Buttonwood Financial Advisors Inc. Reduces Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Buttonwood Financial Advisors Inc. decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,290 shares of the e-commerce giant’s stock after selling 99 shares during the period. Amazon.com makes up about 2.2% of Buttonwood Financial Advisors Inc.’s investment portfolio, making the stock its 13th largest position. Buttonwood Financial Advisors Inc.’s holdings in Amazon.com were worth $5,110,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Clio Asset Management LLC bought a new position in shares of Amazon.com during the fourth quarter valued at approximately $1,316,000. United Asset Strategies Inc. boosted its holdings in Amazon.com by 1.3% during the 4th quarter. United Asset Strategies Inc. now owns 198,215 shares of the e-commerce giant’s stock valued at $43,486,000 after acquiring an additional 2,599 shares during the period. Cornerstone Wealth Group LLC boosted its holdings in Amazon.com by 2.5% during the 4th quarter. Cornerstone Wealth Group LLC now owns 80,186 shares of the e-commerce giant’s stock valued at $17,592,000 after acquiring an additional 1,947 shares during the period. waypoint wealth counsel grew its position in Amazon.com by 3.2% in the 4th quarter. waypoint wealth counsel now owns 12,617 shares of the e-commerce giant’s stock valued at $2,768,000 after acquiring an additional 388 shares during the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new stake in Amazon.com in the fourth quarter worth $301,650,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on AMZN shares. Roth Mkm boosted their target price on shares of Amazon.com from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, December 9th. JPMorgan Chase & Co. raised their target price on shares of Amazon.com from $250.00 to $280.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Scotiabank lifted their target price on Amazon.com from $246.00 to $306.00 and gave the company a “sector outperform” rating in a research report on Friday, January 24th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $270.00 price target on shares of Amazon.com in a research report on Friday, February 7th. Finally, Sanford C. Bernstein upped their price objective on Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 18th. Two research 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 stock. According to MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $260.74.

Insider Activity

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the transaction, the director now directly owns 88,203 shares of the company’s stock, valued at $20,273,459.55. This trade represents a 4.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the transaction, the chief executive officer now directly owns 497,067 shares of the company’s stock, valued at $114,459,618.09. The trade was a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 51,848 shares of company stock worth $11,368,639 in the last ninety days. Company insiders own 10.80% of the company’s stock.

Amazon.com Trading Down 0.7 %

Amazon.com stock opened at $228.68 on Friday. The firm has a market cap of $2.40 trillion, a PE ratio of 41.35, a P/E/G ratio of 1.36 and a beta of 1.15. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The stock’s 50 day simple moving average is $228.21 and its two-hundred day simple moving average is $202.30. 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 (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 25.49%. Analysts anticipate 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.