Cookson Peirce & Co. Inc. Buys 12,144 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Cookson Peirce & Co. Inc. lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 385,019 shares of the e-commerce giant’s stock after acquiring an additional 12,144 shares during the quarter. Amazon.com makes up approximately 3.8% of Cookson Peirce & Co. Inc.’s investment portfolio, making the stock its 4th biggest position. Cookson Peirce & Co. Inc.’s holdings in Amazon.com were worth $84,469,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMZN. Snider Financial Group boosted its position in Amazon.com by 52.8% during the fourth quarter. Snider Financial Group now owns 47,833 shares of the e-commerce giant’s stock valued at $10,494,000 after acquiring an additional 16,529 shares during the last quarter. Triad Wealth Partners LLC boosted its position in shares of Amazon.com by 24.0% during the 4th quarter. Triad Wealth Partners LLC now owns 16,149 shares of the e-commerce giant’s stock valued at $3,543,000 after purchasing an additional 3,123 shares in the last quarter. Live Oak Investment Partners grew its stake in Amazon.com by 2.4% during the fourth quarter. Live Oak Investment Partners now owns 11,623 shares of the e-commerce giant’s stock worth $2,550,000 after purchasing an additional 268 shares during the period. Carrera Capital Advisors increased its holdings in Amazon.com by 21.5% in the fourth quarter. Carrera Capital Advisors now owns 17,870 shares of the e-commerce giant’s stock worth $3,920,000 after purchasing an additional 3,167 shares in the last quarter. Finally, Glass Wealth Management Co LLC lifted its stake in Amazon.com by 3.5% in the fourth quarter. Glass Wealth Management Co LLC now owns 34,327 shares of the e-commerce giant’s stock valued at $7,531,000 after buying an additional 1,165 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Down 4.2 %

Amazon.com stock opened at $171.00 on Friday. The firm has a market capitalization of $1.81 trillion, a price-to-earnings ratio of 30.92, a P/E/G ratio of 1.50 and a beta of 1.39. The firm has a 50 day simple moving average of $212.18 and a 200 day simple moving average of $209.06. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (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%. On average, analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Transactions at Amazon.com

In related news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction 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 sale, the chief executive officer now owns 2,118,886 shares in the company, valued at approximately $467,532,195.90. This trade represents a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 8,833 shares of the business’s stock in a transaction dated 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 transaction, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $26,647,456.60. The trade was a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 104,798 shares of company stock valued at $23,341,803. 10.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on AMZN. Telsey Advisory Group reiterated an “outperform” rating and set a $275.00 target price on shares of Amazon.com in a research report on Friday, February 7th. Jefferies Financial Group reduced their target price on Amazon.com from $275.00 to $250.00 and set a “buy” rating for the company in a research note on Monday, March 31st. HSBC upped their price target on Amazon.com from $225.00 to $270.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Wedbush reissued an “outperform” rating and issued a $280.00 price objective on shares of Amazon.com in a research note on Friday, February 7th. Finally, Tigress Financial upped their target price on Amazon.com from $245.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. Two research analysts have rated the stock with a hold rating, forty-three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $260.53.

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.