Amazon.com, Inc. (NASDAQ:AMZN) Position Boosted by Sitrin Capital Management LLC

Sitrin Capital Management LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,540 shares of the e-commerce giant’s stock after buying an additional 545 shares during the quarter. Amazon.com comprises 4.0% of Sitrin Capital Management LLC’s portfolio, making the stock its 6th biggest holding. Sitrin Capital Management LLC’s holdings in Amazon.com were worth $8,017,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Accordant Advisory Group Inc boosted its position in shares of Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after purchasing an additional 100 shares during the period. Icon Wealth Advisors LLC lifted its stake in shares of Amazon.com by 20.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after buying an additional 25,581 shares in the last quarter. Bull Oak Capital LLC bought a new position in Amazon.com in the 3rd quarter worth $45,000. Quattro Financial Advisors LLC boosted its stake in shares of Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after acquiring an additional 45 shares during the period. Finally, Compass Planning Associates Inc bought a new position in Amazon.com in the 4th quarter worth approximately $51,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Down 4.3 %

NASDAQ:AMZN opened at $192.72 on Friday. The company’s 50 day moving average is $216.86 and its two-hundred day moving average is $208.87. The company has a market cap of $2.04 trillion, a PE ratio of 34.85, a P/E/G 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 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 issued 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 return on equity of 24.25% and a net margin of 9.29%. Analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Sanford C. Bernstein boosted their target price on shares of Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a report on Wednesday, December 18th. Scotiabank lifted their price target on shares of Amazon.com from $246.00 to $306.00 and gave the company a “sector outperform” rating in a report on Friday, January 24th. Rosenblatt Securities increased their price objective on shares of Amazon.com from $236.00 to $287.00 and gave the company a “buy” rating in a report on Friday, February 7th. Raymond James upped their price objective on Amazon.com from $260.00 to $275.00 in a report on Monday, February 10th. Finally, Wolfe Research raised their target price on shares of Amazon.com from $250.00 to $270.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. 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 company. Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $260.65.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 27,500 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were 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 in the company, valued at $114,459,618.09. The trade was a 5.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the company’s 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 transaction, the chief executive officer now owns 2,118,886 shares of the company’s stock, valued at approximately $467,532,195.90. This trade represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 102,298 shares of company stock worth $22,871,828 over the last 90 days. 10.80% of the stock is currently owned by company insiders.

About Amazon.com

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.