Gordian Advisors LLC Grows Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Gordian Advisors LLC raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,359 shares of the e-commerce giant’s stock after purchasing an additional 86 shares during the period. Amazon.com accounts for about 0.6% of Gordian Advisors LLC’s portfolio, making the stock its 14th biggest position. Gordian Advisors LLC’s holdings in Amazon.com were worth $737,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of AMZN. Pettyjohn Wood & White Inc. lifted its holdings in shares of Amazon.com by 1.3% in the 4th quarter. Pettyjohn Wood & White Inc. now owns 50,135 shares of the e-commerce giant’s stock worth $10,999,000 after acquiring an additional 665 shares during the last quarter. Fielder Capital Group LLC raised its position in Amazon.com by 34.2% in the 4th quarter. Fielder Capital Group LLC now owns 6,736 shares of the e-commerce giant’s stock worth $1,478,000 after purchasing an additional 1,717 shares during the period. Private Capital Management LLC lifted its stake in Amazon.com by 6.8% in the third quarter. Private Capital Management LLC now owns 7,853 shares of the e-commerce giant’s stock worth $1,463,000 after purchasing an additional 502 shares during the last quarter. Compass Financial Group Inc. purchased a new position in shares of Amazon.com during the fourth quarter valued at approximately $200,000. Finally, Parkside Financial Bank & Trust grew its stake in shares of Amazon.com by 5.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 59,604 shares of the e-commerce giant’s stock valued at $13,077,000 after buying an additional 3,063 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AMZN. Sanford C. Bernstein raised their price target on Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 18th. Piper Sandler reiterated an “overweight” rating and set a $265.00 target price (up from $225.00) on shares of Amazon.com in a research report on Friday, February 7th. Morgan Stanley upped their price target on shares of Amazon.com from $230.00 to $280.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Canaccord Genuity Group reaffirmed a “buy” rating on shares of Amazon.com in a research note on Thursday, February 13th. Finally, Oppenheimer boosted their price objective on shares of Amazon.com from $230.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Two equities 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $260.65.

Amazon.com Trading Down 4.3 %

Shares of NASDAQ:AMZN opened at $192.72 on Monday. 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, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The stock has a market cap of $2.04 trillion, a price-to-earnings ratio of 34.85, a PEG ratio of 1.50 and a beta of 1.19. The business has a 50-day moving average price of $216.86 and a 200-day moving average price of $209.25.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity at Amazon.com

In other news, CEO Douglas J. Herrington sold 27,500 shares of the business’s stock in a transaction dated Wednesday, February 12th. The stock was 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 owns 497,067 shares of the company’s stock, valued at $114,459,618.09. The trade was a 5.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP David Zapolsky sold 19,212 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $217.50, for a total value of $4,178,610.00. Following the sale, the senior vice president now directly owns 49,950 shares in the company, valued at approximately $10,864,125. This trade represents a 27.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 102,298 shares of company stock worth $22,871,828 over the last three months. Company insiders own 10.80% of the company’s stock.

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.