Heritage Family Offices LLP Purchases Shares of 1,614 Amazon.com, Inc. (NASDAQ:AMZN)

Heritage Family Offices LLP acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 1,614 shares of the e-commerce giant’s stock, valued at approximately $354,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Crestwood Advisors Group LLC boosted its stake in Amazon.com by 6.4% in the 2nd quarter. Crestwood Advisors Group LLC now owns 839,745 shares of the e-commerce giant’s stock valued at $162,283,000 after purchasing an additional 50,629 shares during the period. United Asset Strategies Inc. grew its holdings in shares of Amazon.com by 8.0% during the 2nd quarter. United Asset Strategies Inc. now owns 175,356 shares of the e-commerce giant’s stock worth $33,888,000 after purchasing an additional 13,059 shares in the last quarter. Consilium Wealth Advisory LLC raised its position in shares of Amazon.com by 9.3% in the 2nd quarter. Consilium Wealth Advisory LLC now owns 24,164 shares of the e-commerce giant’s stock valued at $4,670,000 after buying an additional 2,047 shares in the last quarter. Flaharty Asset Management LLC lifted its stake in Amazon.com by 2.2% during the second quarter. Flaharty Asset Management LLC now owns 4,032 shares of the e-commerce giant’s stock worth $779,000 after purchasing an additional 85 shares during the last quarter. Finally, BW Gestao de Investimentos Ltda. boosted its stake in Amazon.com by 18.6% in the second quarter. BW Gestao de Investimentos Ltda. now owns 30,495 shares of the e-commerce giant’s stock valued at $5,893,000 after buying an additional 4,786 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AMZN. Monness Crespi & Hardt boosted their price objective on Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Telsey Advisory Group lifted their target price on Amazon.com from $215.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Benchmark increased their price target on Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, November 1st. DA Davidson restated a “buy” rating and issued a $235.00 price target on shares of Amazon.com in a research report on Thursday, October 10th. Finally, Scotiabank increased their price target on Amazon.com from $246.00 to $306.00 and gave the stock a “sector outperform” rating in a report on Friday, January 24th. Two analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and a consensus price target of $249.46.

Insiders Place Their Bets

In related news, Director Jonathan Rubinstein sold 5,004 shares of Amazon.com stock in a transaction on Friday, November 1st. The shares were sold at an average price of $199.85, for a total value of $1,000,049.40. Following the transaction, the director now owns 99,396 shares in the company, valued at $19,864,290.60. This trade represents a 4.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the sale, the director now owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,032,344 shares of company stock valued at $1,253,456,822 over the last 90 days. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN opened at $238.15 on Wednesday. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The stock has a 50-day moving average price of $220.95 and a 200-day moving average price of $197.72. The company has a market cap of $2.50 trillion, a PE ratio of 51.00, a price-to-earnings-growth ratio of 1.31 and a beta of 1.14. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $241.77.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. During the same quarter in the previous year, the company earned $0.85 EPS. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. As a group, equities analysts forecast that Amazon.com, Inc. will post 5.39 earnings per share for the current fiscal year.

Amazon.com 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.