Weatherly Asset Management L. P. Acquires 708 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Weatherly Asset Management L. P. boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 234,862 shares of the e-commerce giant’s stock after acquiring an additional 708 shares during the quarter. Amazon.com accounts for approximately 4.6% of Weatherly Asset Management L. P.’s investment portfolio, making the stock its 3rd biggest holding. Weatherly Asset Management L. P.’s holdings in Amazon.com were worth $51,526,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. AMF Tjanstepension AB boosted its holdings in Amazon.com by 44.3% during the third quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant’s stock worth $492,172,000 after purchasing an additional 811,425 shares during the last quarter. Total Wealth Planning LLC lifted its position in shares of Amazon.com by 33.2% during the 3rd quarter. Total Wealth Planning LLC now owns 2,241 shares of the e-commerce giant’s stock worth $418,000 after buying an additional 559 shares in the last quarter. Pinnacle Wealth Management Group Inc. boosted its stake in shares of Amazon.com by 4.6% in the 3rd quarter. Pinnacle Wealth Management Group Inc. now owns 6,761 shares of the e-commerce giant’s stock worth $1,260,000 after buying an additional 300 shares during the last quarter. McNamara Financial Services Inc. boosted its stake in shares of Amazon.com by 28.9% in the 3rd quarter. McNamara Financial Services Inc. now owns 2,764 shares of the e-commerce giant’s stock worth $515,000 after buying an additional 620 shares during the last quarter. Finally, Code Waechter LLC bought a new position in shares of Amazon.com in the third quarter valued at approximately $749,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 27,500 shares of the business’s 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 completion of 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP David Zapolsky sold 19,212 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the transaction, the senior vice president now directly owns 49,950 shares in the company, valued at approximately $10,864,125. This represents a 27.78 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 102,298 shares of company stock worth $22,871,828. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of recent analyst reports. Moffett Nathanson lifted their price target on Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. BMO Capital Markets reiterated an “outperform” rating and set a $236.00 target price on shares of Amazon.com in a research note on Tuesday, December 3rd. Stifel Nicolaus increased their price target on shares of Amazon.com from $245.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Maxim Group raised their price objective on shares of Amazon.com from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Finally, The Goldman Sachs Group boosted their target price on shares of Amazon.com from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $260.65.

Amazon.com Stock Down 0.7 %

Shares of NASDAQ AMZN opened at $199.25 on Monday. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The business has a 50-day moving average of $224.11 and a 200-day moving average of $206.99. The firm has a market capitalization of $2.11 trillion, a price-to-earnings ratio of 36.03, a PEG ratio of 1.50 and a beta of 1.19. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results 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%. Sell-side analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Amazon.com 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.