Heritage Financial Services LLC Has $1.13 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Heritage Financial Services LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,143 shares of the e-commerce giant’s stock after buying an additional 108 shares during the period. Heritage Financial Services LLC’s holdings in Amazon.com were worth $1,128,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Fiera Capital Corp boosted 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 purchasing an additional 44,615 shares during the last quarter. Beck Bode LLC acquired a new position in Amazon.com during the second quarter valued at approximately $651,000. Clear Point Advisors Inc. boosted its position in Amazon.com by 3.2% during the second quarter. Clear Point Advisors Inc. now owns 5,176 shares of the e-commerce giant’s stock valued at $1,000,000 after purchasing an additional 160 shares during the last quarter. Zurich Insurance Group Ltd FI boosted its position in Amazon.com by 2.5% during the second quarter. Zurich Insurance Group Ltd FI now owns 2,722,578 shares of the e-commerce giant’s stock valued at $526,138,000 after purchasing an additional 66,598 shares during the last quarter. Finally, Fred Alger Management LLC boosted its position in Amazon.com by 1.7% during the second quarter. Fred Alger Management LLC now owns 6,521,736 shares of the e-commerce giant’s stock valued at $1,260,325,000 after purchasing an additional 108,494 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on AMZN. Rosenblatt Securities increased their price target on Amazon.com from $236.00 to $287.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Moffett Nathanson upped their price objective on Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Bank of America upped their price objective on Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Raymond James upped their price objective on Amazon.com from $260.00 to $275.00 in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. upped their price objective on Amazon.com from $250.00 to $280.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Two 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. Based on data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and an average target price of $260.74.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 27,500 shares of the firm’s stock in a transaction on 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 owns 497,067 shares of the company’s stock, valued at $114,459,618.09. This trade represents a 5.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jonathan Rubinstein sold 4,351 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the sale, the director now directly owns 88,203 shares in the company, valued at approximately $20,273,459.55. This trade represents a 4.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 40,852 shares of company stock valued at $9,324,151 in the last 90 days. 10.80% of the stock is owned by corporate insiders.

Amazon.com Trading Down 2.8 %

Shares of AMZN stock opened at $216.58 on Friday. The stock’s fifty day moving average price is $227.88 and its two-hundred day moving average price is $203.96. The company has a market cap of $2.30 trillion, a PE ratio of 39.16, a P/E/G ratio of 1.57 and a beta of 1.15. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Amazon.com Company 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.