Creekmur Asset Management LLC Has $5.21 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Creekmur Asset Management LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 14.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,739 shares of the e-commerce giant's stock after purchasing an additional 2,965 shares during the quarter. Amazon.com comprises about 1.2% of Creekmur Asset Management LLC's investment portfolio, making the stock its 19th biggest position. Creekmur Asset Management LLC's holdings in Amazon.com were worth $5,208,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Rench Wealth Management Inc. increased its stake in shares of Amazon.com by 7.9% in the third quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant's stock worth $9,392,000 after buying an additional 3,703 shares during the last quarter. Momentous Wealth Management Inc. bought a new stake in shares of Amazon.com in the 4th quarter worth about $749,000. Segall Bryant & Hamill LLC raised its stake in shares of Amazon.com by 14.3% in the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock valued at $69,572,000 after purchasing an additional 39,696 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Amazon.com by 173.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant's stock worth $759,434,000 after purchasing an additional 2,196,353 shares during the last quarter. Finally, Blankinship & Foster LLC grew its stake in Amazon.com by 216.4% in the third quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant's stock worth $1,291,000 after purchasing an additional 4,740 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Activity

In related news, VP Shelley Reynolds sold 8,833 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $222.47, for a total value of $1,965,077.51. Following the sale, the vice president now owns 119,780 shares of the company's stock, valued at $26,647,456.60. The trade was a 6.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the sale, the chief executive officer now directly owns 497,067 shares in the company, valued at $114,459,618.09. The trade was a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 104,798 shares of company stock worth $23,341,803. Company insiders own 10.80% of the company's stock.

Analyst Upgrades and Downgrades

AMZN has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft reduced their price objective on Amazon.com from $287.00 to $206.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Royal Bank of Canada lowered their price target on shares of Amazon.com from $235.00 to $230.00 and set an "outperform" rating for the company in a research report on Friday. UBS Group reduced their target price on shares of Amazon.com from $272.00 to $253.00 and set a "buy" rating for the company in a research note on Tuesday. Canaccord Genuity Group restated a "buy" rating on shares of Amazon.com in a research note on Thursday, February 13th. Finally, Truist Financial reduced their price objective on Amazon.com from $265.00 to $230.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Three equities research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $243.55.

Amazon.com Stock Performance

AMZN stock traded down $0.22 on Friday, reaching $189.98. 77,794,995 shares of the company were exchanged, compared to its average volume of 41,684,289. The firm has a market capitalization of $2.02 trillion, a PE ratio of 34.35, a PEG ratio of 1.50 and a beta of 1.39. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The stock's fifty day moving average price is $190.48 and its 200 day moving average price is $207.77. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The business had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. During the same quarter last year, the company earned $0.98 earnings per share. The firm's revenue was up 8.6% on a year-over-year basis. On average, research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.