Wilmington Savings Fund Society FSB Purchases 10,651 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Wilmington Savings Fund Society FSB grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 309,329 shares of the e-commerce giant's stock after purchasing an additional 10,651 shares during the period. Amazon.com comprises about 1.2% of Wilmington Savings Fund Society FSB's investment portfolio, making the stock its 12th biggest holding. Wilmington Savings Fund Society FSB's holdings in Amazon.com were worth $67,864,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of AMZN. Strid Group LLC bought a new stake in Amazon.com in the 4th quarter worth approximately $146,000. Windsor Capital Management LLC boosted its stake in shares of Amazon.com by 16.2% in the 4th quarter. Windsor Capital Management LLC now owns 3,322 shares of the e-commerce giant's stock worth $729,000 after buying an additional 462 shares during the last quarter. Serenus Wealth Advisors LLC bought a new stake in shares of Amazon.com in the fourth quarter worth $11,004,000. Kingsview Wealth Management LLC increased its position in Amazon.com by 3.9% during the fourth quarter. Kingsview Wealth Management LLC now owns 495,631 shares of the e-commerce giant's stock valued at $108,736,000 after acquiring an additional 18,557 shares during the last quarter. Finally, Archvest Wealth Advisors Inc. lifted its holdings in Amazon.com by 30.3% in the fourth quarter. Archvest Wealth Advisors Inc. now owns 9,006 shares of the e-commerce giant's stock valued at $1,976,000 after acquiring an additional 2,095 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analysts Set New Price Targets

AMZN has been the topic of several recent research reports. Robert W. Baird lifted their price target on shares of Amazon.com from $220.00 to $260.00 and gave the stock an "outperform" rating in a research note on Friday, December 13th. Wolfe Research boosted their price objective on Amazon.com from $250.00 to $270.00 and gave the company an "outperform" rating in a research note on Friday, January 3rd. JMP Securities restated a "market outperform" rating and set a $285.00 target price on shares of Amazon.com in a research note on Friday, February 7th. Sanford C. Bernstein increased their price objective on shares of Amazon.com from $235.00 to $265.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 18th. Finally, Moffett Nathanson upped their price objective on Amazon.com from $235.00 to $248.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Two analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Amazon.com currently has a consensus rating of "Moderate Buy" and an average target price of $260.65.

Amazon.com Trading Up 2.2 %

Shares of NASDAQ AMZN opened at $208.36 on Thursday. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The firm has a market cap of $2.21 trillion, a PE ratio of 37.68, a price-to-earnings-growth ratio of 1.50 and a beta of 1.15. The business has a fifty day simple moving average of $225.12 and a two-hundred day simple moving average of $206.50. 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 released its quarterly earnings data 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%. Analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the transaction, the director now directly owns 88,203 shares of the company's stock, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 27,500 shares of the company's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the transaction, the chief executive officer now directly owns 497,067 shares in the company, valued at $114,459,618.09. This represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 106,649 shares of company stock valued at $23,871,905 over the last ninety days. 10.80% of the stock is owned by company insiders.

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.

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