Amazon.com, Inc. (NASDAQ:AMZN) is Seven Mile Advisory’s 4th Largest Position

Seven Mile Advisory increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 19.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 32,331 shares of the e-commerce giant’s stock after acquiring an additional 5,262 shares during the quarter. Amazon.com comprises approximately 4.5% of Seven Mile Advisory’s investment portfolio, making the stock its 4th largest holding. Seven Mile Advisory’s holdings in Amazon.com were worth $7,093,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Prudent Man Investment Management Inc. purchased a new stake in Amazon.com during the fourth quarter worth approximately $27,000. Accordant Advisory Group Inc lifted its stake in 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 buying an additional 100 shares during the last quarter. Compass Planning Associates Inc purchased a new stake in Amazon.com in the fourth quarter valued at approximately $51,000. Quattro Financial Advisors LLC lifted its stake in Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after buying an additional 45 shares during the last quarter. Finally, Halbert Hargrove Global Advisors LLC purchased a new stake in Amazon.com in the fourth quarter valued at approximately $54,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other news, VP Shelley Reynolds sold 8,833 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the transaction, the vice president now directly 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 document filed with the SEC, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 27,500 shares of the business’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the transaction, the chief executive officer now directly owns 497,067 shares in the company, valued at approximately $114,459,618.09. The trade was a 5.24 % 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 ninety days. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Trading Down 1.6 %

Shares of AMZN stock opened at $184.42 on Thursday. The stock has a market cap of $1.96 trillion, a price-to-earnings ratio of 33.35, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. 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, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The firm’s 50 day moving average price is $191.39 and its two-hundred day moving average price is $207.74.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. On average, analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AMZN. JMP Securities reduced their price objective on Amazon.com from $285.00 to $240.00 and set a “market outperform” rating for the company in a research note on Monday, April 14th. Canaccord Genuity Group reissued a “buy” rating on shares of Amazon.com in a report on Thursday, February 13th. Wells Fargo & Company dropped their price objective on Amazon.com from $207.00 to $203.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 25th. Oppenheimer dropped their price objective on Amazon.com from $260.00 to $220.00 and set an “outperform” rating on the stock in a report on Monday. Finally, Wolfe Research upped their target price on Amazon.com from $250.00 to $270.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Two analysts have rated the stock with a hold rating and forty-five have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $246.50.

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.