River Street Advisors LLC Acquires 812 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

River Street Advisors LLC boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,263 shares of the e-commerce giant’s stock after purchasing an additional 812 shares during the quarter. Amazon.com comprises 1.4% of River Street Advisors LLC’s portfolio, making the stock its 19th biggest holding. River Street Advisors LLC’s holdings in Amazon.com were worth $2,690,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Accordant Advisory Group Inc raised its stake in Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after purchasing an additional 100 shares during the period. Icon Wealth Advisors LLC raised its stake in 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 valued at $28,000 after purchasing an additional 25,581 shares during the period. Hoese & Co LLP bought a new stake in Amazon.com during the 3rd quarter valued at approximately $37,000. Bull Oak Capital LLC bought a new stake in Amazon.com during the 3rd quarter valued at approximately $45,000. Finally, Values First Advisors Inc. bought a new stake in Amazon.com during the 3rd quarter valued at approximately $56,000. Institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

AMZN has been the topic of several recent analyst reports. JMP Securities reissued a “market outperform” rating and set a $285.00 target price on shares of Amazon.com in a research note on Friday, February 7th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $270.00 price objective on shares of Amazon.com in a research note on Friday, February 7th. Jefferies Financial Group lifted their price objective on Amazon.com from $235.00 to $275.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Wedbush reaffirmed an “outperform” rating and issued a $280.00 price objective on shares of Amazon.com in a research note on Friday, February 7th. Finally, Scotiabank lifted their price objective on Amazon.com from $246.00 to $306.00 and gave the stock a “sector outperform” rating in a research note on Friday, January 24th. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $260.74.

Amazon.com Price Performance

Shares of AMZN stock opened at $212.71 on Tuesday. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The stock has a market capitalization of $2.25 trillion, a price-to-earnings ratio of 38.46, a P/E/G ratio of 1.54 and a beta of 1.15. The stock has a fifty day simple moving average of $227.48 and a two-hundred day simple moving average of $204.88. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. On average, analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $210.00, for a total value of $735,000.00. Following the completion of the sale, the chief executive officer now directly owns 524,567 shares in the company, valued at approximately $110,159,070. This represents a 0.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction on 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 completion of the transaction, the director now directly owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 40,852 shares of company stock worth $9,324,151. 10.80% of the stock is currently 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.