Milestone Asset Management LLC Has $318,000 Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Milestone Asset Management LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 7.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,090 shares of the e-commerce giant’s stock after acquiring an additional 153 shares during the quarter. Milestone Asset Management LLC’s holdings in Amazon.com were worth $318,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in AMZN. Mayflower Financial Advisors LLC lifted its stake in Amazon.com by 0.3% in the third quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock valued at $25,000 after acquiring an additional 572 shares during the last quarter. PayPay Securities Corp lifted its stake in shares of Amazon.com by 54.3% in the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after buying an additional 94 shares during the last quarter. Laurel Wealth Planning LLC lifted its stake in shares of Amazon.com by 1,900.0% in the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after buying an additional 304 shares during the last quarter. Sanctuary Wealth Management L.L.C. acquired a new stake in shares of Amazon.com in the fourth quarter worth $37,000. Finally, Swaine & Leidel Wealth Services LLC acquired a new stake in shares of Amazon.com in the first quarter worth $38,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Down 1.1 %

Amazon.com stock opened at $179.22 on Friday. The company’s 50 day simple moving average is $177.28 and its 200 day simple moving average is $156.52. Amazon.com, Inc. has a fifty-two week low of $101.15 and a fifty-two week high of $189.77. The firm has a market capitalization of $1.86 trillion, a price-to-earnings ratio of 61.80, a PEG ratio of 1.60 and a beta of 1.16. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data 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 net margin of 5.29% and a return on equity of 16.61%. The business had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. During the same quarter last year, the firm earned $0.21 EPS. Amazon.com’s quarterly revenue was up 13.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 4.08 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AMZN. Roth Mkm restated a “buy” rating and issued a $205.00 price objective on shares of Amazon.com in a research note on Tuesday. JMP Securities boosted their price objective on shares of Amazon.com from $175.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Barclays boosted their price objective on shares of Amazon.com from $190.00 to $220.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Evercore ISI boosted their price objective on shares of Amazon.com from $195.00 to $220.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Finally, Canaccord Genuity Group boosted their target price on shares of Amazon.com from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Amazon.com has a consensus rating of “Buy” and an average price target of $202.80.

Insider Buying and Selling

In related news, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $20,239,226.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas J. Herrington sold 20,200 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $169.99, for a total transaction of $3,433,798.00. Following the sale, the chief executive officer now owns 514,131 shares in the company, valued at $87,397,128.69. The disclosure for this sale can be found here. Insiders have sold 32,213,510 shares of company stock valued at $5,505,798,456 in the last 90 days. 12.30% of the stock is 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.