Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Winthrop Advisory Group LLC

Winthrop Advisory Group LLC lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1,069.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 449,830 shares of the e-commerce giant's stock after purchasing an additional 411,379 shares during the period. Amazon.com makes up 10.8% of Winthrop Advisory Group LLC's holdings, making the stock its 2nd biggest holding. Winthrop Advisory Group LLC's holdings in Amazon.com were worth $98,688,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in AMZN. Stelac Advisory Services LLC grew its stake in shares of Amazon.com by 3.4% during the second quarter. Stelac Advisory Services LLC now owns 4,924 shares of the e-commerce giant's stock worth $952,000 after purchasing an additional 164 shares in the last quarter. Smith Salley Wealth Management raised its position in shares of Amazon.com by 6.7% during the 2nd quarter. Smith Salley Wealth Management now owns 235,717 shares of the e-commerce giant's stock worth $45,552,000 after acquiring an additional 14,769 shares in the last quarter. Braun Stacey Associates Inc. lifted its stake in Amazon.com by 2.3% during the second quarter. Braun Stacey Associates Inc. now owns 524,412 shares of the e-commerce giant's stock worth $101,342,000 after purchasing an additional 11,570 shares during the last quarter. Callahan Advisors LLC raised its holdings in Amazon.com by 2.7% during the second quarter. Callahan Advisors LLC now owns 206,272 shares of the e-commerce giant's stock worth $39,862,000 after purchasing an additional 5,350 shares in the last quarter. Finally, Lawson Kroeker Investment Management Inc. NE acquired a new stake in Amazon.com during the second quarter worth approximately $464,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AMZN. Susquehanna upped their target price on shares of Amazon.com from $220.00 to $230.00 and gave the company a "positive" rating in a report on Friday, November 1st. Wolfe Research raised their price objective on Amazon.com from $250.00 to $270.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. Wells Fargo & Company boosted their target price on Amazon.com from $197.00 to $212.00 and gave the company an "equal weight" rating in a report on Tuesday, January 14th. Oppenheimer boosted their price objective on Amazon.com from $220.00 to $230.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Finally, Benchmark raised their price objective on shares of Amazon.com from $200.00 to $215.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Two research 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 company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $247.72.

Insiders Place Their Bets

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the sale, the director now directly owns 24,912 shares in the company, valued at approximately $4,958,982.72. This represents a 4.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jonathan Rubinstein sold 5,004 shares of the business's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $199.85, for a total value of $1,000,049.40. Following the transaction, the director now owns 99,396 shares in the company, valued at approximately $19,864,290.60. This represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,032,344 shares of company stock worth $1,253,456,822 over the last three months. 10.80% of the stock is owned by insiders.

Amazon.com Trading Up 1.9 %

NASDAQ AMZN traded up $4.30 during trading hours on Wednesday, hitting $235.01. 41,375,972 shares of the company's stock were exchanged, compared to its average volume of 31,919,486. The firm has a market capitalization of $2.47 trillion, a P/E ratio of 50.32, a price-to-earnings-growth ratio of 1.26 and a beta of 1.14. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $235.44. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The business's 50 day moving average is $218.73 and its 200-day moving average is $196.68.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating analysts' consensus estimates of $1.14 by $0.29. The company had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. Amazon.com's revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the business earned $0.85 EPS. As a group, analysts anticipate that Amazon.com, Inc. will post 5.39 EPS for the current fiscal year.

About Amazon.com

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.