Relyea Zuckerberg Hanson LLC Invests $852,000 in Amazon.com, Inc. (NASDAQ:AMZN)

Relyea Zuckerberg Hanson LLC purchased a new position in Amazon.com, Inc. (NASDAQ:AMZN) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 461 shares of the e-commerce giant’s stock, valued at approximately $852,000.

Several other institutional investors and hedge funds also recently modified their holdings of AMZN. Family Management Corp raised its holdings in Amazon.com by 1.0% in the 2nd quarter. Family Management Corp now owns 2,805 shares of the e-commerce giant’s stock worth $5,312,000 after acquiring an additional 28 shares during the last quarter. First Long Island Investors LLC raised its holdings in Amazon.com by 2.5% in the 3rd quarter. First Long Island Investors LLC now owns 16,299 shares of the e-commerce giant’s stock worth $28,294,000 after acquiring an additional 391 shares during the last quarter. Orgel Wealth Management LLC raised its holdings in Amazon.com by 11.9% in the 3rd quarter. Orgel Wealth Management LLC now owns 132 shares of the e-commerce giant’s stock worth $229,000 after acquiring an additional 14 shares during the last quarter. Alta Capital Management LLC raised its holdings in Amazon.com by 24.4% in the 3rd quarter. Alta Capital Management LLC now owns 1,070 shares of the e-commerce giant’s stock worth $1,857,000 after acquiring an additional 210 shares during the last quarter. Finally, Granite Investment Advisors LLC raised its holdings in Amazon.com by 1.2% in the 3rd quarter. Granite Investment Advisors LLC now owns 2,201 shares of the e-commerce giant’s stock worth $3,821,000 after acquiring an additional 27 shares during the last quarter. 55.98% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently weighed in on the stock. Tigress Financial restated a “buy” rating on shares of Amazon.com in a report on Tuesday, December 31st. Wolfe Research assumed coverage on shares of Amazon.com in a report on Tuesday, October 8th. They issued an “outperform” rating and a $2,234.00 price objective for the company. Bernstein Bank assumed coverage on shares of Amazon.com in a report on Friday, January 10th. They issued a “market perform” rating and a $2,050.00 price objective for the company. Goldman Sachs Group restated a “buy” rating on shares of Amazon.com in a report on Friday, October 25th. Finally, Cowen reiterated a “buy” rating and set a $2,400.00 target price on shares of Amazon.com in a research note on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, four have given a hold rating and forty-four have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $2,171.64.

NASDAQ:AMZN opened at $1,862.02 on Thursday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.10 and a quick ratio of 0.84. The firm has a market capitalization of $926.86 billion, a price-to-earnings ratio of 82.79, a price-to-earnings-growth ratio of 2.60 and a beta of 1.50. Amazon.com, Inc. has a one year low of $1,566.76 and a one year high of $2,035.80. The business has a fifty day moving average price of $1,818.23 and a 200-day moving average price of $1,817.94.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 24th. The e-commerce giant reported $4.23 EPS for the quarter, missing the consensus estimate of $4.46 by ($0.23). The company had revenue of $69.98 billion during the quarter, compared to analysts’ expectations of $68.72 billion. Amazon.com had a return on equity of 22.52% and a net margin of 4.27%. The company’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same quarter last year, the company earned $5.75 earnings per share. On average, equities research analysts expect that Amazon.com, Inc. will post 20.51 earnings per share for the current fiscal year.

In related news, Director Judith A. Mcgrath sold 304 shares of the company’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $1,749.91, for a total value of $531,972.64. Following the completion of the transaction, the director now owns 2,324 shares of the company’s stock, valued at approximately $4,066,790.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Jeffrey M. Blackburn sold 3,573 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $1,752.23, for a total transaction of $6,260,717.79. Following the completion of the transaction, the senior vice president now directly owns 50,659 shares of the company’s stock, valued at approximately $88,766,219.57. The disclosure for this sale can be found here. Insiders sold a total of 10,196 shares of company stock valued at $17,869,618 over the last 90 days. 16.10% of the stock is currently owned by company insiders.

Amazon.com Profile

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 third-party sellers through physical stores and online stores.

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

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