SeaBridge Investment Advisors LLC Raises Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

SeaBridge Investment Advisors LLC boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 16.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,043 shares of the e-commerce giant’s stock after buying an additional 2,764 shares during the quarter. SeaBridge Investment Advisors LLC’s holdings in Amazon.com were worth $3,045,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of AMZN. Sound Income Strategies LLC grew its stake in shares of Amazon.com by 11.1% during the 3rd quarter. Sound Income Strategies LLC now owns 34,542 shares of the e-commerce giant’s stock valued at $4,391,000 after purchasing an additional 3,450 shares during the period. Mayflower Financial Advisors LLC grew its stake in shares of Amazon.com by 0.3% during the 3rd quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock valued at $25,000 after purchasing an additional 572 shares during the period. Wealthcare Advisory Partners LLC grew its stake in shares of Amazon.com by 4.5% during the 3rd quarter. Wealthcare Advisory Partners LLC now owns 59,576 shares of the e-commerce giant’s stock valued at $7,573,000 after purchasing an additional 2,575 shares during the period. McGuire Investment Group LLC grew its stake in shares of Amazon.com by 3.3% during the 3rd quarter. McGuire Investment Group LLC now owns 27,605 shares of the e-commerce giant’s stock valued at $3,509,000 after purchasing an additional 885 shares during the period. Finally, Wealthcare Capital Management LLC grew its stake in shares of Amazon.com by 13.9% during the 3rd quarter. Wealthcare Capital Management LLC now owns 3,632 shares of the e-commerce giant’s stock valued at $462,000 after acquiring an additional 443 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. JMP Securities boosted their price objective on Amazon.com from $175.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Deutsche Bank Aktiengesellschaft boosted their price objective on Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Maxim Group assumed coverage on Amazon.com in a research note on Wednesday, April 17th. They set a “buy” rating and a $218.00 price objective for the company. Stifel Nicolaus boosted their price objective on Amazon.com from $200.00 to $224.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Finally, Canaccord Genuity Group boosted their price objective on Amazon.com from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $203.13.

Amazon.com Stock Up 1.3 %

Shares of AMZN opened at $179.54 on Wednesday. The company has a market cap of $1.87 trillion, a PE ratio of 61.91, a P/E/G ratio of 1.52 and a beta of 1.17. The business has a fifty day moving average of $177.60 and a 200 day moving average of $157.99. Amazon.com, Inc. has a 52-week low of $101.15 and a 52-week high of $189.77. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, topping 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 business had revenue of $169.96 billion during the quarter, compared to the consensus estimate of $165.96 billion. During the same period last year, the company earned $0.21 earnings per share. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. On average, sell-side analysts expect that Amazon.com, Inc. will post 4.1 EPS for the current year.

Insider Transactions at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $181.38, for a total transaction of $90,690.00. Following the completion of the sale, the chief executive officer now directly owns 130,600 shares in the company, valued at $23,688,228. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $181.38, for a total transaction of $90,690.00. Following the completion of the sale, the chief executive officer now directly owns 130,600 shares in the company, valued at $23,688,228. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $20,239,226.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,214,010 shares of company stock worth $5,505,889,146. 10.80% of the stock is currently owned by insiders.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.