Smith Group Asset Management LLC Acquires 115 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Smith Group Asset Management LLC grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,543 shares of the e-commerce giant’s stock after acquiring an additional 115 shares during the period. Smith Group Asset Management LLC’s holdings in Amazon.com were worth $5,384,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of AMZN. Fiera Capital Corp lifted its stake in Amazon.com by 12.5% in 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. Beck Bode LLC bought a new stake in shares of Amazon.com in the 2nd quarter valued at about $651,000. Asset Management Group Inc. lifted its stake in Amazon.com by 1.9% in the 2nd quarter. Asset Management Group Inc. now owns 40,648 shares of the e-commerce giant’s stock valued at $7,855,000 after purchasing an additional 764 shares during the last quarter. Arista Wealth Management LLC grew its holdings in Amazon.com by 83.4% during the second quarter. Arista Wealth Management LLC now owns 16,418 shares of the e-commerce giant’s stock worth $3,173,000 after purchasing an additional 7,466 shares during the period. Finally, Tcwp LLC grew its holdings in Amazon.com by 2.4% during the second quarter. Tcwp LLC now owns 5,733 shares of the e-commerce giant’s stock worth $1,108,000 after purchasing an additional 132 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity

In other news, CEO Douglas J. Herrington sold 27,500 shares of the business’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the sale, the chief executive officer now directly owns 497,067 shares in the company, valued at approximately $114,459,618.09. The trade was a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Matthew S. Garman sold 15,260 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $200.19, for a total value of $3,054,899.40. Following the completion of the transaction, the chief executive officer now directly owns 349,261 shares of the company’s stock, valued at $69,918,559.59. This represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,611 shares of company stock worth $11,122,402. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Down 1.0 %

Shares of NASDAQ AMZN opened at $226.45 on Wednesday. The company has a market cap of $2.38 trillion, a price-to-earnings ratio of 40.95, a PEG 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 12 month low of $151.61 and a 12 month high of $242.52. The stock has a 50-day moving average price of $228.26 and a two-hundred day moving average price of $202.87.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data 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%. As a group, analysts forecast that Amazon.com, Inc. will post 6.24 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AMZN. UBS Group raised their price objective on Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Truist Financial raised their price target on Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a report on Friday, November 1st. Canaccord Genuity Group upped their price objective on shares of Amazon.com from $265.00 to $280.00 and gave the company a “buy” rating in a report on Friday, February 7th. Jefferies Financial Group increased their price objective on shares of Amazon.com from $235.00 to $275.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Finally, The Goldman Sachs Group lifted their target price on shares of Amazon.com from $240.00 to $255.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $260.74.

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.