Howe & Rusling Inc. Buys 1,382 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Howe & Rusling Inc. increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 129,877 shares of the e-commerce giant's stock after purchasing an additional 1,382 shares during the quarter. Amazon.com accounts for 2.5% of Howe & Rusling Inc.'s holdings, making the stock its 10th largest holding. Howe & Rusling Inc.'s holdings in Amazon.com were worth $28,494,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Accordant Advisory Group Inc lifted its stake in 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 purchasing an additional 100 shares during the last quarter. Icon Wealth Advisors LLC raised its stake 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 worth $28,000 after acquiring an additional 25,581 shares in the last quarter. Quattro Financial Advisors LLC lifted 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 acquiring 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 $51,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new position in shares of Amazon.com during the fourth quarter worth about $54,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on AMZN shares. Canaccord Genuity Group reissued a "buy" rating on shares of Amazon.com in a report on Thursday, February 13th. Mizuho decreased their price objective on Amazon.com from $285.00 to $255.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Telsey Advisory Group lowered their target price on shares of Amazon.com from $275.00 to $235.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Cantor Fitzgerald reduced their price target on shares of Amazon.com from $270.00 to $230.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Finally, Citigroup lowered their price objective on shares of Amazon.com from $273.00 to $225.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Two analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the stock. Based on data from MarketBeat, Amazon.com presently has a consensus rating of "Moderate Buy" and an average target price of $247.56.

Insider Activity at Amazon.com

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

Amazon.com Trading Up 1.3 %

Shares of Amazon.com stock opened at $188.99 on Monday. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year 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. The business has a 50 day moving average price of $193.52 and a 200 day moving average price of $208.05. The company has a market capitalization of $2.00 trillion, a P/E ratio of 34.18, 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 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 return on equity of 24.25% and a net margin of 9.29%. Sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.

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