By otakuyassine3@gmail.com 
Duncan Williams Asset Management LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 65.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 21,746 shares of the e-commerce giant’s stock after buying an additional 8,623 shares during the quarter. Amazon.com accounts for about 1.9% of Duncan Williams Asset Management LLC’s investment portfolio, making the stock its 12th biggest holding. Duncan Williams Asset Management LLC’s holdings in Amazon.com were worth $4,771,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Rench Wealth Management Inc. raised its holdings in Amazon.com by 7.9% during the third quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant’s stock worth $9,392,000 after purchasing an additional 3,703 shares during the last quarter. Foundations Investment Advisors LLC raised its holdings in 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 worth $34,395,000 after purchasing an additional 16,392 shares during the last quarter. Blankinship & Foster LLC raised its holdings in 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 last quarter. Umpqua Bank raised its holdings in Amazon.com by 0.4% during 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 position in Amazon.com during the fourth quarter worth $4,270,000. 72.20% of the stock is owned by institutional investors and hedge funds.
Amazon.com Trading Up 0.6 %
Shares of AMZN opened at $230.37 on Friday. The stock’s 50-day moving average is $227.98 and its two-hundred day moving average is $201.78. The stock has a market cap of $2.42 trillion, a PE ratio of 41.66, a P/E/G ratio of 1.36 and a beta of 1.15. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87.
Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 25.49% and a net margin of 9.29%. Equities analysts forecast that Amazon.com, Inc. will post 6.24 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the transaction, the director now owns 88,203 shares in the company, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Matthew S. Garman sold 15,260 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $200.19, for a total value of $3,054,899.40. Following the completion of the transaction, the chief executive officer now owns 349,261 shares in the company, valued at approximately $69,918,559.59. This trade represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 24,348 shares of company stock worth $5,036,214 over the last quarter. 10.80% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the company. JMP Securities reaffirmed a “market outperform” rating and set a $285.00 price objective on shares of Amazon.com in a report on Friday, February 7th. Wedbush reissued an “outperform” rating and set a $280.00 price target on shares of Amazon.com in a research report on Friday, February 7th. Jefferies Financial Group raised their price target on Amazon.com from $235.00 to $275.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Raymond James raised their price target on Amazon.com from $260.00 to $275.00 in a research report on Monday. Finally, Citigroup dropped their price target on Amazon.com from $275.00 to $273.00 and set a “buy” rating for the company in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $260.74.
Get Our Latest Research Report on AMZN
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.
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