Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Venturi Wealth Management LLC

Venturi Wealth Management LLC boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 9.6% during the fourth quarter, Holdings Channel reports. The firm owned 69,199 shares of the e-commerce giant’s stock after buying an additional 6,052 shares during the quarter. Venturi Wealth Management LLC’s holdings in Amazon.com were worth $15,182,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of AMZN. Accordant Advisory Group Inc lifted its stake in Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after buying an additional 100 shares in the last quarter. Quattro Financial Advisors LLC increased its stake in Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after purchasing an additional 45 shares during the last quarter. Bull Oak Capital LLC acquired a new position in shares of Amazon.com during the 3rd quarter valued at about $45,000. Iron Horse Wealth Management LLC raised its stake in Amazon.com by 64.4% during the fourth quarter. Iron Horse Wealth Management LLC now owns 286 shares of the e-commerce giant’s stock worth $63,000 after purchasing an additional 112 shares during the period. Finally, Values First Advisors Inc. acquired a new position in Amazon.com in the third quarter valued at $56,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 27,500 shares of the business’s 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. The trade was a 5.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Brian T. Olsavsky sold 14,620 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $223.14, for a total transaction of $3,262,306.80. Following the transaction, the chief financial officer now directly owns 49,000 shares in the company, valued at $10,933,860. This represents a 22.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 102,298 shares of company stock worth $22,871,828. Insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of research reports. Morgan Stanley upped their price target on shares of Amazon.com from $230.00 to $280.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Sanford C. Bernstein raised their target price on Amazon.com from $235.00 to $265.00 and gave the company an “outperform” rating in a report on Wednesday, December 18th. HSBC upped their price target on Amazon.com from $225.00 to $270.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Robert W. Baird raised their price target on shares of Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $285.00 price objective on shares of Amazon.com in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $260.65.

Amazon.com Stock Down 1.1 %

NASDAQ:AMZN opened at $195.74 on Tuesday. The firm has a market capitalization of $2.07 trillion, a P/E ratio of 35.40, a P/E/G ratio of 1.50 and a beta of 1.19. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The stock’s fifty day simple moving average is $221.02 and its 200-day simple moving average is $207.92. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data 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 expect that Amazon.com, Inc. will post 6.31 earnings per share for the current 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.