Strategic Advisors LLC Acquires 9,673 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Strategic Advisors LLC boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 133,677 shares of the e-commerce giant’s stock after buying an additional 9,673 shares during the quarter. Amazon.com makes up approximately 5.3% of Strategic Advisors LLC’s investment portfolio, making the stock its 2nd largest position. Strategic Advisors LLC’s holdings in Amazon.com were worth $29,327,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. AMF Tjanstepension AB grew 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 purchasing an additional 811,425 shares during the last quarter. Swedbank AB grew its position in shares of Amazon.com by 1.4% in the third quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant’s stock valued at $2,484,864,000 after purchasing an additional 183,610 shares during the last quarter. Naviter Wealth LLC grew its position in shares of Amazon.com by 4.6% in the third quarter. Naviter Wealth LLC now owns 52,149 shares of the e-commerce giant’s stock valued at $9,717,000 after purchasing an additional 2,316 shares during the last quarter. Sassicaia Capital Advisers LLC acquired a new position in shares of Amazon.com in the third quarter valued at approximately $279,000. Finally, Greater Midwest Financial Group LLC grew its position in shares of Amazon.com by 0.3% in the third quarter. Greater Midwest Financial Group LLC now owns 54,724 shares of the e-commerce giant’s stock valued at $10,197,000 after purchasing an additional 145 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Maxim Group upped their target price on Amazon.com from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Friday, February 7th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $236.00 target price on shares of Amazon.com in a research report on Tuesday, December 3rd. JMP Securities reiterated a “market outperform” rating and issued a $285.00 price target on shares of Amazon.com in a research note on Friday, February 7th. Needham & Company LLC reiterated a “buy” rating and issued a $250.00 price target on shares of Amazon.com in a research note on Friday, February 7th. Finally, Tigress Financial boosted their price target on Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a research note 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $260.65.

Amazon.com Stock Performance

NASDAQ AMZN opened at $197.95 on Monday. The company has a market capitalization 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, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The stock has a fifty day simple moving average of $221.65 and a 200 day simple moving average of $207.76. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

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

Insiders Place Their Bets

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the completion of the sale, the chief executive officer now directly owns 2,118,886 shares in the company, valued at approximately $467,532,195.90. This trade represents a 0.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Shelley Reynolds sold 8,833 shares of the 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 sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $26,647,456.60. The trade was a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 102,298 shares of company stock worth $22,871,828. 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.