Howe & Rusling Inc. Acquires 3,351 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Howe & Rusling Inc. grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 102,470 shares of the e-commerce giant’s stock after buying an additional 3,351 shares during the period. Amazon.com accounts for approximately 1.7% of Howe & Rusling Inc.’s holdings, making the stock its 14th biggest position. Howe & Rusling Inc.’s holdings in Amazon.com were worth $15,569,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Rowlandmiller & PARTNERS.ADV boosted its stake in Amazon.com by 6.8% in the 3rd quarter. Rowlandmiller & PARTNERS.ADV now owns 10,020 shares of the e-commerce giant’s stock worth $1,274,000 after purchasing an additional 635 shares in the last quarter. Kanawha Capital Management LLC boosted its stake in Amazon.com by 1.4% in the 3rd quarter. Kanawha Capital Management LLC now owns 32,783 shares of the e-commerce giant’s stock worth $4,167,000 after purchasing an additional 450 shares in the last quarter. NBT Bank N A NY lifted its stake in Amazon.com by 554.7% during the 3rd quarter. NBT Bank N A NY now owns 137,155 shares of the e-commerce giant’s stock valued at $17,435,000 after acquiring an additional 116,205 shares during the period. River Street Advisors LLC lifted its stake in Amazon.com by 2.3% during the 3rd quarter. River Street Advisors LLC now owns 8,349 shares of the e-commerce giant’s stock valued at $1,061,000 after acquiring an additional 189 shares during the period. Finally, Chicago Partners Investment Group LLC lifted its stake in Amazon.com by 1.4% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 100,246 shares of the e-commerce giant’s stock valued at $12,687,000 after acquiring an additional 1,370 shares during the period. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

AMZN stock opened at $181.05 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The business’s fifty day simple moving average is $181.91 and its two-hundred day simple moving average is $165.77. Amazon.com, Inc. has a twelve month low of $114.31 and a twelve month high of $191.70. The firm has a market cap of $1.88 trillion, a price-to-earnings ratio of 50.71, a PEG ratio of 1.32 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating the consensus estimate of $0.83 by $0.15. The firm had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.31 earnings per share. Analysts predict that Amazon.com, Inc. will post 4.67 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 5,264 shares of Amazon.com stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $190.00, for a total value of $1,000,160.00. Following the transaction, the director now owns 104,400 shares in the company, valued at $19,836,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Amazon.com news, CEO Andrew R. Jassy sold 50,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $180.00, for a total value of $9,000,000.00. Following the completion of the sale, the chief executive officer now owns 1,994,182 shares of the company’s stock, valued at $358,952,760. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Jonathan Rubinstein sold 5,264 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $190.00, for a total value of $1,000,160.00. Following the completion of the sale, the director now directly owns 104,400 shares of the company’s stock, valued at approximately $19,836,000. The disclosure for this sale can be found here. Insiders have sold 117,894 shares of company stock worth $21,363,909 over the last quarter. Insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on AMZN shares. Deutsche Bank Aktiengesellschaft upped their price target on shares of Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Evercore ISI upped their price target on shares of Amazon.com from $220.00 to $225.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Susquehanna upped their price target on shares of Amazon.com from $185.00 to $220.00 and gave the company a “positive” rating in a research report on Friday, February 2nd. BMO Capital Markets upped their price target on shares of Amazon.com from $215.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Finally, Moffett Nathanson reissued a “buy” rating and issued a $228.00 target price on shares of Amazon.com in a report on Thursday, April 11th. One investment analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $211.62.

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.