Hickory Asset Management Inc. Takes $1.75 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Hickory Asset Management Inc. acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 7,979 shares of the e-commerce giant’s stock, valued at approximately $1,751,000. Amazon.com accounts for 1.5% of Hickory Asset Management Inc.’s portfolio, making the stock its 21st biggest holding.

Other large investors also recently modified their holdings of the company. Accordant Advisory Group Inc raised its stake in Amazon.com by 400.0% in the fourth 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 in the last quarter. Icon Wealth Advisors LLC raised its stake in Amazon.com by 20.5% in the third 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 in the last quarter. Bull Oak Capital LLC purchased a new stake in Amazon.com in the third quarter valued at approximately $45,000. Quattro Financial Advisors LLC raised its stake in Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after purchasing an additional 45 shares in the last quarter. Finally, Values First Advisors Inc. purchased a new stake in Amazon.com in the third quarter valued at approximately $56,000. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Performance

Shares of AMZN stock opened at $197.95 on Friday. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The stock has a market cap of $2.10 trillion, a PE ratio of 35.80, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19. 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’s fifty day moving average price is $221.65 and its 200-day moving average price is $207.26.

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 net margin of 9.29% and a return on equity of 24.25%. On average, equities analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of recent analyst reports. Loop Capital raised their target price on shares of Amazon.com from $275.00 to $285.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Stifel Nicolaus raised their target price on shares of Amazon.com from $245.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, February 7th. TD Cowen lifted their price target on shares of Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Redburn Atlantic lifted their price target on shares of Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, Scotiabank lifted 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 note on Friday, January 24th. Two research 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 stock. Based on data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average target price of $260.65.

Insider Activity

In other news, VP Shelley Reynolds sold 8,833 shares of Amazon.com 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 completion of the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $26,647,456.60. The trade was a 6.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com 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 completion of the transaction, the chief executive officer now directly owns 497,067 shares of the company’s stock, valued at approximately $114,459,618.09. This represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 102,298 shares of company stock worth $22,871,828. Corporate 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.