Amazon.com, Inc. (NASDAQ:AMZN) Position Lifted by Everett Harris & Co. CA

Everett Harris & Co. CA raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,035,659 shares of the e-commerce giant’s stock after acquiring an additional 15,233 shares during the quarter. Amazon.com makes up 2.9% of Everett Harris & Co. CA’s portfolio, making the stock its 7th largest holding. Everett Harris & Co. CA’s holdings in Amazon.com were worth $227,213,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Fiera Capital Corp lifted its stake in shares of Amazon.com by 12.5% during the 2nd quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock valued at $77,515,000 after buying an additional 44,615 shares in the last quarter. Beck Bode LLC purchased a new position in shares of Amazon.com during the 2nd quarter valued at $651,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Amazon.com during the 2nd quarter valued at $3,243,000. Ameriprise Financial Inc. lifted its stake in shares of Amazon.com by 3.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 40,973,804 shares of the e-commerce giant’s stock valued at $7,917,906,000 after buying an additional 1,329,150 shares in the last quarter. Finally, Employees Retirement System of Texas lifted its stake in shares of Amazon.com by 1.6% during the 2nd quarter. Employees Retirement System of Texas now owns 1,843,015 shares of the e-commerce giant’s stock valued at $356,163,000 after buying an additional 29,308 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Down 2.8 %

AMZN opened at $216.58 on Friday. The business has a 50 day moving average price of $227.88 and a 200 day moving average price of $204.26. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month 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 firm has a market cap of $2.30 trillion, a P/E ratio of 39.16, a price-to-earnings-growth ratio of 1.54 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping 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%. Research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $210.00, for a total value of $735,000.00. Following the sale, the chief executive officer now directly owns 524,567 shares in the company, valued at $110,159,070. This represents a 0.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the sale, the director now owns 88,203 shares in the company, valued at $20,273,459.55. This trade represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,852 shares of company stock worth $9,324,151. 10.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Scotiabank lifted their target price on shares of Amazon.com from $246.00 to $306.00 and gave the company a “sector outperform” rating in a research note on Friday, January 24th. HSBC lifted their target price on shares of Amazon.com from $225.00 to $270.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Canaccord Genuity Group reiterated a “buy” rating on shares of Amazon.com in a report on Thursday, February 13th. Rosenblatt Securities lifted their price target on shares of Amazon.com from $236.00 to $287.00 and gave the company a “buy” rating in a report on Friday, February 7th. Finally, Benchmark lifted their price target on shares of Amazon.com from $215.00 to $265.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Two research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and a consensus target price of $260.74.

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.