Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Pettyjohn Wood & White Inc.

Pettyjohn Wood & White Inc. raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 50,135 shares of the e-commerce giant’s stock after purchasing an additional 665 shares during the period. Amazon.com accounts for approximately 2.0% of Pettyjohn Wood & White Inc.’s investment portfolio, making the stock its 13th biggest holding. Pettyjohn Wood & White Inc.’s holdings in Amazon.com were worth $10,999,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AMZN. Accordant Advisory Group Inc grew its position in Amazon.com by 400.0% during the 4th 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 last quarter. Icon Wealth Advisors LLC lifted its stake in shares of Amazon.com by 20.5% during the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after buying an additional 25,581 shares during the period. Quattro Financial Advisors LLC grew its holdings in shares of Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after buying an additional 45 shares during the last quarter. Compass Planning Associates Inc acquired a new position in shares of Amazon.com in the 4th quarter valued at $51,000. Finally, Iron Horse Wealth Management LLC raised its stake in Amazon.com by 64.4% in the 4th quarter. Iron Horse Wealth Management LLC now owns 286 shares of the e-commerce giant’s stock worth $63,000 after acquiring an additional 112 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

AMZN opened at $192.72 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The company’s 50 day simple moving average is $216.86 and its 200-day simple moving average is $209.25. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The stock has a market capitalization of $2.04 trillion, a P/E ratio of 34.85, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19.

Amazon.com (NASDAQ:AMZN) last released its 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%. Sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Amazon.com news, CFO Brian T. Olsavsky sold 14,620 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $223.14, for a total transaction of $3,262,306.80. Following the completion of the sale, the chief financial officer now owns 49,000 shares in the company, valued at approximately $10,933,860. The trade was a 22.98 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 5,501 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total value of $1,256,648.44. Following the completion of the transaction, the chief executive officer now owns 505,318 shares in the company, valued at $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 a total of 102,298 shares of company stock worth $22,871,828 over the last three months. 10.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AMZN. Citigroup reiterated a “buy” rating on shares of Amazon.com in a research report on Thursday, February 13th. DA Davidson upped their price objective on shares of Amazon.com from $235.00 to $280.00 and gave the company a “buy” rating in a report on Friday, February 7th. UBS Group raised their target price on shares of Amazon.com from $230.00 to $264.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Raymond James upped their price target on shares of Amazon.com from $260.00 to $275.00 in a report on Monday, February 10th. Finally, TD Cowen lifted their price objective on Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $260.65.

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.