Adell Harriman & Carpenter Inc. Acquires 7,456 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Adell Harriman & Carpenter Inc. raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 215,506 shares of the e-commerce giant's stock after buying an additional 7,456 shares during the quarter. Amazon.com comprises 3.3% of Adell Harriman & Carpenter Inc.'s holdings, making the stock its 5th largest position. Adell Harriman & Carpenter Inc.'s holdings in Amazon.com were worth $47,280,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. PICTET BANK & TRUST Ltd increased its holdings in shares of Amazon.com by 0.8% during the fourth quarter. PICTET BANK & TRUST Ltd now owns 59,380 shares of the e-commerce giant's stock valued at $13,027,000 after acquiring an additional 475 shares in the last quarter. Bank Pictet & Cie Europe AG grew its position in Amazon.com by 2.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant's stock worth $442,481,000 after purchasing an additional 54,987 shares during the last quarter. Latko Wealth Management Ltd. increased its stake in Amazon.com by 4.3% during the 4th quarter. Latko Wealth Management Ltd. now owns 1,752 shares of the e-commerce giant's stock valued at $384,000 after purchasing an additional 72 shares in the last quarter. Kanawha Capital Management LLC increased its stake in Amazon.com by 7.1% during the 4th quarter. Kanawha Capital Management LLC now owns 65,254 shares of the e-commerce giant's stock valued at $14,316,000 after purchasing an additional 4,317 shares in the last quarter. Finally, Campbell Wealth Management raised its holdings in shares of Amazon.com by 153.8% in the fourth quarter. Campbell Wealth Management now owns 8,389 shares of the e-commerce giant's stock worth $1,840,000 after buying an additional 5,083 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $193.89 on Friday. The stock has a market capitalization of $2.05 trillion, a P/E ratio of 35.06, a PEG ratio of 1.50 and a beta of 1.19. The business has a 50 day simple moving average of $222.18 and a two-hundred day simple moving average of $207.10. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87.

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Amazon.com (NASDAQ:AMZN - Get Free Report) last issued 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 return on equity of 24.25% and a net margin of 9.29%. As a group, analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AMZN. Cantor Fitzgerald reissued an "overweight" rating and issued a $270.00 target price on shares of Amazon.com in a research report on Friday, February 7th. Benchmark boosted their price target on Amazon.com from $215.00 to $265.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. Canaccord Genuity Group restated a "buy" rating on shares of Amazon.com in a research note on Thursday, February 13th. Raymond James lifted their target price on Amazon.com from $260.00 to $275.00 in a report on Monday, February 10th. Finally, Phillip Securities downgraded shares of Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a report on Monday, February 10th. 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.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $260.65.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 5,501 shares of Amazon.com stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the transaction, the chief executive officer now owns 505,318 shares in the company, valued at approximately $115,434,843.92. This trade represents a 1.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Shelley Reynolds sold 8,833 shares of the company's stock in a transaction on Friday, February 21st. The shares were 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 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 disclosure for this sale can be found here. Insiders sold 102,298 shares of company stock valued at $22,871,828 over the last 90 days. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Company 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.

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