Stewardship Advisors LLC Increases Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Stewardship Advisors LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 14.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,154 shares of the e-commerce giant’s stock after purchasing an additional 524 shares during the period. Stewardship Advisors LLC’s holdings in Amazon.com were worth $911,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Icon Wealth Advisors LLC increased its stake in shares of Amazon.com by 20.5% in the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after purchasing an additional 25,581 shares in the last quarter. Hoese & Co LLP purchased a new position in Amazon.com during the third quarter valued at $37,000. Bull Oak Capital LLC purchased a new position in Amazon.com during the third quarter valued at $45,000. Values First Advisors Inc. purchased a new position in Amazon.com during the third quarter valued at $56,000. Finally, Harbor Investment Advisory LLC grew its stake in Amazon.com by 1.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 301,946 shares of the e-commerce giant’s stock valued at $66,000 after acquiring an additional 3,055 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AMZN has been the subject of several research analyst reports. Loop Capital raised their target price on shares of Amazon.com from $275.00 to $285.00 and gave the company a “buy” rating in a research note on Wednesday. Wells Fargo & Company lowered their price objective on shares of Amazon.com from $212.00 to $207.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. Mizuho increased their price objective on shares of Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. TD Cowen lifted their price target on shares of Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $265.00 target price (up previously from $225.00) on shares of Amazon.com in a research note on Friday, February 7th. Two 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’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $260.74.

Insiders Place Their Bets

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the 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 directly owns 24,912 shares of the company’s stock, valued at $4,958,982.72. This represents a 4.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $210.00, for a total transaction of $735,000.00. Following the sale, the chief executive officer now directly owns 524,567 shares in the company, valued at approximately $110,159,070. The trade was a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,348 shares of company stock valued at $5,036,214. Company insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

NASDAQ AMZN opened at $230.37 on Friday. The stock’s fifty day moving average price is $227.98 and its 200 day moving average price is $201.78. The company has a market cap of $2.42 trillion, a price-to-earnings ratio of 41.66, a PEG ratio of 1.36 and a beta of 1.15. 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, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its quarterly 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 year.

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.