Cookson Peirce & Co. Inc. Increases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Cookson Peirce & Co. Inc. lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 385,019 shares of the e-commerce giant's stock after buying an additional 12,144 shares during the period. Amazon.com makes up approximately 3.8% of Cookson Peirce & Co. Inc.'s investment portfolio, making the stock its 4th biggest position. Cookson Peirce & Co. Inc.'s holdings in Amazon.com were worth $84,469,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Accordant Advisory Group Inc increased its holdings in shares of 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 in the last quarter. Icon Wealth Advisors LLC increased 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 valued at $28,000 after purchasing an additional 25,581 shares during the period. Quattro Financial Advisors LLC raised its stake in Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock worth $51,000 after buying an additional 45 shares during the last quarter. Compass Planning Associates Inc acquired a new position in Amazon.com in the fourth quarter valued at approximately $51,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in Amazon.com during the 4th quarter worth approximately $54,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Trading Up 12.0 %

AMZN stock traded up $20.44 during trading on Wednesday, hitting $191.10. 116,421,045 shares of the company traded hands, compared to its average volume of 41,420,713. The company has a 50-day moving average of $206.49 and a 200-day moving average of $208.56. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The firm has a market capitalization of $2.03 trillion, a PE ratio of 34.56, a P/E/G ratio of 1.50 and a beta of 1.39.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating 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%. Analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the transaction, the chief executive officer now directly owns 509,474 shares of the company's stock, valued at approximately $95,776,017.26. The trade was a 0.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm's 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 completion of the sale, the chief executive officer now directly owns 2,118,886 shares of the company's stock, valued at approximately $467,532,195.90. This represents a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 104,798 shares of company stock valued at $23,341,803 in the last quarter. Insiders own 10.80% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Piper Sandler restated an "overweight" rating and set a $265.00 price objective (up from $225.00) on shares of Amazon.com in a research note on Friday, February 7th. Maxim Group lifted their price objective on shares of Amazon.com from $260.00 to $280.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $275.00 price target on shares of Amazon.com in a report on Friday, February 7th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $270.00 price objective on shares of Amazon.com in a research note on Friday, February 7th. Finally, Sanford C. Bernstein boosted their target price on Amazon.com from $235.00 to $265.00 and gave the company an "outperform" rating in a research note on Wednesday, December 18th. Two equities research 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, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $259.04.

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.