Creekmur Asset Management LLC Buys 2,965 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Creekmur Asset Management LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 14.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,739 shares of the e-commerce giant’s stock after purchasing an additional 2,965 shares during the period. Amazon.com makes up approximately 1.2% of Creekmur Asset Management LLC’s holdings, making the stock its 19th largest position. Creekmur Asset Management LLC’s holdings in Amazon.com were worth $5,208,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Amazon.com by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock worth $180,637,081,000 after purchasing an additional 17,635,391 shares during the period. State Street Corp grew its position in Amazon.com by 3.3% during the third quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock valued at $66,926,008,000 after buying an additional 11,370,309 shares during the period. Geode Capital Management LLC increased its holdings in Amazon.com by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant’s stock valued at $44,837,256,000 after buying an additional 5,015,380 shares during the last quarter. Norges Bank purchased a new position in Amazon.com during the fourth quarter valued at $27,266,582,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Amazon.com by 0.8% in the fourth quarter. Bank of New York Mellon Corp now owns 67,092,427 shares of the e-commerce giant’s stock worth $14,719,407,000 after buying an additional 545,292 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on AMZN shares. Barclays reduced their target price on shares of Amazon.com from $265.00 to $240.00 and set an “overweight” rating for the company in a report on Friday. Bank of America decreased their price objective on shares of Amazon.com from $257.00 to $225.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. Canaccord Genuity Group reaffirmed a “buy” rating on shares of Amazon.com in a research note on Thursday, February 13th. UBS Group cut their price objective on Amazon.com from $272.00 to $253.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Wedbush reissued an “outperform” rating and set a $235.00 target price (up previously from $225.00) on shares of Amazon.com in a research report on Friday. Three research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. Based on data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and an average price target of $243.55.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 27,500 shares of the business’s stock in a transaction on 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 $114,459,618.09. The trade was a 5.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction dated 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 approximately $26,647,456.60. This trade represents a 6.87 % 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 valued at $23,341,803. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

AMZN opened at $189.98 on Friday. The firm has a market capitalization of $2.02 trillion, a PE ratio of 34.35, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The business’s 50-day moving average is $190.48 and its two-hundred day moving average is $207.77. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The firm had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter in the previous year, the firm earned $0.98 EPS. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. Research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Amazon.com Company 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.