K.J. Harrison & Partners Inc Purchases 13,835 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

K.J. Harrison & Partners Inc boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 14.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 109,029 shares of the e-commerce giant’s stock after acquiring an additional 13,835 shares during the quarter. Amazon.com makes up about 3.8% of K.J. Harrison & Partners Inc’s holdings, making the stock its 3rd largest position. K.J. Harrison & Partners Inc’s holdings in Amazon.com were worth $24,010,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. New York Life Investment Management LLC lifted its holdings in shares of Amazon.com by 7.7% in the 4th quarter. New York Life Investment Management LLC now owns 1,345,690 shares of the e-commerce giant’s stock valued at $295,231,000 after buying an additional 96,469 shares during the period. Schnieders Capital Management LLC raised its position in Amazon.com by 3.1% in the fourth quarter. Schnieders Capital Management LLC now owns 96,207 shares of the e-commerce giant’s stock worth $21,107,000 after acquiring an additional 2,858 shares in the last quarter. Lineweaver Wealth Advisors LLC lifted its holdings in Amazon.com by 9.2% in the fourth quarter. Lineweaver Wealth Advisors LLC now owns 25,199 shares of the e-commerce giant’s stock valued at $5,529,000 after acquiring an additional 2,121 shares during the period. Allegiance Financial Group Advisory Services LLC boosted its position in shares of Amazon.com by 24.3% during the 4th quarter. Allegiance Financial Group Advisory Services LLC now owns 4,669 shares of the e-commerce giant’s stock worth $1,024,000 after purchasing an additional 913 shares in the last quarter. Finally, Convergence Financial LLC grew its stake in shares of Amazon.com by 0.5% during the 4th quarter. Convergence Financial LLC now owns 29,365 shares of the e-commerce giant’s stock worth $6,442,000 after purchasing an additional 156 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on AMZN. Raymond James raised their price objective on shares of Amazon.com from $260.00 to $275.00 in a research note on Monday, February 10th. Wolfe Research boosted their price target on Amazon.com from $250.00 to $270.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Scotiabank upped their price target on Amazon.com from $246.00 to $306.00 and gave the stock a “sector outperform” rating in a report on Friday, January 24th. DA Davidson lifted their price objective on Amazon.com from $235.00 to $280.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Finally, Piper Sandler reissued an “overweight” rating and issued a $265.00 target price (up previously from $225.00) on shares of Amazon.com in a report on Friday, February 7th. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $260.65.

Insiders Place Their Bets

In other news, CFO Brian T. Olsavsky sold 14,620 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $223.14, for a total value of $3,262,306.80. Following the sale, the chief financial officer now directly owns 49,000 shares in the company, valued at $10,933,860. The trade was a 22.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the transaction, the chief executive officer now owns 2,118,886 shares of the company’s stock, valued at approximately $467,532,195.90. The trade was a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 102,298 shares of company stock worth $22,871,828 over the last ninety days. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Stock Down 4.3 %

Amazon.com stock opened at $192.72 on Friday. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The firm has a market capitalization of $2.04 trillion, a price-to-earnings ratio of 34.85, a PEG ratio of 1.50 and a beta of 1.19. The company’s 50 day simple moving average is $216.86 and its 200 day simple moving average is $209.08.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (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 24.25%. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

About Amazon.com

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.