Cutler Investment Counsel LLC Has $2.96 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Cutler Investment Counsel LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 8.1% during the fourth quarter, HoldingsChannel reports. The firm owned 13,473 shares of the e-commerce giant’s stock after acquiring an additional 1,010 shares during the period. Cutler Investment Counsel LLC’s holdings in Amazon.com were worth $2,956,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Highview Capital Management LLC DE boosted its holdings in shares of Amazon.com by 5.5% in the fourth quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant’s stock worth $6,357,000 after buying an additional 1,518 shares during the period. 5T Wealth LLC purchased a new stake in shares of Amazon.com in the 4th quarter valued at approximately $1,034,000. Meredith Wealth Planning boosted its stake in Amazon.com by 30.8% in the 4th quarter. Meredith Wealth Planning now owns 5,880 shares of the e-commerce giant’s stock worth $1,290,000 after purchasing an additional 1,384 shares during the period. NTV Asset Management LLC grew its position in Amazon.com by 3.0% during the 4th quarter. NTV Asset Management LLC now owns 30,174 shares of the e-commerce giant’s stock worth $6,620,000 after purchasing an additional 882 shares in the last quarter. Finally, Nicholas Hoffman & Company LLC. lifted its holdings in shares of Amazon.com by 0.4% in the fourth quarter. Nicholas Hoffman & Company LLC. now owns 30,744 shares of the e-commerce giant’s stock valued at $6,745,000 after purchasing an additional 123 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on AMZN. Citigroup reiterated a “buy” rating on shares of Amazon.com in a report on Thursday, February 13th. Needham & Company LLC restated a “buy” rating and set a $250.00 price objective on shares of Amazon.com in a research report on Friday, February 7th. Raymond James upped their target price on Amazon.com from $260.00 to $275.00 in a report on Monday, February 10th. Loop Capital raised their price target on shares of Amazon.com from $275.00 to $285.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Finally, Stifel Nicolaus boosted their price objective on shares of Amazon.com from $245.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $260.65.

Amazon.com Stock Down 1.1 %

AMZN opened at $195.74 on Tuesday. The company 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. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The firm’s fifty day moving average price is $221.02 and its two-hundred day moving average price is $207.92. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52.

Amazon.com (NASDAQ:AMZN) last issued 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%. On average, analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity

In other news, SVP David Zapolsky sold 5,848 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $220.72, for a total value of $1,290,770.56. Following the sale, the senior vice president now owns 69,162 shares in the company, valued at approximately $15,265,436.64. The trade was a 7.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the sale, the chief executive officer now owns 497,067 shares of the company’s stock, valued at $114,459,618.09. This trade represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 102,298 shares of company stock worth $22,871,828. Company insiders own 10.80% of the company’s stock.

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.