Amazon.com, Inc. (NASDAQ:AMZN) is True North Advisors LLC’s 7th Largest Position

True North Advisors LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 138.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 32,967 shares of the e-commerce giant’s stock after purchasing an additional 19,129 shares during the period. Amazon.com makes up approximately 1.7% of True North Advisors LLC’s investment portfolio, making the stock its 7th biggest position. True North Advisors LLC’s holdings in Amazon.com were worth $7,233,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMZN. Icon Wealth Advisors LLC raised its stake in shares of Amazon.com by 20.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after purchasing an additional 25,581 shares in the last quarter. Hoese & Co LLP acquired a new stake in shares of Amazon.com in the 3rd quarter valued at about $37,000. Bull Oak Capital LLC acquired a new stake in shares of Amazon.com in the 3rd quarter valued at about $45,000. Values First Advisors Inc. acquired a new stake in shares of Amazon.com in the 3rd quarter valued at about $56,000. Finally, Harbor Investment Advisory LLC raised its stake in shares of Amazon.com by 1.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 301,946 shares of the e-commerce giant’s stock valued at $66,000 after purchasing an additional 3,055 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Robert W. Baird increased their price objective on shares of Amazon.com from $220.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Tigress Financial increased their price objective on shares of Amazon.com from $245.00 to $290.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. Scotiabank increased their price objective on shares of Amazon.com from $246.00 to $306.00 and gave the stock a “sector outperform” rating in a research note on Friday, January 24th. Morgan Stanley increased their price objective on shares of Amazon.com from $230.00 to $280.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Finally, Susquehanna increased their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a research note on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $260.20.

Insider Activity at Amazon.com

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the sale, the director now owns 24,912 shares of the company’s stock, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 5,502 shares of Amazon.com stock in a transaction on Friday, November 15th. The shares were sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the sale, the chief executive officer now directly owns 518,911 shares of the company’s stock, valued at $106,797,072.91. This trade represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,850 shares of company stock worth $6,168,581. 10.80% of the stock is owned by corporate insiders.

Amazon.com Stock Down 4.1 %

Shares of NASDAQ:AMZN opened at $229.15 on Monday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The company has a market cap of $2.41 trillion, a PE ratio of 41.44, a price-to-earnings-growth ratio of 1.36 and a beta of 1.15. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The firm has a 50 day simple moving average of $226.93 and a 200 day simple moving average of $200.72.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 25.49%. As a group, research analysts expect that Amazon.com, Inc. will post 6.24 earnings per share for the current year.

Amazon.com Company 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.