Oakworth Capital Inc. grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 211.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,010 shares of the e-commerce giant’s stock after purchasing an additional 686 shares during the period. Oakworth Capital Inc.’s holdings in Amazon.com were worth $1,188,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Whitnell & Co. boosted its position in shares of Amazon.com by 581.3% in the third quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock worth $105,000 after acquiring an additional 93 shares during the last quarter. Vestor Capital LLC raised its holdings in Amazon.com by 10.1% in the second quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock valued at $106,000 after buying an additional 10 shares during the period. Portfolio Solutions LLC purchased a new position in Amazon.com in the fourth quarter valued at approximately $119,000. Mountain Capital Investment Advisors Inc purchased a new position in Amazon.com in the second quarter valued at approximately $121,000. Finally, Endurance Wealth Management Inc. raised its holdings in Amazon.com by 90.9% in the fourth quarter. Endurance Wealth Management Inc. now owns 105 shares of the e-commerce giant’s stock valued at $123,000 after buying an additional 50 shares during the period. 60.21% of the stock is currently owned by institutional investors.
NASDAQ AMZN opened at $1,447.34 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.76 and a current ratio of 1.04. The stock has a market cap of $700,667.69, a price-to-earnings ratio of 318.10, a P/E/G ratio of 6.36 and a beta of 1.54. Amazon.com, Inc. has a 1 year low of $859.02 and a 1 year high of $1,617.54.
Several research firms recently commented on AMZN. Vetr upgraded shares of Amazon.com from a “hold” rating to a “buy” rating and set a $1,655.33 price target on the stock in a report on Thursday, March 15th. Loop Capital set a $1,700.00 price objective on shares of Amazon.com and gave the company a “buy” rating in a research note on Tuesday. JMP Securities reiterated a “neutral” rating and set a $1,600.00 price objective (up previously from $1,475.00) on shares of Amazon.com in a research note on Friday, February 2nd. Royal Bank of Canada reiterated a “buy” rating and set a $1,700.00 price objective on shares of Amazon.com in a research note on Friday, February 2nd. Finally, Canaccord Genuity reiterated a “buy” rating and set a $1,650.00 price objective (up previously from $1,500.00) on shares of Amazon.com in a research note on Friday, February 2nd. Four research analysts have rated the stock with a hold rating, forty-nine have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $1,481.38.
In other Amazon.com news, CEO Jeffrey A. Wilke sold 2,000 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $1,454.37, for a total transaction of $2,908,740.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Shelley Reynolds sold 544 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $1,462.32, for a total value of $795,502.08. Following the sale, the vice president now owns 6,533 shares in the company, valued at approximately $9,553,336.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,214 shares of company stock worth $9,251,120. Corporate insiders own 17.70% of the company’s stock.
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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.
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