Amazon.com, Inc. (NASDAQ:AMZN) is Douglass Winthrop Advisors LLC’s 4th Largest Position

Douglass Winthrop Advisors LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,071,891 shares of the e-commerce giant’s stock after acquiring an additional 20,039 shares during the quarter. Amazon.com accounts for about 4.6% of Douglass Winthrop Advisors LLC’s portfolio, making the stock its 4th largest position. Douglass Winthrop Advisors LLC’s holdings in Amazon.com were worth $235,162,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Holderness Investments Co. increased its stake in shares of Amazon.com by 1.0% during the fourth quarter. Holderness Investments Co. now owns 73,028 shares of the e-commerce giant’s stock worth $16,022,000 after buying an additional 745 shares during the period. Whittier Trust Co. increased its position in shares of Amazon.com by 1.4% in the 4th quarter. Whittier Trust Co. now owns 1,107,513 shares of the e-commerce giant’s stock valued at $242,977,000 after purchasing an additional 14,913 shares during the last quarter. Elevate Wealth Advisory Inc. raised its holdings in shares of Amazon.com by 9.7% in the 4th quarter. Elevate Wealth Advisory Inc. now owns 1,273 shares of the e-commerce giant’s stock valued at $279,000 after purchasing an additional 113 shares in the last quarter. BluePointe Capital Management LLC lifted its position in shares of Amazon.com by 19.8% during the 4th quarter. BluePointe Capital Management LLC now owns 18,224 shares of the e-commerce giant’s stock worth $3,998,000 after purchasing an additional 3,009 shares during the last quarter. Finally, Certus Wealth Management LLC acquired a new position in shares of Amazon.com during the fourth quarter worth $234,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Performance

NASDAQ AMZN opened at $167.32 on Tuesday. 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 stock has a market cap of $1.77 trillion, a price-to-earnings ratio of 30.26, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The business has a fifty day moving average of $197.21 and a 200-day moving average of $208.09.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping 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%. As a group, analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AMZN. Telsey Advisory Group restated an “outperform” rating and issued a $275.00 price target on shares of Amazon.com in a research note on Friday, February 7th. Citigroup cut their target price on Amazon.com from $273.00 to $225.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Barclays upped their price target on Amazon.com from $235.00 to $265.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Jefferies Financial Group cut their price objective on shares of Amazon.com from $275.00 to $250.00 and set a “buy” rating on the stock in a report on Monday, March 31st. Finally, Phillip Securities cut shares of Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, February 10th. Two research analysts have rated the stock with a hold rating and forty-five have given a buy rating to the company’s stock. According to data from MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and an average target price of $249.90.

Insider Buying and Selling at Amazon.com

In related news, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction dated Wednesday, February 12th. The stock was 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. This represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction dated 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 sale, the chief executive officer now owns 2,118,886 shares of the company’s stock, valued at $467,532,195.90. This trade represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 104,798 shares of company stock worth $23,341,803. 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.