Weaver Capital Management LLC Purchases 1,176 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Weaver Capital Management LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 6.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,904 shares of the e-commerce giant’s stock after buying an additional 1,176 shares during the quarter. Amazon.com accounts for 1.3% of Weaver Capital Management LLC’s investment portfolio, making the stock its 16th largest holding. Weaver Capital Management LLC’s holdings in Amazon.com were worth $4,586,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Spirit of America Management Corp NY grew its holdings in Amazon.com by 1.5% during the fourth quarter. Spirit of America Management Corp NY now owns 30,200 shares of the e-commerce giant’s stock worth $6,626,000 after buying an additional 450 shares in the last quarter. Hager Investment Management Services LLC bought a new position in shares of Amazon.com during the 4th quarter worth $4,129,000. Alexander Labrunerie & CO. Inc. grew its stake in shares of Amazon.com by 0.4% during the 4th quarter. Alexander Labrunerie & CO. Inc. now owns 32,244 shares of the e-commerce giant’s stock worth $7,074,000 after acquiring an additional 131 shares during the period. Silverlake Wealth Management LLC lifted its holdings in Amazon.com by 7.2% during the 4th quarter. Silverlake Wealth Management LLC now owns 8,012 shares of the e-commerce giant’s stock worth $1,758,000 after purchasing an additional 535 shares in the last quarter. Finally, Sargent Investment Group LLC lifted its holdings in Amazon.com by 17.7% during the 4th quarter. Sargent Investment Group LLC now owns 61,851 shares of the e-commerce giant’s stock worth $13,512,000 after purchasing an additional 9,312 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AMZN. Telsey Advisory Group reiterated an “outperform” rating and set a $275.00 price target on shares of Amazon.com in a research report on Friday, February 7th. Evercore ISI upped their price target on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. JMP Securities reissued a “market outperform” rating and issued a $285.00 target price on shares of Amazon.com in a report on Friday, February 7th. Wedbush reissued an “outperform” rating and issued a $280.00 target price on shares of Amazon.com in a report on Friday, February 7th. Finally, DA Davidson upped their price target on Amazon.com from $235.00 to $280.00 and gave the company a “buy” rating in a report on Friday, February 7th. Two investment 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $260.65.

Amazon.com Trading Up 1.7 %

Shares of NASDAQ AMZN opened at $212.32 on Friday. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The company has a market cap of $2.25 trillion, a PE ratio of 38.39, a P/E/G ratio of 1.50 and a beta of 1.15. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The company has a 50-day moving average of $226.44 and a two-hundred day moving average of $205.61.

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

Insider Activity

In other Amazon.com news, SVP David Zapolsky sold 19,212 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the sale, the senior vice president now directly owns 49,950 shares of the company’s stock, valued at approximately $10,864,125. This represents a 27.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 transaction of $735,000.00. Following the sale, the chief executive officer now directly owns 524,567 shares in the company, valued at $110,159,070. This trade represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 110,149 shares of company stock worth $24,606,905 over the last quarter. 10.80% of the stock is currently owned by company insiders.

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.