Gilbert & Cook Inc. Increases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Gilbert & Cook Inc. boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 24.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 27,714 shares of the e-commerce giant’s stock after acquiring an additional 5,502 shares during the quarter. Amazon.com comprises 0.6% of Gilbert & Cook Inc.’s holdings, making the stock its 15th biggest position. Gilbert & Cook Inc.’s holdings in Amazon.com were worth $3,523,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Meridian Investment Counsel Inc. boosted its stake in shares of Amazon.com by 3.4% in the first quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock valued at $492,000 after buying an additional 5 shares in the last quarter. Alterna Wealth Management Inc. boosted its stake in shares of Amazon.com by 1.8% in the first quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock valued at $942,000 after buying an additional 5 shares in the last quarter. Fiduciary Planning LLC boosted its stake in shares of Amazon.com by 1.5% in the first quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock valued at $1,138,000 after buying an additional 5 shares in the last quarter. HBC Financial Services PLLC boosted its stake in shares of Amazon.com by 0.8% in the first quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock valued at $1,717,000 after buying an additional 5 shares in the last quarter. Finally, Archetype Wealth Partners boosted its position in Amazon.com by 3.7% during the first quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock worth $552,000 after purchasing an additional 6 shares in the last quarter. Institutional investors and hedge funds own 57.96% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on AMZN shares. Wells Fargo & Company boosted their target price on Amazon.com from $197.00 to $211.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Bank of America boosted their price target on Amazon.com from $185.00 to $204.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Stifel Nicolaus boosted their price target on Amazon.com from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. UBS Group boosted their price target on Amazon.com from $180.00 to $198.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Finally, Monness Crespi & Hardt boosted their price target on Amazon.com from $170.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com has an average rating of “Buy” and a consensus price target of $197.95.

Read Our Latest Report on AMZN

Amazon.com Stock Down 0.7 %

Shares of Amazon.com stock opened at $169.15 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The business’s 50 day simple moving average is $152.91 and its 200-day simple moving average is $141.39. The stock has a market capitalization of $1.75 trillion, a price-to-earnings ratio of 58.33, a PEG ratio of 1.62 and a beta of 1.14. Amazon.com, Inc. has a twelve month low of $88.12 and a twelve month high of $172.50.

Amazon.com (NASDAQ:AMZNGet Free Report) last posted its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating the consensus estimate of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The firm had revenue of $169.96 billion for the quarter, compared to analysts’ expectations of $165.96 billion. During the same period last year, the firm earned $0.21 EPS. The firm’s revenue was up 13.9% compared to the same quarter last year. Equities research analysts forecast that Amazon.com, Inc. will post 3.72 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In other news, CEO Adam Selipsky sold 10,756 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $144.60, for a total transaction of $1,555,317.60. Following the completion of the sale, the chief executive officer now directly owns 117,904 shares of the company’s stock, valued at approximately $17,048,918.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, SVP David Zapolsky sold 6,720 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $143.15, for a total transaction of $961,968.00. Following the completion of the sale, the senior vice president now directly owns 71,660 shares of the company’s stock, valued at approximately $10,258,129. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Adam Selipsky sold 10,756 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $144.60, for a total value of $1,555,317.60. Following the sale, the chief executive officer now directly owns 117,904 shares of the company’s stock, valued at $17,048,918.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 61,829 shares of company stock valued at $8,885,713. 12.70% of the stock is owned by corporate insiders.

Amazon.com Profile

(Free Report)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.

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

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