Crescent Sterling Ltd. Acquires 1,538 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Crescent Sterling Ltd. lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 46.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,840 shares of the e-commerce giant's stock after buying an additional 1,538 shares during the period. Amazon.com makes up approximately 1.1% of Crescent Sterling Ltd.'s investment portfolio, making the stock its 28th biggest position. Crescent Sterling Ltd.'s holdings in Amazon.com were worth $1,062,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Matrix Trust Co acquired a new stake in Amazon.com during the fourth quarter worth about $174,000. Aprio Wealth Management LLC lifted its holdings in shares of Amazon.com by 25.3% during the 4th quarter. Aprio Wealth Management LLC now owns 13,060 shares of the e-commerce giant's stock worth $2,865,000 after acquiring an additional 2,641 shares during the period. Czech National Bank boosted its position in shares of Amazon.com by 6.6% during the 4th quarter. Czech National Bank now owns 2,029,097 shares of the e-commerce giant's stock worth $445,164,000 after acquiring an additional 126,224 shares in the last quarter. Graypoint LLC increased its stake in Amazon.com by 1.6% in the fourth quarter. Graypoint LLC now owns 84,128 shares of the e-commerce giant's stock valued at $18,457,000 after acquiring an additional 1,307 shares during the last quarter. Finally, RMR Wealth Builders raised its position in Amazon.com by 2.5% during the fourth quarter. RMR Wealth Builders now owns 70,423 shares of the e-commerce giant's stock valued at $15,450,000 after purchasing an additional 1,690 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of research analyst reports. Evercore ISI raised their target price on Amazon.com from $240.00 to $260.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Sanford C. Bernstein raised their price objective on Amazon.com from $235.00 to $265.00 and gave the company an "outperform" rating in a research note on Wednesday, December 18th. Bank of America boosted their target price on Amazon.com from $210.00 to $230.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Rosenblatt Securities raised their price target on shares of Amazon.com from $221.00 to $236.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Finally, Truist Financial lifted their price target on shares of Amazon.com from $265.00 to $270.00 and gave the company a "buy" rating in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $247.72.

Amazon.com Stock Up 1.9 %

NASDAQ AMZN traded up $4.30 on Wednesday, hitting $235.01. 41,375,972 shares of the company were exchanged, compared to its average volume of 31,919,486. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The company has a market cap of $2.47 trillion, a PE ratio of 50.32, a PEG ratio of 1.26 and a beta of 1.14. The stock has a fifty day moving average of $218.73 and a 200-day moving average of $196.68. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $235.44.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same period last year, the business posted $0.85 EPS. The firm's revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, analysts forecast that Amazon.com, Inc. will post 5.39 earnings per share for the current year.

Insider Transactions at Amazon.com

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of the business's stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the sale, the director now directly owns 24,912 shares of the company's stock, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the firm's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $208.85, for a total value of $625,790,203.70. Following the completion of the transaction, the insider now owns 917,416,976 shares in the company, valued at $191,602,535,437.60. This represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,032,344 shares of company stock valued at $1,253,456,822 over the last ninety days. 10.80% of the stock is owned by company 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.