Guardian Partners Inc. Purchases Shares of 9,273 Amazon.com, Inc. (NASDAQ:AMZN)

Guardian Partners Inc. acquired a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 9,273 shares of the e-commerce giant's stock, valued at approximately $2,060,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Accordant Advisory Group Inc raised its stake in shares of Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after acquiring an additional 100 shares during the period. Icon Wealth Advisors LLC raised its position 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 period. Quattro Financial Advisors LLC raised its position in Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after purchasing an additional 45 shares during the period. Compass Planning Associates Inc acquired a new position in shares of Amazon.com during the fourth quarter worth about $51,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Amazon.com in the fourth quarter worth about $54,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Andrew R. Jassy sold 20,784 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the transaction, the chief executive officer now owns 2,118,886 shares of the company's stock, valued at approximately $467,532,195.90. This trade represents a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Brian T. Olsavsky sold 14,620 shares of the business's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $223.14, for a total transaction of $3,262,306.80. Following the completion of the sale, the chief financial officer now directly owns 49,000 shares of the company's stock, valued at $10,933,860. This represents a 22.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 104,798 shares of company stock worth $23,341,803 in the last three months. 10.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on AMZN. Benchmark boosted their price target on Amazon.com from $215.00 to $265.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Jefferies Financial Group lowered their price target on shares of Amazon.com from $250.00 to $240.00 and set a "buy" rating for the company in a report on Tuesday. Royal Bank of Canada upped their price objective on shares of Amazon.com from $255.00 to $265.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Wolfe Research boosted their price target on Amazon.com from $250.00 to $270.00 and gave the stock an "outperform" rating in a research note on Friday, January 3rd. Finally, Wells Fargo & Company reduced their price target on Amazon.com from $207.00 to $203.00 and set an "equal weight" rating for the company in a report on Tuesday, February 25th. Two investment analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $247.56.

Amazon.com Stock Up 1.3 %

Amazon.com stock traded up $2.45 during trading hours on Friday, hitting $188.99. The company had a trading volume of 36,349,105 shares, compared to its average volume of 41,950,653. The firm's fifty day moving average is $194.27 and its 200-day moving average is $207.70. The firm has a market capitalization of $2.00 trillion, a P/E ratio of 34.18, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two 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.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate 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 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.