Durante & Waters LLC Acquires Shares of 6,871 Amazon.com, Inc. (NASDAQ:AMZN)

Durante & Waters LLC acquired a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,871 shares of the e-commerce giant’s stock, valued at approximately $1,044,000. Amazon.com accounts for approximately 1.0% of Durante & Waters LLC’s investment portfolio, making the stock its 16th largest holding.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Kavar Capital Partners Group LLC boosted its holdings in shares of Amazon.com by 7.6% in the first quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock worth $3,654,000 after acquiring an additional 79 shares during the period. IFM Investors Pty Ltd boosted its holdings in shares of Amazon.com by 21.8% in the first quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock worth $237,686,000 after acquiring an additional 13,060 shares during the period. Ironwood Wealth Management LLC. boosted its holdings in shares of Amazon.com by 0.8% in the first quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock worth $5,901,000 after acquiring an additional 15 shares during the period. Markel Corp boosted its holdings in shares of Amazon.com by 0.6% in the first quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock worth $322,956,000 after acquiring an additional 550 shares during the period. Finally, Leelyn Smith LLC boosted its stake in Amazon.com by 24.8% during the first quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock valued at $8,870,000 after buying an additional 540 shares during the period. 72.20% of the stock is owned by institutional investors.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $183.62 on Tuesday. Amazon.com, Inc. has a twelve month low of $101.15 and a twelve month high of $189.77. The firm has a market cap of $1.91 trillion, a P/E ratio of 63.32, a PEG ratio of 1.62 and a beta of 1.17. The company has a 50 day moving average of $176.60 and a 200 day moving average of $155.79. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. The company had revenue of $169.96 billion during the quarter, compared to analyst estimates of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.21 EPS. As a group, research analysts expect that Amazon.com, Inc. will post 4.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. BMO Capital Markets assumed coverage on Amazon.com in a research note on Tuesday, January 9th. They set an “outperform” rating and a $200.00 price objective for the company. Benchmark lifted their price objective on Amazon.com from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Royal Bank of Canada lifted their price objective on Amazon.com from $180.00 to $215.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. JPMorgan Chase & Co. lifted their price objective on Amazon.com from $190.00 to $225.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Finally, Monness Crespi & Hardt lifted their price objective on Amazon.com from $170.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Amazon.com currently has an average rating of “Buy” and an average price target of $201.43.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $152.78, for a total transaction of $76,390.00. Following the completion of the sale, the chief executive officer now directly owns 117,560 shares in the company, valued at approximately $17,960,816.80. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $152.78, for a total transaction of $76,390.00. Following the completion of the sale, the chief executive officer now directly owns 117,560 shares in the company, valued at approximately $17,960,816.80. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $20,239,226.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,214,010 shares of company stock worth $5,505,874,846. Insiders own 12.70% 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.