Barlow Wealth Partners Inc. Buys 89 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Barlow Wealth Partners Inc. increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,572 shares of the e-commerce giant’s stock after purchasing an additional 89 shares during the quarter. Barlow Wealth Partners Inc.’s holdings in Amazon.com were worth $2,808,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of AMZN. International Assets Investment Management LLC lifted its holdings in Amazon.com by 20,897.2% during the 3rd quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant’s stock worth $72,921,080,000 after buying an additional 38,949,065 shares in the last quarter. Parnassus Investments LLC raised its stake in shares of Amazon.com by 82,457.3% during the third quarter. Parnassus Investments LLC now owns 11,405,294 shares of the e-commerce giant’s stock worth $2,125,148,000 after buying an additional 11,391,479 shares during the last quarter. State Street Corp lifted its holdings in Amazon.com by 3.3% in 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 boosted its stake in Amazon.com by 3.4% in the third quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant’s stock valued at $37,116,341,000 after acquiring an additional 6,545,944 shares during the last quarter. Finally, Wulff Hansen & CO. raised its position in shares of Amazon.com by 20,517.4% during the 2nd quarter. Wulff Hansen & CO. now owns 3,884,325 shares of the e-commerce giant’s stock valued at $750,646,000 after acquiring an additional 3,865,485 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AMZN. The Goldman Sachs Group increased their target price on Amazon.com from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Friday. Tigress Financial boosted their price target on Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a report on Friday, December 20th. Bank of America increased their price objective on Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Barclays boosted their target price on Amazon.com from $235.00 to $265.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Royal Bank of Canada lifted their price target on shares of Amazon.com from $255.00 to $265.00 and gave the company an “outperform” rating in a research note on Friday. Two equities research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $260.20.

Insider Transactions at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the transaction, the director now owns 88,203 shares of the company’s stock, valued at $20,273,459.55. This represents a 4.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $210.00, for a total value of $735,000.00. Following the sale, the chief executive officer now directly owns 524,567 shares in the company, valued at $110,159,070. The trade was a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,026,212 shares of company stock valued at $625,666,424. 10.80% of the stock is currently owned by insiders.

Amazon.com Trading Down 4.1 %

Shares of NASDAQ:AMZN opened at $229.15 on Friday. The business’s 50 day simple moving average is $226.51 and its 200 day simple moving average is $200.30. The company has a market capitalization of $2.41 trillion, a P/E ratio of 49.07, a P/E/G ratio of 1.35 and a beta of 1.15. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. On average, research analysts anticipate that Amazon.com, Inc. will post 5.3 EPS for the current fiscal 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.