Winthrop Advisory Group LLC Raises Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Winthrop Advisory Group LLC increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1,069.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 449,830 shares of the e-commerce giant’s stock after purchasing an additional 411,379 shares during the period. Amazon.com accounts for approximately 10.8% of Winthrop Advisory Group LLC’s holdings, making the stock its 2nd largest position. Winthrop Advisory Group LLC’s holdings in Amazon.com were worth $98,688,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of AMZN. PayPay Securities Corp boosted its holdings in shares of Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after buying an additional 64 shares during the period. Hoese & Co LLP acquired a new stake in Amazon.com during the third quarter worth approximately $37,000. Bull Oak Capital LLC bought a new stake in shares of Amazon.com during the third quarter worth approximately $45,000. Values First Advisors Inc. acquired a new position in shares of Amazon.com in the third quarter valued at approximately $56,000. Finally, Abich Financial Wealth Management LLC increased its stake in shares of Amazon.com by 84.7% during the second quarter. Abich Financial Wealth Management LLC now owns 434 shares of the e-commerce giant’s stock worth $84,000 after purchasing an additional 199 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Buying and Selling

In other 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 value of $1,000,077.35. Following the completion of the transaction, the director now directly owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. This trade represents a 4.70 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $208.85, for a total value of $625,790,203.70. Following the sale, the insider now owns 917,416,976 shares in the company, valued at approximately $191,602,535,437.60. The trade was a 0.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,032,344 shares of company stock valued at $1,253,456,822 over the last ninety days. 10.80% of the stock is owned by company insiders.

Amazon.com Price Performance

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

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. The firm 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% compared to the same quarter last year. During the same period in the previous year, the business earned $0.85 EPS. Sell-side analysts predict that Amazon.com, Inc. will post 5.39 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Tigress Financial boosted their price target on Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Oppenheimer lifted their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Robert W. Baird boosted their price objective on shares of Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Finally, Susquehanna raised their target price on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given 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 $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.