Citrine Capital LLC Makes New Investment in Amazon.com, Inc. (NASDAQ:AMZN)

Citrine Capital LLC bought a new stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,211 shares of the e-commerce giant's stock, valued at approximately $266,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of AMZN. Glassy Mountain Advisors Inc. increased its holdings in shares of Amazon.com by 0.4% in the fourth quarter. Glassy Mountain Advisors Inc. now owns 47,734 shares of the e-commerce giant's stock valued at $10,472,000 after purchasing an additional 186 shares during the last quarter. GHP Investment Advisors Inc. grew its holdings in Amazon.com by 7.0% in the 4th quarter. GHP Investment Advisors Inc. now owns 6,455 shares of the e-commerce giant's stock valued at $1,416,000 after buying an additional 422 shares in the last quarter. McHugh Group LLC acquired a new stake in shares of Amazon.com in the 4th quarter worth $4,557,000. Buck Wealth Strategies LLC raised its holdings in shares of Amazon.com by 26.7% during the 4th quarter. Buck Wealth Strategies LLC now owns 57,610 shares of the e-commerce giant's stock worth $12,639,000 after acquiring an additional 12,143 shares during the period. Finally, Greenspring Advisors LLC boosted its position in shares of Amazon.com by 15.2% during the 4th quarter. Greenspring Advisors LLC now owns 7,384 shares of the e-commerce giant's stock valued at $1,620,000 after acquiring an additional 972 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

Shares of AMZN traded down $7.66 during mid-day trading on Thursday, reaching $200.70. 49,660,564 shares of the company's stock were exchanged, compared to its average volume of 37,869,711. The business's fifty day simple moving average is $224.60 and its 200-day simple moving average is $206.46. The stock has a market capitalization of $2.13 trillion, a PE ratio of 36.29, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week 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 earnings per share for the quarter, topping analysts' consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. On average, equities research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AMZN. UBS Group raised their price objective on shares of Amazon.com from $230.00 to $264.00 and gave the stock a "buy" rating in a research report on Monday, December 16th. JMP Securities restated a "market outperform" rating and set a $285.00 price target on shares of Amazon.com in a research note on Friday, February 7th. TD Cowen lifted their price objective on Amazon.com from $240.00 to $265.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. boosted their price objective on Amazon.com from $250.00 to $280.00 and gave the company an "overweight" rating in a report on Wednesday, December 18th. Finally, Telsey Advisory Group restated an "outperform" rating and set a $275.00 target price on shares of Amazon.com in a report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $260.65.

Insider Transactions at Amazon.com

In other news, Director Jonathan Rubinstein sold 4,351 shares of the company's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the sale, the director now owns 88,203 shares in the company, valued at $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas J. Herrington sold 5,501 shares of Amazon.com stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the completion of 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 106,649 shares of company stock worth $23,871,905. Company insiders own 10.80% of the company's stock.

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.