M.E. Allison & CO. Inc. Takes Position in Amazon.com, Inc. (NASDAQ:AMZN)

M.E. Allison & CO. Inc. bought a new stake in Amazon.com, Inc. (NASDAQ:AMZN) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 6,717 shares of the e-commerce giant’s stock, valued at approximately $1,474,000. Amazon.com accounts for approximately 1.6% of M.E. Allison & CO. Inc.’s portfolio, making the stock its 16th biggest position.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hoese & Co LLP purchased a new stake in shares of Amazon.com during the third quarter worth approximately $37,000. Bull Oak Capital LLC purchased a new position in Amazon.com during the 3rd quarter worth $45,000. Values First Advisors Inc. acquired a new stake in shares of Amazon.com in the 3rd quarter worth $56,000. IFS Advisors LLC boosted its holdings in shares of Amazon.com by 1,625.0% in the fourth quarter. IFS Advisors LLC now owns 345 shares of the e-commerce giant’s stock valued at $76,000 after acquiring an additional 325 shares in the last quarter. Finally, West Financial Advisors LLC acquired a new position in shares of Amazon.com during the fourth quarter worth about $88,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In related news, insider Jeffrey P. Bezos sold 2,996,362 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the transaction, the insider now directly owns 917,416,976 shares of the company’s stock, valued at approximately $191,602,535,437.60. The trade was a 0.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the sale, the director now directly owns 24,912 shares of the company’s stock, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 6,027,340 shares of company stock valued at $1,252,456,773. Company insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AMZN. Needham & Company LLC restated a “buy” rating and issued a $250.00 price objective on shares of Amazon.com in a research report on Tuesday, January 21st. Loop Capital raised their price target on Amazon.com from $225.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. The Goldman Sachs Group upped their price objective on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Oppenheimer raised their target price on Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Roth Mkm upped their price target on shares of Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Two analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $252.56.

View Our Latest Analysis on AMZN

Amazon.com Price Performance

Amazon.com stock opened at $242.06 on Wednesday. The firm has a fifty day moving average of $224.55 and a 200-day moving average of $199.36. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $2.55 trillion, a P/E ratio of 51.83, a PEG ratio of 1.35 and a beta of 1.15.

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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