Amazon.com, Inc. (NASDAQ:AMZN) Position Increased by Copperleaf Capital LLC

Copperleaf Capital LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 13.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,632 shares of the e-commerce giant’s stock after purchasing an additional 2,091 shares during the quarter. Amazon.com accounts for approximately 2.5% of Copperleaf Capital LLC’s portfolio, making the stock its 10th largest position. Copperleaf Capital LLC’s holdings in Amazon.com were worth $3,868,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMZN. AMF Tjanstepension AB raised its position in 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 purchasing an additional 811,425 shares during the period. Swedbank AB increased its position in shares of Amazon.com by 1.4% during the third quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant’s stock worth $2,484,864,000 after acquiring an additional 183,610 shares during the period. LaFleur & Godfrey LLC increased its position in shares of Amazon.com by 38.8% during the third quarter. LaFleur & Godfrey LLC now owns 48,547 shares of the e-commerce giant’s stock worth $9,046,000 after acquiring an additional 13,560 shares during the period. Indiana Trust & Investment Management Co increased its position in shares of Amazon.com by 15.2% during the third quarter. Indiana Trust & Investment Management Co now owns 42,401 shares of the e-commerce giant’s stock worth $7,901,000 after acquiring an additional 5,600 shares during the period. Finally, Amplius Wealth Advisors LLC increased its position in shares of Amazon.com by 0.9% during the third quarter. Amplius Wealth Advisors LLC now owns 14,550 shares of the e-commerce giant’s stock worth $2,711,000 after acquiring an additional 132 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

AMZN stock opened at $197.95 on Friday. The firm has a 50 day moving average of $221.65 and a 200-day moving average of $207.50. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. 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 market cap of $2.10 trillion, a price-to-earnings ratio of 35.80, a PEG ratio of 1.50 and a beta of 1.19.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (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%. As a group, equities analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity

In related news, CEO Douglas J. Herrington sold 5,501 shares of Amazon.com stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the completion of the transaction, the chief executive officer now directly owns 505,318 shares in the company, valued at $115,434,843.92. The trade was a 1.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Shelley Reynolds sold 8,833 shares of Amazon.com stock in a transaction that occurred on 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 represents a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 102,298 shares of company stock worth $22,871,828. Company insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of recent research reports. JMP Securities reaffirmed a “market outperform” rating and set a $285.00 price objective on shares of Amazon.com in a research report on Friday, February 7th. Wolfe Research increased their target price on Amazon.com from $250.00 to $270.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Cantor Fitzgerald restated an “overweight” rating and issued a $270.00 price target on shares of Amazon.com in a research note on Friday, February 7th. Roth Mkm raised their price target on Amazon.com from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Finally, The Goldman Sachs Group raised their price target on Amazon.com from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Two research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and an average target price of $260.65.

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.