Peregrine Asset Advisers Inc. Has $7.68 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Peregrine Asset Advisers Inc. increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 46.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,020 shares of the e-commerce giant’s stock after acquiring an additional 11,111 shares during the period. Amazon.com comprises approximately 2.8% of Peregrine Asset Advisers Inc.’s portfolio, making the stock its 6th biggest holding. Peregrine Asset Advisers Inc.’s holdings in Amazon.com were worth $7,683,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Eubel Brady & Suttman Asset Management Inc. bought a new position in shares of Amazon.com in the fourth quarter valued at approximately $258,000. Dahring Cusmano LLC bought a new position in shares of Amazon.com in the fourth quarter worth $271,000. Blackston Financial Advisory Group LLC increased its holdings in shares of Amazon.com by 7.7% in the fourth quarter. Blackston Financial Advisory Group LLC now owns 12,220 shares of the e-commerce giant’s stock worth $2,681,000 after purchasing an additional 873 shares during the period. VisionPoint Advisory Group LLC increased its holdings in shares of Amazon.com by 30.2% in the fourth quarter. VisionPoint Advisory Group LLC now owns 9,291 shares of the e-commerce giant’s stock worth $2,046,000 after purchasing an additional 2,153 shares during the period. Finally, Outfitter Financial LLC increased its holdings in shares of Amazon.com by 10.2% in the fourth quarter. Outfitter Financial LLC now owns 21,140 shares of the e-commerce giant’s stock worth $4,638,000 after purchasing an additional 1,964 shares during the period. 72.20% of the stock is owned by institutional investors.

Amazon.com Price Performance

Shares of AMZN opened at $196.21 on Friday. The firm has a market cap of $2.08 trillion, a PE ratio of 35.48, a P/E/G ratio of 1.50 and a beta of 1.19. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The firm has a fifty day simple moving average of $218.90 and a two-hundred day simple moving average of $208.19. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping 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%. On average, equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Redburn Atlantic increased their target price on Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Loop Capital raised their price objective on Amazon.com from $275.00 to $285.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Scotiabank increased their target price on shares of Amazon.com from $246.00 to $306.00 and gave the stock a “sector outperform” rating in a report on Friday, January 24th. JMP Securities reiterated a “market outperform” rating and set a $285.00 target price on shares of Amazon.com in a report on Friday, February 7th. Finally, Royal Bank of Canada increased their target price on shares of Amazon.com from $255.00 to $265.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $260.65.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 27,500 shares of the company’s stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 497,067 shares of the company’s stock, valued at approximately $114,459,618.09. This represents a 5.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the completion of the transaction, the chief executive officer now directly owns 2,118,886 shares of the company’s stock, valued at $467,532,195.90. This represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,298 shares of company stock worth $22,871,828 in the last three months. Corporate insiders own 10.80% of the company’s stock.

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.