Tortoise Investment Management LLC Purchases 481 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Tortoise Investment Management LLC raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 10.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 5,106 shares of the e-commerce giant’s stock after buying an additional 481 shares during the period. Tortoise Investment Management LLC’s holdings in Amazon.com were worth $1,120,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Accordant Advisory Group Inc grew its position in Amazon.com by 400.0% during the 4th 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 last quarter. Icon Wealth Advisors LLC lifted its position in Amazon.com by 20.5% during the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after purchasing an additional 25,581 shares during the period. Quattro Financial Advisors LLC grew its position 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 worth $51,000 after purchasing an additional 45 shares during the period. Compass Planning Associates Inc acquired a new position in shares of Amazon.com in the 4th quarter valued at about $51,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new stake in Amazon.com during the fourth quarter worth about $54,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Trading Down 5.2 %

NASDAQ:AMZN opened at $181.22 on Friday. The stock has a fifty day moving average price of $205.37 and a 200 day moving average price of $208.47. 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, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The firm 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.

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, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Maxim Group raised their price objective on shares of Amazon.com from $260.00 to $280.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Jefferies Financial Group decreased their price objective on shares of Amazon.com from $275.00 to $250.00 and set a “buy” rating for the company in a research report on Monday, March 31st. Canaccord Genuity Group reaffirmed a “buy” rating on shares of Amazon.com in a report on Thursday, February 13th. DA Davidson boosted their price objective on Amazon.com from $235.00 to $280.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Finally, The Goldman Sachs Group increased their target price on Amazon.com from $240.00 to $255.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Two equities research 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. According to data from MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and an average target price of $258.19.

Insiders Place Their Bets

In related news, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $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 available through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the transaction, the chief executive officer now directly owns 2,118,886 shares in the company, valued at approximately $467,532,195.90. This trade represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 104,798 shares of company stock valued at $23,341,803 in the last ninety days. Insiders own 10.80% of the company’s stock.

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.