Bank of Jackson Hole Trust Buys New Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Bank of Jackson Hole Trust purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the 4th quarter, Holdings Channel.com reports. The fund purchased 16,147 shares of the e-commerce giant’s stock, valued at approximately $3,542,000. Amazon.com accounts for 2.4% of Bank of Jackson Hole Trust’s investment portfolio, making the stock its 8th biggest position.

A number of other institutional investors have also modified their holdings of AMZN. Accordant Advisory Group Inc raised its position in Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after acquiring an additional 100 shares in the last quarter. Icon Wealth Advisors LLC boosted its position in Amazon.com by 20.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after purchasing an additional 25,581 shares in the last quarter. Bull Oak Capital LLC acquired a new stake in shares of Amazon.com during the 3rd quarter worth approximately $45,000. Quattro Financial Advisors LLC increased its holdings in shares of Amazon.com by 23.8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after purchasing an additional 45 shares in the last quarter. Finally, Values First Advisors Inc. purchased a new position in shares of Amazon.com during the 3rd quarter valued at approximately $56,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In other news, VP Shelley Reynolds sold 8,833 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $222.47, for a total value of $1,965,077.51. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $26,647,456.60. This represents a 6.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 5,501 shares of Amazon.com stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the completion of the sale, the chief executive officer now owns 505,318 shares of the company’s stock, valued at $115,434,843.92. This trade represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 102,298 shares of company stock valued at $22,871,828. 10.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. JMP Securities reissued a “market outperform” rating and set a $285.00 price target on shares of Amazon.com in a report on Friday, February 7th. Wedbush reissued an “outperform” rating and set a $280.00 target price on shares of Amazon.com in a research note on Friday, February 7th. JPMorgan Chase & Co. lifted their price target on Amazon.com from $250.00 to $280.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Benchmark upped their price target on Amazon.com from $215.00 to $265.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $275.00 price objective on shares of Amazon.com in a report on Friday, February 7th. Two 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’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $260.65.

Amazon.com Stock Down 1.5 %

AMZN stock opened at $192.82 on Wednesday. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The firm has a market cap of $2.04 trillion, a PE ratio of 34.87, a PEG ratio of 1.50 and a beta of 1.19. The firm’s 50 day moving average price is $220.43 and its 200-day moving average price is $208.02. 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 posted its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping 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%. On average, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current 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.