Decker Retirement Planning Inc. Buys Shares of 6,850 Amazon.com, Inc. (NASDAQ:AMZN)

Decker Retirement Planning Inc. bought a new position in Amazon.com, Inc. (NASDAQ:AMZN) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 6,850 shares of the e-commerce giant’s stock, valued at approximately $1,503,000. Amazon.com accounts for 0.9% of Decker Retirement Planning Inc.’s investment portfolio, making the stock its 25th largest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Fiera Capital Corp boosted its stake in Amazon.com by 12.5% in the 2nd quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock worth $77,515,000 after purchasing an additional 44,615 shares during the period. Octavia Wealth Advisors LLC lifted its stake in Amazon.com by 6.6% in the 2nd quarter. Octavia Wealth Advisors LLC now owns 103,346 shares of the e-commerce giant’s stock valued at $19,972,000 after acquiring an additional 6,415 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in Amazon.com by 0.7% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 786,676 shares of the e-commerce giant’s stock worth $152,025,000 after acquiring an additional 5,261 shares during the last quarter. Founders Financial Securities LLC grew its stake in shares of Amazon.com by 10.0% during the 2nd quarter. Founders Financial Securities LLC now owns 46,781 shares of the e-commerce giant’s stock worth $9,040,000 after acquiring an additional 4,256 shares in the last quarter. Finally, Archer Investment Corp raised its holdings in shares of Amazon.com by 3.2% in the second quarter. Archer Investment Corp now owns 13,538 shares of the e-commerce giant’s stock valued at $2,616,000 after purchasing an additional 418 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $234.64 on Friday. The firm has a 50 day simple moving average of $222.30 and a 200 day simple moving average of $198.30. The company has a market cap of $2.47 trillion, a price-to-earnings ratio of 50.24, a PEG ratio of 1.31 and a beta of 1.14. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $241.77. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87.

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Royal Bank of Canada increased their target price on shares of Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Susquehanna lifted their target price on Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a research report on Friday, November 1st. JMP Securities reissued a “market outperform” rating and set a $285.00 price target on shares of Amazon.com in a research report on Thursday. JPMorgan Chase & Co. boosted their price target on Amazon.com from $250.00 to $280.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Finally, Wolfe Research upped their price objective on Amazon.com from $250.00 to $270.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. 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. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $249.46.

Insiders Place Their Bets

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the transaction, the director now owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. This trade represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction on 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 directly owns 88,203 shares in the company, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,027,340 shares of company stock valued at $1,252,456,773 in the last 90 days. Corporate insiders own 10.80% of the company’s stock.

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.