Goelzer Investment Management Inc. grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 28.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 306 shares of the e-commerce giant’s stock after buying an additional 67 shares during the quarter. Goelzer Investment Management Inc.’s holdings in Amazon.com were worth $460,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of AMZN. Northwestern Mutual Wealth Management Co. increased its position in Amazon.com by 3.0% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 54,608 shares of the e-commerce giant’s stock worth $109,373,000 after purchasing an additional 1,599 shares during the last quarter. Ironwood Investment Counsel LLC increased its position in Amazon.com by 39.7% during the third quarter. Ironwood Investment Counsel LLC now owns 535 shares of the e-commerce giant’s stock worth $1,071,000 after purchasing an additional 152 shares during the last quarter. Panagora Asset Management Inc. increased its position in Amazon.com by 2.3% during the third quarter. Panagora Asset Management Inc. now owns 447,545 shares of the e-commerce giant’s stock worth $896,433,000 after purchasing an additional 10,119 shares during the last quarter. Lodestar Investment Counsel LLC IL increased its position in Amazon.com by 60.6% during the fourth quarter. Lodestar Investment Counsel LLC IL now owns 959 shares of the e-commerce giant’s stock worth $1,440,000 after purchasing an additional 362 shares during the last quarter. Finally, Barry Investment Advisors LLC acquired a new stake in Amazon.com during the third quarter worth about $214,000. Institutional investors and hedge funds own 56.06% of the company’s stock.
NASDAQ AMZN opened at $1,962.46 on Friday. The company has a quick ratio of 0.83, a current ratio of 1.09 and a debt-to-equity ratio of 0.48. Amazon.com, Inc. has a one year low of $1,307.00 and a one year high of $2,050.50. The company has a market capitalization of $966.18 billion, a PE ratio of 81.94, a price-to-earnings-growth ratio of 2.23 and a beta of 1.62.
In other news, Director Patricia Q. Stonesifer sold 1,375 shares of the firm’s stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $1,602.00, for a total value of $2,202,750.00. Following the completion of the transaction, the director now owns 7,861 shares of the company’s stock, valued at $12,593,322. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Jeffrey M. Blackburn sold 2,055 shares of the firm’s stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $1,616.34, for a total transaction of $3,321,578.70. Following the completion of the transaction, the senior vice president now directly owns 46,596 shares of the company’s stock, valued at approximately $75,314,978.64. The disclosure for this sale can be found here. In the last three months, insiders sold 9,575 shares of company stock valued at $16,638,758. Insiders own 16.30% of the company’s stock.
Several equities research analysts recently issued reports on AMZN shares. Zacks Investment Research cut shares of Amazon.com from a “buy” rating to a “hold” rating in a research report on Monday, January 28th. Wedbush restated an “outperform” rating and set a $2,100.00 price objective (up from $2,000.00) on shares of Amazon.com in a research report on Friday, February 1st. They noted that the move was a valuation call. JPMorgan Chase & Co. restated a “buy” rating on shares of Amazon.com in a research report on Wednesday, January 9th. Pivotal Research started coverage on shares of Amazon.com in a research report on Friday, February 1st. They set a “buy” rating and a $1,920.00 price objective for the company. Finally, BMO Capital Markets raised their price objective on shares of Amazon.com from $2,250.00 to $2,300.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 30th. Four research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company’s stock. Amazon.com presently has a consensus rating of “Buy” and a consensus target price of $2,181.89.
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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 third-party sellers through physical stores and online stores.
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