Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Lifted by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 942,338 shares of the e-commerce giant’s stock after buying an additional 21,314 shares during the quarter. Amazon.com accounts for approximately 3.9% of Crestwood Advisors Group LLC’s portfolio, making the stock its 3rd biggest position. Crestwood Advisors Group LLC’s holdings in Amazon.com were worth $206,740,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Rench Wealth Management Inc. boosted its holdings in Amazon.com by 7.9% during the third quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant’s stock worth $9,392,000 after purchasing an additional 3,703 shares during the last quarter. Blankinship & Foster LLC lifted its position in shares of Amazon.com by 216.4% during the 3rd quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant’s stock worth $1,291,000 after buying an additional 4,740 shares in the last quarter. Umpqua Bank boosted its stake in shares of Amazon.com by 0.4% in the 3rd quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant’s stock worth $6,544,000 after buying an additional 137 shares during the last quarter. One Wealth Capital Management LLC bought a new position in shares of Amazon.com in the fourth quarter valued at approximately $4,270,000. Finally, Floyd Financial Group LLC purchased a new stake in shares of Amazon.com during the fourth quarter valued at approximately $4,494,000. 72.20% of the stock is currently owned by institutional investors.

Insider Activity

In other Amazon.com news, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction on 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 completion of the sale, 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 5,501 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total value of $1,256,648.44. Following the sale, the chief executive officer now directly owns 505,318 shares in the company, valued at approximately $115,434,843.92. This represents a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,298 shares of company stock valued at $22,871,828 in the last 90 days. Company insiders own 10.80% of the company’s stock.

Amazon.com Trading Up 1.2 %

Shares of NASDAQ AMZN opened at $205.71 on Wednesday. The stock has a market cap of $2.18 trillion, a P/E ratio of 37.20, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The firm has a 50-day moving average of $218.36 and a 200 day moving average of $208.86.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS 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%. As a group, sell-side analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Ratings Changes

AMZN has been the topic of several research analyst reports. Moffett Nathanson boosted their price objective on Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. DA Davidson boosted their price target on shares of Amazon.com from $235.00 to $280.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Telsey Advisory Group restated an “outperform” rating and set a $275.00 price objective on shares of Amazon.com in a report on Friday, February 7th. Robert W. Baird boosted their target price on shares of Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Finally, Loop Capital raised their price target on shares of Amazon.com from $275.00 to $285.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and an average price target of $260.65.

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.