Jordan Park Group LLC Buys 524 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Jordan Park Group LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 15.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,004 shares of the e-commerce giant’s stock after acquiring an additional 524 shares during the quarter. Jordan Park Group LLC’s holdings in Amazon.com were worth $878,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. RW Investment Management LLC increased its position in shares of Amazon.com by 7.8% during the 4th quarter. RW Investment Management LLC now owns 3,000 shares of the e-commerce giant’s stock valued at $658,000 after purchasing an additional 218 shares during the last quarter. Mader & Shannon Wealth Management Inc. purchased a new stake in Amazon.com in the fourth quarter worth approximately $5,009,000. Advyzon Investment Management LLC bought a new position in Amazon.com during the fourth quarter valued at approximately $2,434,000. Handelsbanken Fonder AB raised its stake in shares of Amazon.com by 15.2% during the fourth quarter. Handelsbanken Fonder AB now owns 600,200 shares of the e-commerce giant’s stock worth $131,678,000 after acquiring an additional 79,000 shares in the last quarter. Finally, Mcdaniel Terry & Co. lifted its holdings in shares of Amazon.com by 0.4% in the 4th quarter. Mcdaniel Terry & Co. now owns 124,079 shares of the e-commerce giant’s stock worth $27,222,000 after acquiring an additional 550 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the completion of the transaction, the chief executive officer now directly owns 2,118,886 shares in the company, valued at $467,532,195.90. This represents a 0.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 5,501 shares of Amazon.com stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the completion of the sale, the chief executive officer now owns 505,318 shares in the company, valued at approximately $115,434,843.92. This represents a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 102,298 shares of company stock valued at $22,871,828 over the last 90 days. Company insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on AMZN shares. Royal Bank of Canada increased their target price on shares of Amazon.com from $255.00 to $265.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Wolfe Research lifted their price objective on Amazon.com from $250.00 to $270.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Canaccord Genuity Group reissued a “buy” rating on shares of Amazon.com in a research note on Thursday, February 13th. HSBC raised their price target on Amazon.com from $225.00 to $270.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Finally, Raymond James boosted their price objective on Amazon.com from $260.00 to $275.00 in a research report on Monday, February 10th. Two analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $260.65.

Amazon.com Trading Down 0.3 %

Amazon.com stock opened at $194.95 on Friday. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The business’s fifty day simple moving average is $219.36 and its two-hundred day simple moving average is $207.85. The company has a market capitalization of $2.07 trillion, a price-to-earnings ratio of 35.25, 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.

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

Amazon.com Company 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.