HTG Investment Advisors Inc. Grows Stake in Amazon.com, Inc. (NASDAQ:AMZN)

HTG Investment Advisors Inc. increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 183.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,851 shares of the e-commerce giant’s stock after purchasing an additional 3,140 shares during the period. Amazon.com accounts for 0.5% of HTG Investment Advisors Inc.’s holdings, making the stock its 29th biggest holding. HTG Investment Advisors Inc.’s holdings in Amazon.com were worth $737,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Amazon.com by 4.4% during the third quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock valued at $96,350,832,000 after purchasing an additional 32,038,029 shares in the last quarter. FMR LLC grew its position in Amazon.com by 7.7% in the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock worth $38,403,135,000 after acquiring an additional 21,649,871 shares in the last quarter. Northern Trust Corp increased its stake in Amazon.com by 3.7% during the third quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant’s stock worth $11,736,905,000 after acquiring an additional 3,260,411 shares during the last quarter. Jennison Associates LLC raised its position in Amazon.com by 28.4% during the third quarter. Jennison Associates LLC now owns 54,981,548 shares of the e-commerce giant’s stock valued at $6,989,254,000 after purchasing an additional 12,176,114 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Amazon.com by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 50,395,031 shares of the e-commerce giant’s stock worth $6,406,216,000 after purchasing an additional 1,374,052 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on AMZN shares. Truist Financial raised their price target on Amazon.com from $195.00 to $216.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. DA Davidson reissued a “buy” rating and issued a $235.00 price objective on shares of Amazon.com in a research note on Thursday, April 18th. Raymond James upped their target price on Amazon.com from $185.00 to $200.00 and gave the company a “strong-buy” rating in a research note on Friday, February 2nd. JMP Securities reissued a “market outperform” rating and set a $225.00 price target on shares of Amazon.com in a research note on Wednesday, April 24th. Finally, Oppenheimer lifted their target price on Amazon.com from $200.00 to $210.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $205.13.

Amazon.com Trading Up 0.7 %

AMZN stock opened at $180.96 on Tuesday. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. Amazon.com, Inc. has a 52-week low of $101.15 and a 52-week high of $189.77. The company’s 50-day simple moving average is $178.22 and its 200-day simple moving average is $159.32. The firm has a market cap of $1.88 trillion, a P/E ratio of 62.40, a PEG ratio of 1.55 and a beta of 1.17.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. The company had revenue of $169.96 billion for the quarter, compared to the consensus estimate of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. Amazon.com’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.21 earnings per share. As a group, equities analysts forecast that Amazon.com, Inc. will post 4.11 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $155.72, for a total value of $77,860.00. Following the sale, the chief executive officer now owns 116,560 shares in the company, valued at $18,150,723.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $155.72, for a total value of $77,860.00. Following the transaction, the chief executive officer now directly owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffrey P. Bezos sold 2,009,208 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $166.79, for a total value of $335,115,802.32. Following the sale, the insider now owns 938,251,817 shares of the company’s stock, valued at $156,491,020,557.43. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,214,010 shares of company stock valued at $5,505,889,146. 10.80% of the stock is owned by corporate insiders.

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.