Pflug Koory LLC Has $1.61 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Pflug Koory LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 4.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,319 shares of the e-commerce giant’s stock after acquiring an additional 298 shares during the quarter. Pflug Koory LLC’s holdings in Amazon.com were worth $1,606,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Hoese & Co LLP acquired a new stake in shares of Amazon.com in the 3rd quarter valued at about $37,000. Bull Oak Capital LLC bought a new stake in Amazon.com in the 3rd quarter valued at approximately $45,000. Values First Advisors Inc. acquired a new position in Amazon.com during the 3rd quarter worth approximately $56,000. IFS Advisors LLC grew its stake in shares of Amazon.com by 1,625.0% during the 4th quarter. IFS Advisors LLC now owns 345 shares of the e-commerce giant’s stock worth $76,000 after acquiring an additional 325 shares in the last quarter. Finally, West Financial Advisors LLC acquired a new stake in shares of Amazon.com in the fourth quarter valued at approximately $88,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $228.93 on Thursday. The company has a 50 day moving average of $227.77 and a 200-day moving average of $201.59. The company has a market cap of $2.43 trillion, a PE ratio of 41.40, a price-to-earnings-growth ratio of 1.36 and a beta of 1.15. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 25.49% and a net margin of 9.29%. As a group, equities research analysts forecast that Amazon.com, Inc. will post 6.24 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 5,502 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $205.81, for a total value of $1,132,366.62. Following the completion of the transaction, the chief executive officer now owns 518,911 shares of the company’s stock, valued at $106,797,072.91. This represents a 1.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Matthew S. Garman sold 15,260 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the sale, the chief executive officer now directly owns 349,261 shares in the company, valued at approximately $69,918,559.59. The trade was a 4.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,850 shares of company stock valued at $6,168,581 over the last ninety days. 10.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on AMZN shares. Needham & Company LLC reiterated a “buy” rating and issued a $250.00 price target on shares of Amazon.com in a research note on Friday, February 7th. Jefferies Financial Group increased their price target on Amazon.com from $235.00 to $275.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Loop Capital upped their price objective on Amazon.com from $275.00 to $285.00 and gave the stock a “buy” rating in a research note on Wednesday. Cantor Fitzgerald reissued an “overweight” rating and issued a $270.00 target price on shares of Amazon.com in a research note on Friday, February 7th. Finally, Royal Bank of Canada upped their price target on shares of Amazon.com from $255.00 to $265.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $260.74.

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.