Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Sutton Place Investors LLC

Sutton Place Investors LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 11.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 8,190 shares of the e-commerce giant’s stock after buying an additional 824 shares during the period. Sutton Place Investors LLC’s holdings in Amazon.com were worth $1,797,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. River Street Advisors LLC raised its position in shares of Amazon.com by 7.1% in the 4th quarter. River Street Advisors LLC now owns 12,263 shares of the e-commerce giant’s stock worth $2,690,000 after buying an additional 812 shares during the period. Jacobsen Capital Management raised its position in shares of Amazon.com by 0.7% in the 4th quarter. Jacobsen Capital Management now owns 15,662 shares of the e-commerce giant’s stock worth $3,436,000 after buying an additional 116 shares during the period. U.S. Capital Wealth Advisors LLC raised its position in shares of Amazon.com by 12.6% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 186,393 shares of the e-commerce giant’s stock worth $40,893,000 after buying an additional 20,859 shares during the period. Greenleaf Trust raised its position in shares of Amazon.com by 0.3% in the 4th quarter. Greenleaf Trust now owns 506,707 shares of the e-commerce giant’s stock worth $111,166,000 after buying an additional 1,396 shares during the period. Finally, Nadler Financial Group Inc. raised its position in shares of Amazon.com by 1.5% in the 4th quarter. Nadler Financial Group Inc. now owns 39,250 shares of the e-commerce giant’s stock worth $8,611,000 after buying an additional 565 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on AMZN shares. Loop Capital increased their target price on Amazon.com from $275.00 to $285.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Needham & Company LLC reissued a “buy” rating and issued a $250.00 price objective on shares of Amazon.com in a research report on Friday, February 7th. Bank of America raised their price objective on Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, November 1st. 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. Finally, HSBC raised their price objective on Amazon.com from $225.00 to $270.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $260.74.

Amazon.com Stock Performance

Shares of AMZN stock opened at $212.71 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The business has a 50 day moving average of $227.48 and a two-hundred day moving average of $204.88. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The company has a market cap of $2.25 trillion, a P/E ratio of 38.46, a PEG ratio of 1.54 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. As a group, analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other news, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the sale, the director now owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $210.00, for a total value of $735,000.00. Following the sale, the chief executive officer now directly owns 524,567 shares in the company, valued at approximately $110,159,070. This trade represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 40,852 shares of company stock worth $9,324,151 over the last ninety days. Company insiders own 10.80% of the company’s stock.

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.