Washburn Capital Management Inc. Buys 3,687 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

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

Several equities research analysts have recently commented on AMZN shares. JPMorgan Chase & Co. lifted their price target on shares of Amazon.com from $250.00 to $280.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Sanford C. Bernstein lifted their target price on shares of Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a report on Wednesday, December 18th. DA Davidson increased their price target on Amazon.com from $235.00 to $280.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Telsey Advisory Group restated an “outperform” rating and issued a $275.00 price target on shares of Amazon.com in a research report on Friday, February 7th. Finally, Citigroup reiterated a “buy” rating on shares of Amazon.com in a report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $260.65.

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) 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.