Durante & Waters LLC Invests $1.04 Million in Amazon.com, Inc. (NASDAQ:AMZN)

Durante & Waters LLC acquired a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the fourth quarter, HoldingsChannel reports. The fund acquired 6,871 shares of the e-commerce giant’s stock, valued at approximately $1,044,000. Amazon.com accounts for approximately 1.0% of Durante & Waters LLC’s holdings, making the stock its 16th largest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMZN. Kavar Capital Partners Group LLC boosted its stake in shares of Amazon.com by 7.6% during the first quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock valued at $3,654,000 after purchasing an additional 79 shares in the last quarter. IFM Investors Pty Ltd boosted its stake in shares of Amazon.com by 21.8% during the first quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock valued at $237,686,000 after purchasing an additional 13,060 shares in the last quarter. Ironwood Wealth Management LLC. boosted its stake in shares of Amazon.com by 0.8% during the first quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock valued at $5,901,000 after purchasing an additional 15 shares in the last quarter. Markel Corp boosted its stake in shares of Amazon.com by 0.6% during the first quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock valued at $322,956,000 after purchasing an additional 550 shares in the last quarter. Finally, Leelyn Smith LLC boosted its stake in shares of Amazon.com by 24.8% during the first quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock valued at $8,870,000 after purchasing an additional 540 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $184.00, for a total value of $92,000.00. Following the transaction, the chief executive officer now directly owns 131,600 shares in the company, valued at approximately $24,214,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Douglas J. Herrington sold 20,200 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $169.99, for a total value of $3,433,798.00. Following the sale, the chief executive officer now directly owns 514,131 shares in the company, valued at approximately $87,397,128.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total transaction of $92,000.00. Following the completion of the sale, the chief executive officer now owns 131,600 shares in the company, valued at $24,214,400. The disclosure for this sale can be found here. Insiders have sold 32,214,010 shares of company stock worth $5,505,874,846 in the last ninety days. 12.70% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Truist Financial reiterated a “buy” rating and set a $195.00 price objective on shares of Amazon.com in a research note on Friday, March 22nd. JMP Securities raised their target price on shares of Amazon.com from $175.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Barclays raised their target price on shares of Amazon.com from $190.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Moffett Nathanson restated a “buy” rating and issued a $228.00 target price on shares of Amazon.com in a research note on Thursday, April 11th. Finally, Wells Fargo & Company raised their target price on shares of Amazon.com from $211.00 to $217.00 and gave the company an “overweight” rating in a research note on Monday, April 1st. One research analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $201.43.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $183.62 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84. The firm has a market capitalization of $1.91 trillion, a price-to-earnings ratio of 63.32, a PEG ratio of 1.62 and a beta of 1.17. The company’s 50-day moving average is $176.60 and its two-hundred day moving average is $155.79. Amazon.com, Inc. has a 1-year low of $101.15 and a 1-year high of $189.77.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.19. The company had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. Amazon.com’s revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.21 EPS. Analysts forecast that Amazon.com, Inc. will post 4.08 EPS 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.