Pine Haven Investment Counsel Inc Takes $202,000 Position in Amazon.com, Inc. (NASDAQ:AMZN)

Pine Haven Investment Counsel Inc purchased a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 920 shares of the e-commerce giant’s stock, valued at approximately $202,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Fiera Capital Corp lifted its position in Amazon.com by 12.5% during the second quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock valued at $77,515,000 after acquiring an additional 44,615 shares during the last quarter. Commonwealth Retirement Investments LLC raised its holdings in shares of Amazon.com by 11.9% in the second quarter. Commonwealth Retirement Investments LLC now owns 4,685 shares of the e-commerce giant’s stock worth $905,000 after buying an additional 500 shares during the last quarter. Gentry Private Wealth LLC acquired a new stake in shares of Amazon.com in the second quarter worth $842,000. Valtinson Bruner Financial Planning LLC increased its stake in shares of Amazon.com by 23.4% in the second quarter. Valtinson Bruner Financial Planning LLC now owns 5,342 shares of the e-commerce giant’s stock worth $1,032,000 after acquiring an additional 1,014 shares during the period. Finally, Patron Partners LLC increased its stake in shares of Amazon.com by 5.0% in the second quarter. Patron Partners LLC now owns 29,500 shares of the e-commerce giant’s stock worth $5,701,000 after acquiring an additional 1,400 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. The Goldman Sachs Group raised their price target on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Mizuho lifted their target price on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Wolfe Research lifted their price target on shares of Amazon.com from $250.00 to $270.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Bank of America lifted their price target on shares of Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, TD Cowen lifted their price objective on shares of Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Two equities research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $251.44.

Insider Activity

In other Amazon.com news, CEO Matthew S. Garman sold 15,260 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the completion of the transaction, the chief executive officer now directly owns 349,261 shares in the company, valued at approximately $69,918,559.59. This trade represents a 4.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jonathan Rubinstein sold 4,766 shares of Amazon.com stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $209.85, for a total transaction of $1,000,145.10. Following the sale, the director now owns 94,630 shares of the company’s stock, valued at approximately $19,858,105.50. This trade represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,027,340 shares of company stock worth $1,252,456,773 in the last 90 days. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Stock Down 0.1 %

Shares of Amazon.com stock opened at $237.42 on Tuesday. 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 one year low of $151.61 and a one year high of $241.77. The company has a market cap of $2.50 trillion, a P/E ratio of 50.84, a PEG ratio of 1.35 and a beta of 1.15. The firm has a fifty day moving average of $223.83 and a two-hundred day moving average of $198.98.

About Amazon.com

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.