Everett Harris & Co. CA Increases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Everett Harris & Co. CA raised its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,035,659 shares of the e-commerce giant's stock after purchasing an additional 15,233 shares during the period. Amazon.com comprises approximately 2.9% of Everett Harris & Co. CA's portfolio, making the stock its 7th biggest holding. Everett Harris & Co. CA's holdings in Amazon.com were worth $227,213,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of AMZN. Accordant Advisory Group Inc grew its holdings in Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after purchasing an additional 100 shares during the last quarter. Icon Wealth Advisors LLC grew its holdings in Amazon.com by 20.5% in the third 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 last quarter. Hoese & Co LLP purchased a new stake in shares of Amazon.com in the third quarter valued at $37,000. Bull Oak Capital LLC purchased a new stake in shares of Amazon.com in the third quarter valued at $45,000. Finally, Values First Advisors Inc. purchased a new stake in shares of Amazon.com in the third quarter valued at $56,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AMZN. Cantor Fitzgerald restated an "overweight" rating and issued a $270.00 price objective on shares of Amazon.com in a research report on Friday, February 7th. Wolfe Research upped their price objective on Amazon.com from $250.00 to $270.00 and gave the company an "outperform" rating in a research report on Friday, January 3rd. The Goldman Sachs Group upped their price objective on Amazon.com from $240.00 to $255.00 and gave the company a "buy" rating in a research report on Friday, February 7th. HSBC upped their price objective on Amazon.com from $225.00 to $270.00 and gave the company a "buy" rating in a research report on Monday, January 13th. Finally, BMO Capital Markets restated an "outperform" rating and issued a $236.00 price objective on shares of Amazon.com in a research report on Tuesday, December 3rd. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $260.74.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 3,500 shares of the firm's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $210.00, for a total value of $735,000.00. Following the sale, the chief executive officer now owns 524,567 shares of the company's stock, valued at approximately $110,159,070. This trade represents a 0.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jonathan Rubinstein sold 4,351 shares of the firm'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 value of $1,000,077.35. Following the completion of the sale, the director now directly owns 88,203 shares in the company, valued at approximately $20,273,459.55. This trade represents a 4.70 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,852 shares of company stock valued at $9,324,151. Insiders own 10.80% of the company's stock.

Amazon.com Stock Down 2.8 %

Shares of AMZN stock traded down $6.30 during trading hours on Friday, reaching $216.58. The company had a trading volume of 55,147,843 shares, compared to its average volume of 35,339,464. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The stock's fifty day simple moving average is $227.88 and its 200 day simple moving average is $204.26. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The company has a market capitalization of $2.30 trillion, a P/E ratio of 39.16, a price-to-earnings-growth ratio of 1.54 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its 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%. As a group, sell-side analysts expect 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.