Albion Financial Group UT Boosts Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Albion Financial Group UT increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 193,560 shares of the e-commerce giant’s stock after acquiring an additional 1,704 shares during the period. Amazon.com makes up about 2.4% of Albion Financial Group UT’s holdings, making the stock its 9th biggest position. Albion Financial Group UT’s holdings in Amazon.com were worth $29,410,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Soltis Investment Advisors LLC increased its holdings in Amazon.com by 6.2% during the 4th quarter. Soltis Investment Advisors LLC now owns 108,578 shares of the e-commerce giant’s stock worth $16,497,000 after acquiring an additional 6,317 shares during the period. Vivid Wealth Management LLC bought a new position in shares of Amazon.com in the 4th quarter worth $4,458,000. Stiles Financial Services Inc increased its holdings in shares of Amazon.com by 3.3% in the 4th quarter. Stiles Financial Services Inc now owns 39,725 shares of the e-commerce giant’s stock worth $6,036,000 after buying an additional 1,275 shares during the last quarter. Keener Financial Planning LLC bought a new position in shares of Amazon.com in the 4th quarter worth $115,000. Finally, Harbour Trust & Investment Management Co bought a new position in shares of Amazon.com in the 4th quarter worth $1,478,000. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $20,239,226.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Jonathan Rubinstein sold 12,133 shares of Amazon.com stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $171.00, for a total transaction of $2,074,743.00. Following the sale, the director now owns 115,220 shares in the company, valued at $19,702,620. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at approximately $20,239,226.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,214,010 shares of company stock valued at $5,505,889,146. 10.30% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Royal Bank of Canada increased their price target on shares of Amazon.com from $180.00 to $215.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. UBS Group increased their price target on shares of Amazon.com from $198.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday. Barclays increased their price target on shares of Amazon.com from $190.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Wolfe Research increased their price target on shares of Amazon.com from $195.00 to $205.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Finally, Maxim Group began coverage on shares of Amazon.com in a research note on Wednesday, April 17th. They issued a “buy” rating and a $218.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Amazon.com has a consensus rating of “Buy” and a consensus price target of $205.13.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $179.62 on Friday. The firm’s 50-day moving average price is $177.99 and its 200-day moving average price is $158.79. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. The company has a market cap of $1.87 trillion, a PE ratio of 61.94, a PEG ratio of 1.50 and a beta of 1.16. Amazon.com, Inc. has a 52-week low of $101.15 and a 52-week high of $189.77.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. The company had revenue of $169.96 billion for the quarter, compared to the consensus estimate of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The firm’s revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.21 earnings per share. As a group, analysts anticipate that Amazon.com, Inc. will post 4.11 EPS for the current 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.