Amazon.com, Inc. (NASDAQ:AMZN) Position Lifted by Ferguson Wellman Capital Management Inc.
Ferguson Wellman Capital Management Inc. increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 595,067 shares of the e-commerce giant's stock after purchasing an additional 6,193 shares during the period. Amazon.com accounts for 2.5% of Ferguson Wellman Capital Management Inc.'s investment portfolio, making the stock its 8th biggest position. Ferguson Wellman Capital Management Inc.'s holdings in Amazon.com were worth $130,552,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in AMZN. Elevate Capital Advisors LLC acquired a new stake in Amazon.com in the 4th quarter worth about $4,681,000. GGM Financials LLC lifted its holdings in shares of Amazon.com by 2.1% during the 4th quarter. GGM Financials LLC now owns 2,463 shares of the e-commerce giant's stock worth $540,000 after acquiring an additional 50 shares during the period. Savant Capital LLC boosted its position in shares of Amazon.com by 5.0% in the fourth quarter. Savant Capital LLC now owns 316,376 shares of the e-commerce giant's stock worth $69,410,000 after acquiring an additional 15,122 shares during the last quarter. Burns Matteson Capital Management LLC grew its holdings in Amazon.com by 22.0% in the fourth quarter. Burns Matteson Capital Management LLC now owns 18,540 shares of the e-commerce giant's stock valued at $4,067,000 after purchasing an additional 3,344 shares during the period. Finally, Wagner Wealth Management LLC increased its position in Amazon.com by 5.8% during the fourth quarter. Wagner Wealth Management LLC now owns 5,700 shares of the e-commerce giant's stock worth $1,251,000 after purchasing an additional 315 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have weighed in on the stock. Tigress Financial lifted their price target on shares of Amazon.com from $245.00 to $290.00 and gave the company a "buy" rating in a report on Friday, December 20th. Raymond James lifted their target price on Amazon.com from $260.00 to $275.00 in a report on Monday, February 10th. Barclays upped their price target on Amazon.com from $235.00 to $265.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. Moffett Nathanson lifted their price objective on Amazon.com from $235.00 to $248.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Finally, TD Cowen boosted their target price on Amazon.com from $240.00 to $265.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Two research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Amazon.com has an average rating of "Moderate Buy" and an average target price of $260.65.
View Our Latest Stock Report on AMZN
Shares of NASDAQ AMZN opened at $199.25 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $2.11 trillion, a price-to-earnings ratio of 36.03, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The business has a 50 day simple moving average of $224.11 and a 200-day simple moving average of $206.61.
Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating 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, equities research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.
In related news, CEO Andrew R. Jassy sold 20,784 shares of the business's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the completion of the transaction, the chief executive officer now owns 2,118,886 shares in the company, valued at $467,532,195.90. The trade was a 0.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the sale, the chief executive officer now directly owns 497,067 shares in the company, valued at $114,459,618.09. This represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 106,649 shares of company stock worth $23,871,905 over the last quarter. 10.80% of the stock is owned by company insiders.
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.
Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN - Free Report).
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