Amazon.com, Inc. (NASDAQ:AMZN) Position Boosted by Washburn Capital Management Inc.

Washburn Capital Management Inc. increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 28.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,489 shares of the e-commerce giant's stock after acquiring an additional 3,687 shares during the period. Amazon.com comprises about 1.9% of Washburn Capital Management Inc.'s portfolio, making the stock its 9th biggest position. Washburn Capital Management Inc.'s holdings in Amazon.com were worth $3,618,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of AMZN. Accordant Advisory Group Inc increased its stake in shares of 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 buying an additional 100 shares during the period. Icon Wealth Advisors LLC increased its position in Amazon.com by 20.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant's stock valued at $28,000 after acquiring an additional 25,581 shares during the period. Hoese & Co LLP bought a new position in shares of Amazon.com during the third quarter valued at $37,000. Bull Oak Capital LLC acquired a new position in shares of Amazon.com during the third quarter worth $45,000. Finally, Quattro Financial Advisors LLC lifted its holdings in shares of Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock worth $51,000 after purchasing an additional 45 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

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Amazon.com Stock Down 2.4 %

AMZN stock traded down $4.71 during midday trading on Monday, hitting $194.54. The company's stock had a trading volume of 61,927,460 shares, compared to its average volume of 38,893,941. The company has a market cap of $2.06 trillion, a PE ratio of 35.18, a P/E/G ratio of 1.50 and a beta of 1.19. The firm's 50-day moving average is $224.11 and its 200-day moving average is $206.99. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results 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 net margin of 9.29% and a return on equity of 24.25%. On average, equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Citigroup reaffirmed a "buy" rating on shares of Amazon.com in a research report on Thursday, February 13th. Rosenblatt Securities lifted their price objective on Amazon.com from $236.00 to $287.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Wells Fargo & Company decreased their target price on shares of Amazon.com from $207.00 to $203.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 25th. Maxim Group boosted their price target on shares of Amazon.com from $260.00 to $280.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Finally, Jefferies Financial Group increased their price objective on shares of Amazon.com from $235.00 to $275.00 and gave the stock a "buy" rating in a research report on Monday, December 16th. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $260.65.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 5,501 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total value of $1,256,648.44. Following the completion of the sale, the chief executive officer now directly owns 505,318 shares of the company's stock, valued at $115,434,843.92. This represents a 1.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Shelley Reynolds sold 8,833 shares of the firm's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the sale, the vice president now owns 119,780 shares in the company, valued at $26,647,456.60. The trade was a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,298 shares of company stock worth $22,871,828 in the last three months. 10.80% of the stock is currently 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.