Gallagher Capital Advisors LLC Invests $4.50 Million in Amazon.com, Inc. (NASDAQ:AMZN)

Gallagher Capital Advisors LLC acquired a new position in Amazon.com, Inc. (NASDAQ:AMZN) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 20,492 shares of the e-commerce giant’s stock, valued at approximately $4,496,000. Amazon.com accounts for approximately 3.3% of Gallagher Capital Advisors LLC’s investment portfolio, making the stock its 8th largest holding.

Several other large investors also recently made changes to their positions in AMZN. Accordant Advisory Group Inc grew its position in shares of Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after purchasing an additional 100 shares during the last quarter. Compass Planning Associates Inc bought a new stake in Amazon.com during the 4th quarter valued at approximately $51,000. Quattro Financial Advisors LLC boosted its stake in 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 during the period. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Amazon.com in the fourth quarter worth $54,000. Finally, Iron Horse Wealth Management LLC grew its position in Amazon.com by 64.4% in the 4th quarter. Iron Horse Wealth Management LLC now owns 286 shares of the e-commerce giant’s stock worth $63,000 after purchasing an additional 112 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In related news, VP Shelley Reynolds sold 8,833 shares of Amazon.com 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 sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.00. Following the transaction, the chief executive officer now directly owns 509,474 shares of the company’s stock, valued at $95,776,017.26. This trade represents a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 104,798 shares of company stock valued at $23,341,803 over the last 90 days. 10.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

AMZN has been the topic of several recent research reports. Piper Sandler reissued an “overweight” rating and set a $265.00 price objective (up previously from $225.00) on shares of Amazon.com in a report on Friday, February 7th. Sanford C. Bernstein raised their price objective on shares of Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a report on Wednesday, December 18th. Westpark Capital started coverage on Amazon.com in a report on Tuesday, April 1st. They issued a “buy” rating and a $280.00 price target for the company. Tigress Financial boosted their target price on shares of Amazon.com from $245.00 to $290.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. Finally, Benchmark increased their price target on shares of Amazon.com from $215.00 to $265.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Two analysts have rated the stock with a hold rating, forty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $258.19.

Amazon.com Price Performance

AMZN stock opened at $181.22 on Friday. The stock has a market cap of $1.92 trillion, a PE ratio of 32.77, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. The stock has a 50-day moving average price of $205.37 and a two-hundred day moving average price of $208.47. 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 announced its earnings results 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%. Equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.