Boyd Watterson Asset Management LLC OH Boosts Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Boyd Watterson Asset Management LLC OH lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 7.9% in the 4th quarter, Holdings Channel reports. The firm owned 29,903 shares of the e-commerce giant’s stock after acquiring an additional 2,193 shares during the period. Amazon.com accounts for 1.8% of Boyd Watterson Asset Management LLC OH’s portfolio, making the stock its 15th biggest holding. Boyd Watterson Asset Management LLC OH’s holdings in Amazon.com were worth $6,560,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Accordant Advisory Group Inc increased its position in Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after acquiring an additional 100 shares during the last quarter. Icon Wealth Advisors LLC increased its position in Amazon.com by 20.5% during the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after acquiring an additional 25,581 shares during the last quarter. Bull Oak Capital LLC purchased a new stake in Amazon.com during the third quarter valued at $45,000. Quattro Financial Advisors LLC increased its position in Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after acquiring an additional 45 shares during the last quarter. Finally, Compass Planning Associates Inc purchased a new stake in Amazon.com during the fourth quarter valued at $51,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of research reports. The Goldman Sachs Group upped their price objective on Amazon.com from $240.00 to $255.00 and gave the company a “buy” rating in a research report 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. Sanford C. Bernstein upped their price target on Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Scotiabank upped their price target on Amazon.com from $246.00 to $306.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 24th. Finally, Piper Sandler restated an “overweight” rating and issued a $265.00 price target (up previously from $225.00) on shares of Amazon.com in a research report on Friday, February 7th. 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 MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $260.65.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the sale, the chief executive officer now directly owns 497,067 shares of the company’s stock, valued at approximately $114,459,618.09. This represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction dated 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 sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $26,647,456.60. The trade was a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 102,298 shares of company stock valued at $22,871,828. 10.80% of the stock is currently owned by insiders.

Amazon.com Stock Up 0.6 %

NASDAQ:AMZN opened at $196.21 on Monday. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The company has a 50-day moving average of $218.90 and a 200 day moving average of $208.44. The firm has a market cap of $2.08 trillion, a PE ratio of 35.48, a price-to-earnings-growth 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.

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

Amazon.com Company 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.