Crowley Wealth Management Inc. Invests $2.56 Million in Amazon.com, Inc. (NASDAQ:AMZN)

Crowley Wealth Management Inc. purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 11,682 shares of the e-commerce giant's stock, valued at approximately $2,563,000. Amazon.com accounts for approximately 2.3% of Crowley Wealth Management Inc.'s portfolio, making the stock its 15th largest position.

Other institutional investors have also recently bought and sold shares of the company. FCA Corp TX raised its holdings in Amazon.com by 0.8% during the 4th quarter. FCA Corp TX now owns 9,465 shares of the e-commerce giant's stock worth $2,037,000 after buying an additional 78 shares during the period. Vanguard Group Inc. boosted its stake in Amazon.com by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock worth $180,637,081,000 after purchasing an additional 17,635,391 shares during the period. Community Bank N.A. increased its holdings in Amazon.com by 5.5% during the 4th quarter. Community Bank N.A. now owns 38,278 shares of the e-commerce giant's stock worth $8,398,000 after purchasing an additional 1,990 shares in the last quarter. Napatree Capital LLC lifted its holdings in shares of Amazon.com by 23.8% in the fourth quarter. Napatree Capital LLC now owns 9,669 shares of the e-commerce giant's stock valued at $2,121,000 after purchasing an additional 1,860 shares in the last quarter. Finally, Meridian Wealth Partners LLC boosted its position in shares of Amazon.com by 9.0% during the fourth quarter. Meridian Wealth Partners LLC now owns 9,067 shares of the e-commerce giant's stock worth $1,989,000 after buying an additional 745 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Stock Performance

Shares of NASDAQ AMZN traded up $2.45 during midday trading on Friday, hitting $188.99. The company's stock had a trading volume of 36,349,105 shares, compared to its average volume of 41,913,658. The stock has a fifty day moving average price of $193.52 and a 200 day moving average price of $208.05. The firm has a market capitalization of $2.00 trillion, a price-to-earnings ratio of 34.18, a P/E/G ratio of 1.50 and a beta of 1.39. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. On average, research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on AMZN shares. JPMorgan Chase & Co. decreased their price target on shares of Amazon.com from $270.00 to $220.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Bank of America decreased their price objective on Amazon.com from $257.00 to $225.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Citigroup lowered their price objective on shares of Amazon.com from $273.00 to $225.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Telsey Advisory Group cut their price target on Amazon.com from $275.00 to $235.00 and set an "outperform" rating for the company in a report on Wednesday. Finally, Jefferies Financial Group cut their target price on shares of Amazon.com from $250.00 to $240.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Two research analysts have rated the stock with a hold rating and forty-five have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $247.56.

Insider Activity

In other news, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the transaction, the chief executive officer now owns 509,474 shares of the company's stock, valued at approximately $95,776,017.26. The trade was a 0.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 8,833 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at $26,647,456.60. This represents a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 104,798 shares of company stock worth $23,341,803. 10.80% of the stock is owned by company insiders.

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.