Crescent Sterling Ltd. Boosts Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Crescent Sterling Ltd. boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 46.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,840 shares of the e-commerce giant’s stock after purchasing an additional 1,538 shares during the quarter. Amazon.com comprises approximately 1.1% of Crescent Sterling Ltd.’s holdings, making the stock its 28th largest holding. Crescent Sterling Ltd.’s holdings in Amazon.com were worth $1,062,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in AMZN. Matrix Trust Co bought a new stake in Amazon.com in the fourth quarter worth $174,000. Aprio Wealth Management LLC grew its stake in shares of Amazon.com by 25.3% in the 4th quarter. Aprio Wealth Management LLC now owns 13,060 shares of the e-commerce giant’s stock worth $2,865,000 after buying an additional 2,641 shares in the last quarter. Czech National Bank increased its holdings in shares of Amazon.com by 6.6% in the 4th quarter. Czech National Bank now owns 2,029,097 shares of the e-commerce giant’s stock worth $445,164,000 after buying an additional 126,224 shares during the last quarter. Graypoint LLC increased its holdings in shares of Amazon.com by 1.6% in the 4th quarter. Graypoint LLC now owns 84,128 shares of the e-commerce giant’s stock worth $18,457,000 after buying an additional 1,307 shares during the last quarter. Finally, RMR Wealth Builders lifted its holdings in shares of Amazon.com by 2.5% in the 4th quarter. RMR Wealth Builders now owns 70,423 shares of the e-commerce giant’s stock valued at $15,450,000 after acquiring an additional 1,690 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Up 2.1 %

Shares of Amazon.com stock opened at $230.71 on Wednesday. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $233.00. The firm’s 50 day moving average price is $218.30 and its 200-day moving average price is $196.47. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The company has a market cap of $2.43 trillion, a P/E ratio of 49.40, a PEG ratio of 1.26 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.85 earnings per share. On average, sell-side analysts predict that Amazon.com, Inc. will post 5.39 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the sale, the director now owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Matthew S. Garman sold 15,260 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $200.19, for a total value of $3,054,899.40. Following the completion of the sale, the chief executive officer now owns 349,261 shares in the company, valued at approximately $69,918,559.59. This represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,032,344 shares of company stock worth $1,253,456,822. 10.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Oppenheimer upped their price objective on Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Loop Capital increased their price target on Amazon.com from $225.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a research report on Friday, November 1st. The Goldman Sachs Group raised their target price on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Moffett Nathanson upped their price target on shares of Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. 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’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $246.85.

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.