Washburn Capital Management Inc. boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 28.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,489 shares of the e-commerce giant’s stock after acquiring an additional 3,687 shares during the quarter. Amazon.com makes up approximately 1.9% of Washburn Capital Management Inc.’s holdings, making the stock its 9th biggest holding. Washburn Capital Management Inc.’s holdings in Amazon.com were worth $3,618,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of AMZN. 17 Capital Partners LLC increased its stake in shares of Amazon.com by 1.7% in the 4th quarter. 17 Capital Partners LLC now owns 10,682 shares of the e-commerce giant’s stock valued at $2,344,000 after buying an additional 180 shares during the period. Compass Financial Services Inc bought a new position in Amazon.com in the fourth quarter valued at about $108,000. Newbridge Financial Services Group Inc. increased its position in Amazon.com by 2.3% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 76,863 shares of the e-commerce giant’s stock worth $16,863,000 after purchasing an additional 1,697 shares during the period. Stephens Inc. AR raised its holdings in Amazon.com by 0.5% during the 4th quarter. Stephens Inc. AR now owns 486,973 shares of the e-commerce giant’s stock worth $106,837,000 after purchasing an additional 2,192 shares during the last quarter. Finally, Howland Capital Management LLC lifted its position in Amazon.com by 2.8% during the 4th quarter. Howland Capital Management LLC now owns 73,394 shares of the e-commerce giant’s stock valued at $16,102,000 after purchasing an additional 1,999 shares during the period. 72.20% of the stock is owned by institutional investors.
Insider Activity
In other Amazon.com news, VP Shelley Reynolds sold 8,833 shares of Amazon.com stock in a transaction on Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $26,647,456.60. The trade was a 6.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the transaction, the director now directly owns 88,203 shares in the company, valued at $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 106,649 shares of company stock valued at $23,871,905. 10.80% of the stock is owned by company insiders.
Analysts Set New Price Targets
View Our Latest Report on AMZN
Amazon.com Trading Down 3.7 %
Shares of Amazon.com stock opened at $200.70 on Friday. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month 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 business’s 50 day moving average is $224.60 and its 200-day moving average is $206.46. The stock has a market cap of $2.13 trillion, a P/E ratio of 36.29, a P/E/G ratio of 1.50 and a beta of 1.19.
Amazon.com (NASDAQ:AMZN – Get Free Report) last posted its quarterly 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 net margin of 9.29% and a return on equity of 24.25%. Equities research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal 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.
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