Burling Wealth Partners LLC Takes $23.64 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Burling Wealth Partners LLC bought a new position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 107,734 shares of the e-commerce giant's stock, valued at approximately $23,636,000. Amazon.com comprises approximately 4.8% of Burling Wealth Partners LLC's investment portfolio, making the stock its 3rd biggest position.

Other large investors have also added to or reduced their stakes in the company. Prudent Man Investment Management Inc. purchased a new position in Amazon.com during the fourth quarter valued at approximately $27,000. Accordant Advisory Group Inc lifted its stake in shares of Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after buying an additional 100 shares in the last quarter. LSV Asset Management bought a new position in Amazon.com in the 4th quarter worth $35,000. Perritt Capital Management Inc increased its stake in Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after buying an additional 80 shares in the last quarter. Finally, Compass Planning Associates Inc purchased a new stake in Amazon.com in the 4th quarter worth $51,000. Institutional investors own 72.20% of the company's stock.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 5,501 shares of Amazon.com stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total value of $1,256,648.44. Following the completion of the transaction, the chief executive officer now owns 505,318 shares of the company's stock, valued at approximately $115,434,843.92. The trade was a 1.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 transaction of $4,585,989.60. Following the sale, the chief executive officer now directly owns 2,118,886 shares in the company, 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. In the last quarter, insiders have sold 80,798 shares of company stock worth $17,696,733. 9.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on AMZN shares. Scotiabank dropped their price objective on Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating for the company in a research note on Monday, April 21st. Bank of America reduced their price objective on shares of Amazon.com from $257.00 to $225.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Cantor Fitzgerald raised their target price on shares of Amazon.com from $230.00 to $240.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Oppenheimer decreased their price target on shares of Amazon.com from $260.00 to $220.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Finally, Mizuho cut their price objective on Amazon.com from $285.00 to $255.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Four analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. According to MarketBeat, Amazon.com presently has a consensus rating of "Moderate Buy" and an average price target of $244.09.

Amazon.com Stock Up 0.3%

Shares of AMZN stock traded up $0.57 during trading hours on Monday, reaching $206.16. 34,235,970 shares of the company's stock were exchanged, compared to its average volume of 41,958,033. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The stock has a market cap of $2.19 trillion, a PE ratio of 37.28, a PEG ratio of 1.50 and a beta of 1.30. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The stock's fifty day moving average price is $189.33 and its two-hundred day moving average price is $208.77.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The business had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same quarter in the previous year, the firm earned $0.98 earnings per share. The company's revenue was up 8.6% on a year-over-year basis. Research analysts predict that Amazon.com, Inc. will post 6.31 EPS 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.