Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Family Capital Management Inc.

Family Capital Management Inc. grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,389 shares of the e-commerce giant’s stock after acquiring an additional 184 shares during the period. Amazon.com comprises about 7.9% of Family Capital Management Inc.’s portfolio, making the stock its 5th largest holding. Family Capital Management Inc.’s holdings in Amazon.com were worth $13,029,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. AMF Tjanstepension AB lifted its position in shares of Amazon.com by 44.3% in the third quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant’s stock valued at $492,172,000 after buying an additional 811,425 shares during the last quarter. Kathleen S. Wright Associates Inc. raised its stake in Amazon.com by 0.5% in the 3rd quarter. Kathleen S. Wright Associates Inc. now owns 13,675 shares of the e-commerce giant’s stock valued at $2,551,000 after acquiring an additional 70 shares during the period. Harrington Investments INC lifted its holdings in Amazon.com by 0.4% during the 3rd quarter. Harrington Investments INC now owns 28,027 shares of the e-commerce giant’s stock valued at $5,222,000 after purchasing an additional 125 shares during the last quarter. CX Institutional boosted its position in Amazon.com by 4.1% during the third quarter. CX Institutional now owns 99,959 shares of the e-commerce giant’s stock worth $18,625,000 after purchasing an additional 3,903 shares during the period. Finally, Wesbanco Bank Inc. boosted its position in Amazon.com by 3.1% during the third quarter. Wesbanco Bank Inc. now owns 368,553 shares of the e-commerce giant’s stock worth $68,672,000 after purchasing an additional 11,112 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Performance

NASDAQ AMZN opened at $198.89 on Thursday. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The stock has a market cap of $2.11 trillion, a PE ratio of 35.97, a PEG ratio of 1.50 and a beta of 1.19. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The firm’s fifty day moving average price is $222.71 and its two-hundred day moving average price is $207.20.

Amazon.com (NASDAQ:AMZN) last announced its quarterly 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 24.25% and a net margin of 9.29%. On average, equities analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Maxim Group increased their price objective on shares of Amazon.com from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Piper Sandler reissued an “overweight” rating and issued a $265.00 price target (up from $225.00) on shares of Amazon.com in a report on Friday, February 7th. DA Davidson boosted their price objective on Amazon.com from $235.00 to $280.00 and gave the stock a “buy” rating in a report on Friday, February 7th. UBS Group upped their target price on Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Finally, The Goldman Sachs Group lifted their price target on Amazon.com from $240.00 to $255.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $260.65.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 27,500 shares of the company’s stock in a transaction dated Wednesday, February 12th. The stock was 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 approximately $114,459,618.09. The trade was a 5.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Shelley Reynolds sold 8,833 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $26,647,456.60. This trade represents a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 102,298 shares of company stock worth $22,871,828 over the last three months. Company insiders own 10.80% of the company’s stock.

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.