Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Boosted by Holderness Investments Co.

Holderness Investments Co. raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 73,028 shares of the e-commerce giant’s stock after acquiring an additional 745 shares during the period. Amazon.com makes up 3.5% of Holderness Investments Co.’s investment portfolio, making the stock its 4th biggest holding. Holderness Investments Co.’s holdings in Amazon.com were worth $16,022,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Whittier Trust Co. boosted its holdings in shares of Amazon.com by 1.4% in the fourth quarter. Whittier Trust Co. now owns 1,107,513 shares of the e-commerce giant’s stock valued at $242,977,000 after acquiring an additional 14,913 shares in the last quarter. Elevate Wealth Advisory Inc. boosted its holdings in 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 increased its position in 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 period. Certus Wealth Management LLC acquired a new stake in shares of Amazon.com in the 4th quarter valued at approximately $234,000. Finally, Northwest & Ethical Investments L.P. boosted its stake in shares of Amazon.com by 47.5% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 278,489 shares of the e-commerce giant’s stock valued at $61,096,000 after buying an additional 89,634 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on AMZN. Cantor Fitzgerald decreased 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 report on Wednesday, April 16th. Phillip Securities downgraded shares of Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, February 10th. Bank of America dropped their price objective on Amazon.com from $257.00 to $225.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th. Maxim Group upped their target price on Amazon.com from $260.00 to $280.00 and gave the company a “buy” rating in a report on Friday, February 7th. Finally, Truist Financial cut their price target on Amazon.com from $265.00 to $230.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Two equities research analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $249.90.

Amazon.com Trading Down 3.1 %

NASDAQ AMZN opened at $167.32 on Tuesday. The firm has a market capitalization of $1.77 trillion, a PE ratio of 30.26, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a 50-day simple moving average of $197.21 and a 200-day simple moving average of $208.09. 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 results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates 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 forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Transactions at Amazon.com

In related news, 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 transaction of $4,585,989.60. Following the sale, the chief executive officer now directly owns 2,118,886 shares in the company, valued at $467,532,195.90. The trade was a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the transaction, the chief executive officer now directly owns 509,474 shares in the company, valued at approximately $95,776,017.26. The trade was a 0.49 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, 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.