to $255.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Bank of America increased their target price on shares of Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Loop Capital boosted their price target on shares of Amazon.com from $275.00 to $285.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Oppenheimer increased their price objective on Amazon.com from $230.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Finally, Mizuho boosted their target price on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $260.74.

Insider Transactions at Amazon.com

In other 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 value of $3,054,899.40. Following the completion of the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the sale, the chief executive officer now owns 497,067 shares in the company, valued at $114,459,618.09. This represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,611 shares of company stock valued at $11,122,402. Company 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.