Van Strum & Towne Inc. Increases Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Van Strum & Towne Inc. boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 23.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,263 shares of the e-commerce giant’s stock after buying an additional 1,595 shares during the period. Van Strum & Towne Inc.’s holdings in Amazon.com were worth $1,813,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Clearstead Trust LLC increased its stake in shares of Amazon.com by 5.4% in the fourth quarter. Clearstead Trust LLC now owns 62,533 shares of the e-commerce giant’s stock worth $13,719,000 after acquiring an additional 3,177 shares during the period. Copperwynd Financial LLC boosted its holdings in Amazon.com by 3.1% in the fourth quarter. Copperwynd Financial LLC now owns 15,457 shares of the e-commerce giant’s stock valued at $3,391,000 after purchasing an additional 465 shares during the last quarter. Greykasell Wealth Strategies Inc. purchased a new stake in Amazon.com in the fourth quarter valued at $5,198,000. Maiden Cove Capital LLC grew its position in Amazon.com by 4.4% during the 4th quarter. Maiden Cove Capital LLC now owns 4,044 shares of the e-commerce giant’s stock worth $887,000 after purchasing an additional 170 shares during the period. Finally, Montis Financial LLC raised its stake in shares of Amazon.com by 17.1% during the 4th quarter. Montis Financial LLC now owns 8,956 shares of the e-commerce giant’s stock valued at $1,965,000 after buying an additional 1,305 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on AMZN shares. Westpark Capital initiated coverage on shares of Amazon.com in a report on Tuesday, April 1st. They set a “buy” rating and a $280.00 target price for the company. DA Davidson dropped their price target on shares of Amazon.com from $280.00 to $230.00 and set a “buy” rating on the stock in a research report on Monday. Raymond James upped their price objective on shares of Amazon.com from $260.00 to $275.00 in a research report on Monday, February 10th. Cantor Fitzgerald lowered their target price on shares of Amazon.com from $270.00 to $230.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Citigroup cut their price target on Amazon.com from $273.00 to $225.00 and set a “buy” rating for the company in a research note on Monday. Two equities research analysts have rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and an average target price of $252.73.

Insiders Place Their Bets

In related news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $220.65, for a total value 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 approximately $467,532,195.90. This represents a 0.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the transaction, the chief executive officer now directly owns 509,474 shares of the company’s stock, valued at $95,776,017.26. This represents a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 104,798 shares of company stock worth $23,341,803. Company insiders own 10.80% of the company’s stock.

Amazon.com Stock Down 2.9 %

Shares of AMZN opened at $174.33 on Thursday. The business’s fifty day moving average price is $200.86 and its two-hundred day moving average price is $208.06. The firm has a market capitalization of $1.85 trillion, a price-to-earnings ratio of 31.52, a PEG ratio of 1.50 and a beta of 1.39. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06.

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