D.A. Davidson & CO. Buys 15,914 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

D.A. Davidson & CO. raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 667,557 shares of the e-commerce giant’s stock after purchasing an additional 15,914 shares during the quarter. Amazon.com accounts for about 1.2% of D.A. Davidson & CO.’s holdings, making the stock its 14th biggest holding. D.A. Davidson & CO.’s holdings in Amazon.com were worth $146,455,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in AMZN. Rench Wealth Management Inc. boosted its position in Amazon.com by 7.9% during the 3rd quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant’s stock worth $9,392,000 after buying an additional 3,703 shares during the period. Foundations Investment Advisors LLC raised its stake in shares of Amazon.com by 9.7% during the third quarter. Foundations Investment Advisors LLC now owns 184,594 shares of the e-commerce giant’s stock valued at $34,395,000 after acquiring an additional 16,392 shares during the last quarter. Blankinship & Foster LLC lifted its holdings in shares of Amazon.com by 216.4% during the third quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant’s stock worth $1,291,000 after purchasing an additional 4,740 shares during the period. Umpqua Bank grew its stake in shares of Amazon.com by 0.4% in the third quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant’s stock worth $6,544,000 after purchasing an additional 137 shares during the last quarter. Finally, One Wealth Capital Management LLC acquired a new stake in Amazon.com in the fourth quarter valued at $4,270,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Trading Down 1.1 %

Shares of AMZN stock opened at $195.74 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The company has a market capitalization of $2.07 trillion, a price-to-earnings ratio of 35.40, a PEG ratio of 1.50 and a beta of 1.19. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The company has a 50-day simple moving average of $221.02 and a two-hundred day simple moving average of $207.92.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on AMZN. Needham & Company LLC reaffirmed a “buy” rating and set a $250.00 target price on shares of Amazon.com in a report on Friday, February 7th. Rosenblatt Securities upped their target price on Amazon.com from $236.00 to $287.00 and gave the company a “buy” rating in a report on Friday, February 7th. Maxim Group raised their price target on shares of Amazon.com from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Royal Bank of Canada upped their price objective on shares of Amazon.com from $255.00 to $265.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Finally, Citigroup reissued a “buy” rating on shares of Amazon.com in a research note on Thursday, February 13th. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $260.65.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 5,501 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the completion of the transaction, the chief executive officer now directly owns 505,318 shares of the company’s stock, valued at $115,434,843.92. This represents a 1.08 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP David Zapolsky sold 19,212 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the sale, the senior vice president now owns 49,950 shares of the company’s stock, valued at approximately $10,864,125. The trade was a 27.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,298 shares of company stock worth $22,871,828 in the last quarter. 10.80% of the stock is currently owned by company insiders.

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.