Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Smith Salley & Associates

Smith Salley & Associates lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 280,728 shares of the e-commerce giant’s stock after purchasing an additional 10,394 shares during the quarter. Amazon.com accounts for 2.8% of Smith Salley & Associates’ holdings, making the stock its 4th biggest holding. Smith Salley & Associates’ holdings in Amazon.com were worth $42,654,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Register Financial Advisors LLC boosted its holdings in shares of Amazon.com by 14.3% in the 3rd quarter. Register Financial Advisors LLC now owns 5,263 shares of the e-commerce giant’s stock valued at $669,000 after purchasing an additional 657 shares in the last quarter. Wedge Capital Management L L P NC boosted its stake in Amazon.com by 1.0% in the third quarter. Wedge Capital Management L L P NC now owns 14,613 shares of the e-commerce giant’s stock valued at $1,858,000 after buying an additional 148 shares in the last quarter. Cherrydale Wealth Management LLC grew its position in Amazon.com by 14.7% in the fourth quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock valued at $799,000 after acquiring an additional 675 shares during the last quarter. Tompkins Financial Corp raised its stake in Amazon.com by 3.3% during the fourth quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock worth $10,875,000 after acquiring an additional 2,273 shares in the last quarter. Finally, Nicholas Company Inc. lifted its holdings in shares of Amazon.com by 3.9% in the third quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock worth $89,628,000 after acquiring an additional 26,465 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Up 1.5 %

Shares of Amazon.com stock opened at $177.23 on Tuesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. Amazon.com, Inc. has a 52 week low of $101.15 and a 52 week high of $189.77. The stock has a 50 day moving average price of $177.38 and a two-hundred day moving average price of $157.63. The stock has a market capitalization of $1.84 trillion, a PE ratio of 61.11, a price-to-earnings-growth ratio of 1.52 and a beta of 1.17.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The business had revenue of $169.96 billion during the quarter, compared to analyst estimates of $165.96 billion. During the same quarter in the previous year, the business posted $0.21 EPS. Amazon.com’s quarterly revenue was up 13.9% on a year-over-year basis. As a group, equities analysts anticipate that Amazon.com, Inc. will post 4.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on AMZN shares. Morgan Stanley upped their price objective on shares of Amazon.com from $185.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. TD Cowen upped their price target on shares of Amazon.com from $200.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. BMO Capital Markets assumed coverage on Amazon.com in a report on Tuesday, January 9th. They set an “outperform” rating and a $200.00 price objective on the stock. Wells Fargo & Company upped their target price on Amazon.com from $211.00 to $217.00 and gave the stock an “overweight” rating in a report on Monday, April 1st. Finally, JPMorgan Chase & Co. lifted their price target on Amazon.com from $190.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $202.80.

Insider Buying and Selling

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $181.38, for a total transaction of $90,690.00. Following the completion of the transaction, the chief executive officer now owns 130,600 shares in the company, valued at approximately $23,688,228. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $181.38, for a total transaction of $90,690.00. Following the transaction, the chief executive officer now directly owns 130,600 shares in the company, valued at approximately $23,688,228. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of Amazon.com stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the transaction, the insider now directly owns 982,252,968 shares in the company, valued at $167,140,165,034.88. The disclosure for this sale can be found here. Insiders have sold 32,214,010 shares of company stock worth $5,505,889,146 in the last quarter. 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.