Amazon.com, Inc. (NASDAQ:AMZN) is Sienna Gestion’s 4th Largest Position

Sienna Gestion raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 818.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 255,507 shares of the e-commerce giant’s stock after buying an additional 227,691 shares during the period. Amazon.com makes up about 3.8% of Sienna Gestion’s holdings, making the stock its 4th biggest holding. Sienna Gestion’s holdings in Amazon.com were worth $56,048,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Accordant Advisory Group Inc boosted its stake in Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after acquiring an additional 100 shares during the last quarter. Icon Wealth Advisors LLC raised its stake in shares of Amazon.com by 20.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after purchasing an additional 25,581 shares in the last quarter. Quattro Financial Advisors LLC lifted its position in shares of Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after purchasing an additional 45 shares during the last quarter. Compass Planning Associates Inc acquired a new position in Amazon.com in the fourth quarter worth about $51,000. Finally, Halbert Hargrove Global Advisors LLC bought a new stake in Amazon.com in the fourth quarter valued at about $54,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AMZN. Citizens Jmp decreased their target price on Amazon.com from $285.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday. Scotiabank lifted their price objective 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. Royal Bank of Canada boosted their target price on shares of Amazon.com from $255.00 to $265.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Sanford C. Bernstein raised their price target on shares of Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Finally, Citigroup lowered their price objective on shares of Amazon.com from $273.00 to $225.00 and set a “buy” rating for the company in a research report on Monday. Two research analysts have rated the stock with a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $253.56.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction 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. The trade was a 5.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $222.47, for a total value of $1,965,077.51. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $26,647,456.60. The trade was a 6.87 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 104,798 shares of company stock valued at $23,341,803. 10.80% of the stock is owned by corporate insiders.

Amazon.com Trading Down 1.4 %

Shares of NASDAQ:AMZN opened at $179.59 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The stock has a market capitalization of $1.90 trillion, a price-to-earnings ratio of 32.48, a PEG ratio of 1.50 and a beta of 1.39. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The company has a 50 day moving average price of $201.96 and a 200 day moving average price of $208.30.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share 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, research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS 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.