Greenspring Advisors LLC Raises Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Greenspring Advisors LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 15.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,384 shares of the e-commerce giant’s stock after acquiring an additional 972 shares during the quarter. Amazon.com comprises about 0.4% of Greenspring Advisors LLC’s holdings, making the stock its 22nd largest holding. Greenspring Advisors LLC’s holdings in Amazon.com were worth $1,620,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. AMF Tjanstepension AB raised its position in shares of Amazon.com by 44.3% in the 3rd quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant’s stock valued at $492,172,000 after purchasing an additional 811,425 shares in the last quarter. Smith Anglin Financial LLC raised its position in shares of Amazon.com by 4.5% in the 3rd quarter. Smith Anglin Financial LLC now owns 43,557 shares of the e-commerce giant’s stock valued at $8,116,000 after purchasing an additional 1,891 shares in the last quarter. Boston Standard Wealth Management LLC raised its position in shares of Amazon.com by 12.7% in the 3rd quarter. Boston Standard Wealth Management LLC now owns 1,204 shares of the e-commerce giant’s stock valued at $224,000 after purchasing an additional 136 shares in the last quarter. Chemistry Wealth Management LLC raised its position in shares of Amazon.com by 1.1% in the 3rd quarter. Chemistry Wealth Management LLC now owns 46,695 shares of the e-commerce giant’s stock valued at $8,701,000 after purchasing an additional 503 shares in the last quarter. Finally, Eagle Rock Investment Company LLC raised its position in shares of Amazon.com by 1.1% in the 3rd quarter. Eagle Rock Investment Company LLC now owns 30,824 shares of the e-commerce giant’s stock valued at $5,743,000 after purchasing an additional 343 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Up 1.7 %

Shares of NASDAQ AMZN opened at $212.32 on Monday. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company has a market cap of $2.25 trillion, a price-to-earnings ratio of 38.39, a P/E/G ratio of 1.50 and a beta of 1.15. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The business has a fifty day simple moving average of $226.44 and a 200-day simple moving average of $206.11.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Sell-side analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of recent analyst reports. Raymond James upped their target price on Amazon.com from $260.00 to $275.00 in a research report on Monday, February 10th. UBS Group upped their price target on Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a research report on Monday, December 16th. TD Cowen upped their price target on Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. DA Davidson upped their price target on Amazon.com from $235.00 to $280.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Finally, Tigress Financial upped their price target on Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Two analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $260.65.

Insider Buying and Selling

In other news, Director Jonathan Rubinstein sold 4,351 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the sale, the director now directly owns 88,203 shares of the company’s stock, valued at $20,273,459.55. This trade represents a 4.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the transaction, the chief executive officer now directly owns 497,067 shares in the company, valued at approximately $114,459,618.09. This represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 106,649 shares of company stock valued at $23,871,905. Corporate insiders own 10.80% of the company’s stock.

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.