Ballast Advisors LLC Boosts Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Ballast Advisors LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,609 shares of the e-commerce giant’s stock after purchasing an additional 130 shares during the period. Amazon.com accounts for about 1.4% of Ballast Advisors LLC’s holdings, making the stock its 16th biggest position. Ballast Advisors LLC’s holdings in Amazon.com were worth $4,521,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Accordant Advisory Group Inc raised its position in Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after acquiring an additional 100 shares during the period. Icon Wealth Advisors LLC increased its stake in shares of Amazon.com by 20.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after purchasing an additional 25,581 shares during the last quarter. Quattro Financial Advisors LLC lifted its stake in Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after purchasing an additional 45 shares during the last quarter. Compass Planning Associates Inc bought a new position in Amazon.com during the fourth quarter valued at $51,000. Finally, Halbert Hargrove Global Advisors LLC bought a new stake in shares of Amazon.com in the fourth quarter valued at $54,000. 72.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on AMZN shares. Rosenblatt Securities lifted their price objective on Amazon.com from $236.00 to $287.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Scotiabank dropped their price target on shares of Amazon.com from $306.00 to $250.00 and set a “sector outperform” rating on the stock in a research note on Monday. Phillip Securities lowered shares of Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, February 10th. Morgan Stanley dropped their target price on Amazon.com from $280.00 to $245.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. Finally, JMP Securities decreased their price objective on Amazon.com from $285.00 to $240.00 and set a “market outperform” rating on the stock in a research note on Monday, April 14th. Two research analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $249.90.

Insider Activity

In other Amazon.com 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 directly owns 497,067 shares in the company, valued at approximately $114,459,618.09. This represents a 5.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the business’s 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 transaction, the chief executive officer now owns 2,118,886 shares in the company, valued at $467,532,195.90. This represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 104,798 shares of company stock valued at $23,341,803. Company insiders own 10.80% of the company’s stock.

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 P/E ratio of 30.26, a P/E/G 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 quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The company has a fifty day moving average of $197.21 and a 200 day moving average of $208.09.

Amazon.com (NASDAQ:AMZN) last posted its 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 return on equity of 24.25% and a net margin of 9.29%. On average, research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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.