Amazon.com, Inc. $AMZN Shares Purchased by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.2% in the fourth quarter, Holdings Channel reports. The fund owned 640,905 shares of the e-commerce giant’s stock after buying an additional 7,892 shares during the quarter. Amazon.com comprises approximately 2.4% of Ferguson Wellman Capital Management Inc.’s investment portfolio, making the stock its 9th biggest holding. Ferguson Wellman Capital Management Inc.’s holdings in Amazon.com were worth $147,934,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in AMZN. Peak Financial Advisors LLC lifted its position in shares of Amazon.com by 10.8% during the 4th quarter. Peak Financial Advisors LLC now owns 20,952 shares of the e-commerce giant’s stock worth $4,836,000 after purchasing an additional 2,037 shares during the last quarter. Silverleafe Capital Partners LLC boosted its stake in Amazon.com by 2.2% during the 4th quarter. Silverleafe Capital Partners LLC now owns 5,035 shares of the e-commerce giant’s stock valued at $1,162,000 after purchasing an additional 110 shares during the period. Perkins Coie Trust Co grew its holdings in Amazon.com by 4.3% in the 4th quarter. Perkins Coie Trust Co now owns 47,953 shares of the e-commerce giant’s stock valued at $11,068,000 after buying an additional 1,991 shares during the last quarter. Thompson Davis & CO. Inc. grew its holdings in Amazon.com by 1.1% in the 4th quarter. Thompson Davis & CO. Inc. now owns 8,171 shares of the e-commerce giant’s stock valued at $1,886,000 after buying an additional 90 shares during the last quarter. Finally, Paragon Advisors LLC increased its position in Amazon.com by 2.3% in the 4th quarter. Paragon Advisors LLC now owns 28,360 shares of the e-commerce giant’s stock worth $6,546,000 after buying an additional 651 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Up 1.1%

AMZN opened at $210.57 on Thursday. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $258.60. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.05 and a quick ratio of 0.88. The firm’s fifty day moving average price is $214.78 and its two-hundred day moving average price is $224.63. The company has a market capitalization of $2.26 trillion, a P/E ratio of 29.37, a P/E/G ratio of 1.56 and a beta of 1.38.

Amazon.com (NASDAQ:AMZNGet Free Report) last announced its quarterly earnings data on Thursday, February 5th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.02). The business had revenue of $213.39 billion during the quarter, compared to analyst estimates of $211.02 billion. Amazon.com had a net margin of 10.83% and a return on equity of 21.87%. The company’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.86 EPS. On average, analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on AMZN. Citigroup upped their price target on Amazon.com from $265.00 to $285.00 and gave the stock a “buy” rating in a report on Wednesday, March 25th. Piper Sandler restated an “overweight” rating and issued a $260.00 price objective (down from $300.00) on shares of Amazon.com in a research note on Friday, February 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $265.00 target price on shares of Amazon.com in a research report on Tuesday, March 17th. Arete Research upped their target price on shares of Amazon.com from $283.00 to $285.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Finally, Rothschild & Co Redburn set a $230.00 price target on shares of Amazon.com in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, fifty-three have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and a consensus price target of $286.57.

Get Our Latest Research Report on Amazon.com

Insiders Place Their Bets

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $205.18, for a total transaction of $4,077,336.96. Following the sale, the chief executive officer directly owned 2,238,118 shares of the company’s stock, valued at approximately $459,217,051.24. The trade was a 0.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Shelley Reynolds sold 2,695 shares of Amazon.com stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $205.90, for a total value of $554,900.50. Following the sale, the vice president directly owned 119,780 shares in the company, valued at $24,662,702. The trade was a 2.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 71,686 shares of company stock valued at $14,688,739 over the last 90 days. Company insiders own 9.70% of the company’s stock.

Key Headlines Impacting Amazon.com

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About Amazon.com

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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