RNC Capital Management LLC Has $13.48 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

RNC Capital Management LLC grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 26.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 61,454 shares of the e-commerce giant’s stock after acquiring an additional 12,920 shares during the quarter. RNC Capital Management LLC’s holdings in Amazon.com were worth $13,482,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Tandem Financial LLC bought a new position in shares of Amazon.com during the 4th quarter worth about $425,000. Spectrum Asset Management Inc. NB CA acquired a new position in Amazon.com in the fourth quarter worth about $210,000. Socha Financial Group LLC lifted its stake in Amazon.com by 3.3% during the fourth quarter. Socha Financial Group LLC now owns 1,728 shares of the e-commerce giant’s stock worth $379,000 after purchasing an additional 55 shares during the period. Strategic Financial Concepts LLC boosted its holdings in Amazon.com by 23,742.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 5,102,618 shares of the e-commerce giant’s stock valued at $1,119,463,000 after purchasing an additional 5,081,217 shares in the last quarter. Finally, Leo Wealth LLC grew its stake in shares of Amazon.com by 1.8% in the 4th quarter. Leo Wealth LLC now owns 140,529 shares of the e-commerce giant’s stock valued at $30,834,000 after purchasing an additional 2,455 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Price Performance

NASDAQ AMZN opened at $205.02 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The stock has a market cap of $2.17 trillion, a price-to-earnings ratio of 37.07, a PEG ratio of 1.50 and a beta of 1.15. The business has a 50 day simple moving average of $226.04 and a 200 day simple moving average of $206.30. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 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 24.25%. Analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In related news, VP Shelley Reynolds sold 8,833 shares of Amazon.com stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $26,647,456.60. This trade represents a 6.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the transaction, the chief executive officer now directly owns 2,118,886 shares of the company’s stock, valued at approximately $467,532,195.90. This trade represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 106,649 shares of company stock valued at $23,871,905 in the last 90 days. 10.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Canaccord Genuity Group restated a “buy” rating on shares of Amazon.com in a research report on Thursday, February 13th. Telsey Advisory Group reissued an “outperform” rating and set a $275.00 price objective on shares of Amazon.com in a report on Friday, February 7th. Moffett Nathanson upped their target price on shares of Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Morgan Stanley increased their target price on shares of Amazon.com from $230.00 to $280.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Finally, Wells Fargo & Company reduced their price target on shares of Amazon.com from $207.00 to $203.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 25th. 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 company. According to MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and an average target price of $260.65.

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.