SlateStone Wealth LLC Grows Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

SlateStone Wealth LLC grew its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,372 shares of the e-commerce giant's stock after acquiring an additional 1,610 shares during the period. Amazon.com accounts for approximately 2.3% of SlateStone Wealth LLC's holdings, making the stock its 5th largest position. SlateStone Wealth LLC's holdings in Amazon.com were worth $23,776,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in AMZN. First National Advisers LLC raised its stake in Amazon.com by 3.4% in the 4th quarter. First National Advisers LLC now owns 94,011 shares of the e-commerce giant's stock valued at $20,625,000 after acquiring an additional 3,115 shares during the period. GWN Securities Inc. bought a new stake in shares of Amazon.com during the 4th quarter worth about $13,141,000. Van Hulzen Asset Management LLC grew its stake in Amazon.com by 1.0% in the 4th quarter. Van Hulzen Asset Management LLC now owns 89,378 shares of the e-commerce giant's stock valued at $19,604,000 after buying an additional 880 shares during the last quarter. Glenview Trust co lifted its position in Amazon.com by 3.4% during the fourth quarter. Glenview Trust co now owns 585,909 shares of the e-commerce giant's stock worth $128,543,000 after acquiring an additional 19,413 shares during the last quarter. Finally, Strategic Financial Partners Ltd. bought a new position in shares of Amazon.com during the fourth quarter worth approximately $275,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Activity

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the company's stock in a transaction dated 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 sale, the chief executive officer now directly owns 2,118,886 shares of the company's stock, valued at $467,532,195.90. This represents a 0.97 % 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 27,500 shares of Amazon.com stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the transaction, the chief executive officer now owns 497,067 shares of the company's stock, valued at $114,459,618.09. The trade was a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 104,798 shares of company stock valued at $23,341,803 in the last three months. Company insiders own 10.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. DA Davidson decreased their price objective on Amazon.com from $280.00 to $230.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Wedbush reissued an "outperform" rating and issued a $280.00 price objective on shares of Amazon.com in a report on Friday, February 7th. Maxim Group lifted their price target on shares of Amazon.com from $260.00 to $280.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft lowered their price objective on Amazon.com from $287.00 to $206.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, JMP Securities reduced their target price on Amazon.com from $285.00 to $240.00 and set a "market outperform" rating on the stock in a report on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $249.90.

Amazon.com Stock Performance

AMZN stock traded down $5.29 during midday trading on Monday, hitting $167.32. The company's stock had a trading volume of 47,976,369 shares, compared to its average volume of 41,753,985. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The stock has a market cap of $1.77 trillion, a price-to-earnings ratio of 30.26, a PEG ratio of 1.50 and a beta of 1.39. The stock's 50-day moving average price is $197.21 and its 200 day moving average price is $208.09. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

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 analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current 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.