Amazon.com, Inc. (NASDAQ:AMZN) is Douglass Winthrop Advisors LLC’s 4th Largest Position

Douglass Winthrop Advisors LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,071,891 shares of the e-commerce giant’s stock after purchasing an additional 20,039 shares during the quarter. Amazon.com accounts for approximately 4.6% of Douglass Winthrop Advisors LLC’s portfolio, making the stock its 4th largest holding. Douglass Winthrop Advisors LLC’s holdings in Amazon.com were worth $235,162,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of AMZN. Accordant Advisory Group Inc grew its stake in Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after buying an additional 100 shares during the period. Icon Wealth Advisors LLC boosted its position in Amazon.com by 20.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after purchasing an additional 25,581 shares during the period. Quattro Financial Advisors LLC increased its holdings in Amazon.com by 23.8% in 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 in the last quarter. Compass Planning Associates Inc purchased a new position in Amazon.com in the fourth quarter valued at about $51,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in shares of Amazon.com during the fourth quarter worth about $54,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $167.32 on Tuesday. The firm’s 50-day simple moving average is $197.21 and its 200 day simple moving average is $208.09. The stock has a market cap of $1.77 trillion, a P/E ratio of 30.26, a P/E/G 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.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating 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%. Equities analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AMZN. Rosenblatt Securities raised their target price on Amazon.com from $236.00 to $287.00 and gave the company a “buy” rating in a report on Friday, February 7th. Telsey Advisory Group reiterated an “outperform” rating and set a $275.00 price objective on shares of Amazon.com in a research note on Friday, February 7th. Loop Capital boosted their target price on shares of Amazon.com from $275.00 to $285.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Citigroup lowered their price target on shares of Amazon.com from $273.00 to $225.00 and set a “buy” rating for the company in a report on Monday, April 14th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $265.00 price objective (up previously from $225.00) on shares of Amazon.com in a report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and forty-five have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $249.90.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 27,500 shares of the business’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 8,833 shares of the firm’s stock in a transaction dated 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 owns 119,780 shares of the company’s stock, valued at approximately $26,647,456.60. This trade represents a 6.87 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 104,798 shares of company stock valued at $23,341,803. Corporate 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.