Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Welch & Forbes LLC

Welch & Forbes LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 521,467 shares of the e-commerce giant’s stock after buying an additional 769 shares during the quarter. Amazon.com accounts for 1.5% of Welch & Forbes LLC’s investment portfolio, making the stock its 16th largest position. Welch & Forbes LLC’s holdings in Amazon.com were worth $114,405,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in AMZN. E Fund Management Co. Ltd. boosted its position in shares of Amazon.com by 51.2% during the 4th quarter. E Fund Management Co. Ltd. now owns 175,545 shares of the e-commerce giant’s stock valued at $38,513,000 after acquiring an additional 59,454 shares during the last quarter. Candriam S.C.A. boosted its position in Amazon.com by 11.8% in the 4th quarter. Candriam S.C.A. now owns 2,023,771 shares of the e-commerce giant’s stock valued at $443,995,000 after buying an additional 213,039 shares during the period. Royal Harbor Partners LLC grew its stake in Amazon.com by 1.2% during the 4th quarter. Royal Harbor Partners LLC now owns 17,578 shares of the e-commerce giant’s stock worth $3,856,000 after purchasing an additional 206 shares in the last quarter. Chung Wu Investment Group LLC acquired a new stake in Amazon.com in the fourth quarter valued at approximately $1,085,000. Finally, Vestmark Advisory Solutions Inc. lifted its position in shares of Amazon.com by 9.5% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 83,866 shares of the e-commerce giant’s stock worth $18,399,000 after purchasing an additional 7,257 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Scotiabank boosted their price objective on shares of Amazon.com from $246.00 to $306.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 24th. Citigroup restated a “buy” rating on shares of Amazon.com in a research report on Thursday, February 13th. Raymond James lifted their price target on Amazon.com from $260.00 to $275.00 in a research note on Monday, February 10th. Phillip Securities downgraded shares of Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, February 10th. Finally, Westpark Capital assumed coverage on Amazon.com in a report on Tuesday, April 1st. They issued a “buy” rating and a $280.00 target price on the stock. Two investment analysts have rated the stock with a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $260.53.

Amazon.com Stock Down 4.2 %

Shares of AMZN stock opened at $171.00 on Monday. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The business’s fifty day moving average is $212.18 and its 200-day moving average is $209.22. The stock has a market cap of $1.81 trillion, a PE ratio of 30.92, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Equities analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In related news, CFO Brian T. Olsavsky sold 14,620 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $223.14, for a total value of $3,262,306.80. Following the completion of the transaction, the chief financial officer now directly owns 49,000 shares in the company, valued at approximately $10,933,860. The trade was a 22.98 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 27,500 shares of the firm’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the transaction, the chief executive officer now directly owns 497,067 shares of the company’s stock, valued at approximately $114,459,618.09. This trade represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,798 shares of company stock worth $23,341,803 over the last three months. 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.