Vestmark Advisory Solutions Inc. Grows Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Vestmark Advisory Solutions Inc. boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 9.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 83,866 shares of the e-commerce giant’s stock after purchasing an additional 7,257 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Amazon.com were worth $18,399,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of AMZN. Accordant Advisory Group Inc lifted its holdings in shares of Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after purchasing an additional 100 shares during the period. Compass Planning Associates Inc acquired a new stake in shares of Amazon.com in the 4th quarter worth $51,000. Quattro Financial Advisors LLC lifted its stake in shares of Amazon.com by 23.8% in the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after acquiring an additional 45 shares during the period. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Amazon.com in the fourth quarter valued at about $54,000. Finally, Iron Horse Wealth Management LLC increased its stake in shares of Amazon.com by 64.4% during the fourth quarter. Iron Horse Wealth Management LLC now owns 286 shares of the e-commerce giant’s stock worth $63,000 after acquiring an additional 112 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on AMZN shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $250.00 price objective on shares of Amazon.com in a report on Friday, February 7th. Raymond James lifted their price target on Amazon.com from $260.00 to $275.00 in a research note on Monday, February 10th. Mizuho increased their price objective on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Scotiabank boosted their target price 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. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $270.00 price target on shares of Amazon.com in a report on Friday, February 7th. Two analysts have rated the stock with a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and a consensus price target of $260.53.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $171.00 on Monday. The company has a market cap of $1.81 trillion, a P/E ratio of 30.92, a P/E/G ratio of 1.50 and a beta of 1.39. The firm’s 50 day moving average is $212.18 and its two-hundred day moving average is $209.22. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share 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%. Analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the sale, the chief executive officer now directly owns 509,474 shares in the company, valued at approximately $95,776,017.26. This represents a 0.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 in the company, valued at approximately $26,647,456.60. This represents a 6.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 104,798 shares of company stock worth $23,341,803 in the last three months. 10.80% of the stock is currently owned by company insiders.

Amazon.com Company 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.