Wilkinson Global Asset Management LLC Increases Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Wilkinson Global Asset Management LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 258,010 shares of the e-commerce giant’s stock after buying an additional 457 shares during the quarter. Amazon.com makes up approximately 3.5% of Wilkinson Global Asset Management LLC’s portfolio, making the stock its 12th largest holding. Wilkinson Global Asset Management LLC’s holdings in Amazon.com were worth $56,605,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Convergence Investment Partners LLC boosted its position in Amazon.com by 39.4% during the fourth quarter. Convergence Investment Partners LLC now owns 51,757 shares of the e-commerce giant’s stock worth $11,355,000 after purchasing an additional 14,633 shares during the period. Atlas Legacy Advisors LLC purchased a new stake in Amazon.com during the 4th quarter valued at $3,330,000. Bank of Jackson Hole Trust purchased a new stake in Amazon.com during the 4th quarter valued at $3,542,000. Lorne Steinberg Wealth Management Inc. lifted its position in shares of Amazon.com by 2.4% in the 4th quarter. Lorne Steinberg Wealth Management Inc. now owns 41,613 shares of the e-commerce giant’s stock worth $9,129,000 after purchasing an additional 995 shares during the period. Finally, Klingman & Associates LLC lifted its position in shares of Amazon.com by 2.1% in the 4th quarter. Klingman & Associates LLC now owns 45,094 shares of the e-commerce giant’s stock worth $9,893,000 after purchasing an additional 926 shares during the period. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $195.54 on Thursday. The firm has a market capitalization of $2.07 trillion, a P/E ratio of 35.36, a PEG ratio of 1.50 and a beta of 1.19. 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 company has a 50 day moving average price of $219.90 and a 200 day moving average price of $207.94. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52.

Amazon.com (NASDAQ:AMZN) last posted 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%. Sell-side analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analysts Set New Price Targets

AMZN has been the subject of a number of recent research reports. Benchmark lifted their price target on shares of Amazon.com from $215.00 to $265.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Citigroup restated a “buy” rating on shares of Amazon.com in a research report on Thursday, February 13th. HSBC boosted their target price on shares of Amazon.com from $225.00 to $270.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Wedbush reissued an “outperform” rating and issued a $280.00 target price on shares of Amazon.com in a report on Friday, February 7th. Finally, Jefferies Financial Group boosted their price target on shares of Amazon.com from $235.00 to $275.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $260.65.

Insider Activity at Amazon.com

In other news, CEO Douglas J. Herrington sold 5,501 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the sale, the chief executive officer now owns 505,318 shares of the company’s stock, valued at $115,434,843.92. The trade was a 1.08 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Brian T. Olsavsky sold 14,620 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $223.14, for a total value of $3,262,306.80. Following the completion of the transaction, the chief financial officer now owns 49,000 shares of the company’s stock, valued at $10,933,860. This trade 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 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.