Stanich Group LLC Takes Position in Amazon.com, Inc. (NASDAQ:AMZN)

Stanich Group LLC purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 2,270 shares of the e-commerce giant’s stock, valued at approximately $498,000.

A number of other large investors have also made changes to their positions in the stock. MOKAN Wealth Management Inc. purchased a new position in Amazon.com during the 4th quarter valued at about $4,842,000. L.M. Kohn & Company raised its position in shares of Amazon.com by 0.7% in the fourth quarter. L.M. Kohn & Company now owns 89,003 shares of the e-commerce giant’s stock valued at $19,526,000 after buying an additional 656 shares during the last quarter. Blue Zone Wealth Advisors LLC raised its position in shares of Amazon.com by 1.9% in the fourth quarter. Blue Zone Wealth Advisors LLC now owns 27,817 shares of the e-commerce giant’s stock valued at $6,103,000 after buying an additional 507 shares during the last quarter. Copperleaf Capital LLC grew its holdings in Amazon.com by 13.5% in the fourth quarter. Copperleaf Capital LLC now owns 17,632 shares of the e-commerce giant’s stock valued at $3,868,000 after purchasing an additional 2,091 shares during the period. Finally, Waypoint Wealth Partners Inc. grew its stake in Amazon.com by 30.1% during the fourth quarter. Waypoint Wealth Partners Inc. now owns 13,324 shares of the e-commerce giant’s stock worth $2,923,000 after buying an additional 3,080 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Benchmark boosted their price objective on shares of Amazon.com from $215.00 to $265.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Jefferies Financial Group increased their target price on shares of Amazon.com from $235.00 to $275.00 and gave the stock a “buy” rating in a report on Monday, December 16th. UBS Group upped their price target on shares of Amazon.com from $230.00 to $264.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Wolfe Research increased their target price on shares of Amazon.com from $250.00 to $270.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Finally, Tigress Financial raised their price objective on shares of Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Two research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $260.65.

Amazon.com Trading Up 2.1 %

Shares of AMZN stock opened at $197.95 on Monday. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The business’s 50 day moving average is $221.65 and its two-hundred day moving average is $207.76. The company 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.

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 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%. Equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the transaction, the chief executive officer now owns 497,067 shares in the company, valued at $114,459,618.09. This trade represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP David Zapolsky sold 19,212 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the completion of the sale, the senior vice president now owns 49,950 shares in the company, valued at approximately $10,864,125. The trade was a 27.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 102,298 shares of company stock worth $22,871,828 over the last 90 days. 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.