K.J. Harrison & Partners Inc Buys 13,835 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

K.J. Harrison & Partners Inc raised its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 14.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 109,029 shares of the e-commerce giant's stock after purchasing an additional 13,835 shares during the period. Amazon.com comprises about 3.8% of K.J. Harrison & Partners Inc's investment portfolio, making the stock its 3rd largest position. K.J. Harrison & Partners Inc's holdings in Amazon.com were worth $24,010,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of AMZN. New York Life Investment Management LLC lifted its stake in shares of Amazon.com by 7.7% during the fourth quarter. New York Life Investment Management LLC now owns 1,345,690 shares of the e-commerce giant's stock valued at $295,231,000 after buying an additional 96,469 shares during the period. Schnieders Capital Management LLC raised its holdings in Amazon.com by 3.1% in the 4th quarter. Schnieders Capital Management LLC now owns 96,207 shares of the e-commerce giant's stock valued at $21,107,000 after acquiring an additional 2,858 shares during the last quarter. Lineweaver Wealth Advisors LLC lifted its stake in shares of Amazon.com by 9.2% during the 4th quarter. Lineweaver Wealth Advisors LLC now owns 25,199 shares of the e-commerce giant's stock worth $5,529,000 after purchasing an additional 2,121 shares during the period. Allegiance Financial Group Advisory Services LLC boosted its holdings in shares of Amazon.com by 24.3% during the fourth quarter. Allegiance Financial Group Advisory Services LLC now owns 4,669 shares of the e-commerce giant's stock worth $1,024,000 after purchasing an additional 913 shares during the last quarter. Finally, Convergence Financial LLC grew its position in shares of Amazon.com by 0.5% in the fourth quarter. Convergence Financial LLC now owns 29,365 shares of the e-commerce giant's stock valued at $6,442,000 after purchasing an additional 156 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AMZN. Maxim Group increased their target price on Amazon.com from $260.00 to $280.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Sanford C. Bernstein increased their price objective on shares of Amazon.com from $235.00 to $265.00 and gave the stock an "outperform" rating in a report on Wednesday, December 18th. Rosenblatt Securities boosted their target price 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. JPMorgan Chase & Co. upped their price target on shares of Amazon.com from $250.00 to $280.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 18th. Finally, UBS Group lifted their price target on shares of Amazon.com from $230.00 to $264.00 and gave the company a "buy" rating in a report on Monday, December 16th. Two analysts have rated the stock with a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Amazon.com currently has a consensus rating of "Moderate Buy" and a consensus price target of $260.53.

Insider Activity

In other news, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com 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 completion of the transaction, the chief executive officer now directly owns 497,067 shares of the company's stock, valued at approximately $114,459,618.09. The trade was a 5.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the sale, the chief executive officer now 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. In the last ninety days, insiders sold 102,298 shares of company stock worth $22,871,828. 10.80% of the stock is currently owned by insiders.

Amazon.com Stock Up 2.0 %

AMZN stock traded up $3.84 during mid-day trading on Wednesday, hitting $196.01. 52,583,223 shares of the company were exchanged, compared to its average volume of 40,059,232. The company has a market capitalization of $2.08 trillion, a PE ratio of 35.44, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19. The firm has a fifty day simple moving average of $214.60 and a 200 day simple moving average of $209.22. 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 twelve month low of $151.61 and a twelve month high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted 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%. On average, research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.