Echo45 Advisors LLC Has $997,000 Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Echo45 Advisors LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 3.5% in the 4th quarter, Holdings Channel reports. The fund owned 6,560 shares of the e-commerce giant’s stock after purchasing an additional 220 shares during the quarter. Amazon.com accounts for 0.8% of Echo45 Advisors LLC’s portfolio, making the stock its 18th biggest position. Echo45 Advisors LLC’s holdings in Amazon.com were worth $997,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of AMZN. Members Trust Co lifted its holdings in shares of Amazon.com by 8.9% in the fourth quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant’s stock valued at $638,000 after purchasing an additional 341 shares in the last quarter. Cherrydale Wealth Management LLC lifted its stake in Amazon.com by 14.7% in the 4th quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock valued at $799,000 after acquiring an additional 675 shares in the last quarter. Tompkins Financial Corp boosted its position in Amazon.com by 3.3% during the 4th quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock worth $10,875,000 after acquiring an additional 2,273 shares during the last quarter. Nicholas Company Inc. grew its stake in shares of Amazon.com by 3.9% during the 3rd quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock worth $89,628,000 after acquiring an additional 26,465 shares in the last quarter. Finally, Nordea Investment Management AB raised its holdings in shares of Amazon.com by 5.4% in the fourth quarter. Nordea Investment Management AB now owns 5,397,520 shares of the e-commerce giant’s stock valued at $825,065,000 after purchasing an additional 277,631 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Insiders Place Their Bets

In other news, insider Jeffrey P. Bezos sold 2,009,208 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $166.79, for a total transaction of $335,115,802.32. Following the sale, the insider now directly owns 938,251,817 shares in the company, valued at $156,491,020,557.43. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Keith Brian Alexander sold 1,000 shares of Amazon.com stock in a transaction on Monday, May 6th. The shares were sold at an average price of $186.22, for a total transaction of $186,220.00. Following the transaction, the director now owns 4,760 shares in the company, valued at $886,407.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jeffrey P. Bezos sold 2,009,208 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $166.79, for a total value of $335,115,802.32. Following the completion of the sale, the insider now owns 938,251,817 shares of the company’s stock, valued at $156,491,020,557.43. The disclosure for this sale can be found here. Insiders sold a total of 26,198,961 shares of company stock valued at $4,482,430,577 in the last 90 days. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on AMZN. Deutsche Bank Aktiengesellschaft increased their target price on shares of Amazon.com from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Rosenblatt Securities restated a “buy” rating and issued a $220.00 price objective on shares of Amazon.com in a report on Wednesday, May 1st. JPMorgan Chase & Co. upped their target price on Amazon.com from $225.00 to $240.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Wells Fargo & Company raised their price target on Amazon.com from $217.00 to $234.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Finally, Sanford C. Bernstein increased their price objective on Amazon.com from $175.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. One 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $211.62.

Amazon.com Trading Down 0.4 %

Shares of Amazon.com stock opened at $188.00 on Thursday. The firm’s 50 day moving average is $179.60 and its 200 day moving average is $161.63. The firm has a market capitalization of $1.96 trillion, a PE ratio of 52.66, a price-to-earnings-growth ratio of 1.35 and a beta of 1.15. Amazon.com, Inc. has a 1 year low of $105.16 and a 1 year high of $189.94. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The firm had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. During the same quarter in the previous year, the firm posted $0.31 earnings per share. The company’s revenue was up 12.5% on a year-over-year basis. Equities research analysts forecast that Amazon.com, Inc. will post 4.67 earnings per share for the current fiscal year.

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.