Douglass Winthrop Advisors LLC Increases Position in Amazon.com, Inc. (NASDAQ:AMZN)

Douglass Winthrop Advisors LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,022,738 shares of the e-commerce giant’s stock after purchasing an additional 12,888 shares during the quarter. Amazon.com accounts for 3.5% of Douglass Winthrop Advisors LLC’s portfolio, making the stock its 7th largest position. Douglass Winthrop Advisors LLC’s holdings in Amazon.com were worth $155,395,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. IPG Investment Advisors LLC boosted its position in shares of Amazon.com by 2.3% during the fourth quarter. IPG Investment Advisors LLC now owns 145,359 shares of the e-commerce giant’s stock worth $22,086,000 after purchasing an additional 3,309 shares in the last quarter. Human Investing LLC lifted its position in Amazon.com by 7.3% in the 4th quarter. Human Investing LLC now owns 3,152 shares of the e-commerce giant’s stock valued at $479,000 after acquiring an additional 214 shares in the last quarter. United Services Automobile Association lifted its position in Amazon.com by 9.8% in the 4th quarter. United Services Automobile Association now owns 269,348 shares of the e-commerce giant’s stock valued at $40,925,000 after acquiring an additional 24,024 shares in the last quarter. Alta Wealth Advisors LLC lifted its position in Amazon.com by 1.8% in the 4th quarter. Alta Wealth Advisors LLC now owns 15,979 shares of the e-commerce giant’s stock valued at $2,428,000 after acquiring an additional 276 shares in the last quarter. Finally, Sculati Wealth Management LLC lifted its position in Amazon.com by 0.6% in the 4th quarter. Sculati Wealth Management LLC now owns 37,750 shares of the e-commerce giant’s stock valued at $5,736,000 after acquiring an additional 210 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, VP Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total transaction of $489,753.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $21,726,894.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, VP Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total transaction of $489,753.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $21,726,894.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $177.29, for a total transaction of $620,515.00. Following the transaction, the chief executive officer now owns 523,253 shares of the company’s stock, valued at $92,767,524.37. The disclosure for this sale can be found here. Insiders sold a total of 65,838 shares of company stock worth $11,984,344 in the last three months. 10.80% of the stock is owned by corporate insiders.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $184.30 on Friday. The company has a 50 day moving average of $182.53 and a 200-day moving average of $168.83. Amazon.com, Inc. has a 1-year low of $118.35 and a 1-year high of $191.70. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. The company has a market cap of $1.92 trillion, a PE ratio of 51.62, a price-to-earnings-growth ratio of 1.32 and a beta of 1.14.

Amazon.com (NASDAQ:AMZNGet Free Report) last issued its quarterly 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. The company had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.31 EPS. As a group, equities research analysts forecast that Amazon.com, Inc. will post 4.72 earnings per share for the current fiscal year.

Analyst Ratings Changes

AMZN has been the topic of several research reports. JMP Securities reaffirmed a “market outperform” rating and issued a $225.00 price objective on shares of Amazon.com in a research report on Wednesday, May 1st. Loop Capital boosted their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Maxim Group lowered their price target on shares of Amazon.com from $318.00 to $238.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. Raymond James lifted their price target on shares of Amazon.com from $200.00 to $205.00 and gave the company a “strong-buy” rating in a research note on Wednesday, May 1st. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $205.00 price target on shares of Amazon.com in a research note on Wednesday, May 15th. One equities research analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $213.82.

Read Our Latest Report on AMZN

About Amazon.com

(Free Report)

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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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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