Ted Buchan & Co Purchases 2,663 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Ted Buchan & Co grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 17.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,961 shares of the e-commerce giant's stock after buying an additional 2,663 shares during the period. Amazon.com makes up 1.9% of Ted Buchan & Co's investment portfolio, making the stock its 16th largest holding. Ted Buchan & Co's holdings in Amazon.com were worth $3,940,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Prudent Man Investment Management Inc. bought a new position in shares of Amazon.com during the 4th quarter worth about $27,000. Accordant Advisory Group Inc raised its stake in Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after buying an additional 100 shares during the period. Perritt Capital Management Inc boosted its holdings in Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after acquiring an additional 80 shares in the last quarter. Compass Planning Associates Inc acquired a new stake in Amazon.com in the fourth quarter valued at approximately $51,000. Finally, Quattro Financial Advisors LLC increased its holdings in shares of Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after acquiring an additional 45 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on AMZN shares. Truist Financial reduced their price target on shares of Amazon.com from $265.00 to $230.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Maxim Group boosted their target price on shares of Amazon.com from $260.00 to $280.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Cantor Fitzgerald lifted their price target on Amazon.com from $230.00 to $240.00 and gave the company an "overweight" rating in a research note on Friday. StockNews.com downgraded Amazon.com from a "buy" rating to a "hold" rating in a research note on Monday. Finally, Barclays cut their target price on Amazon.com from $265.00 to $240.00 and set an "overweight" rating on the stock in a research report on Friday. Four equities research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company's stock. According to MarketBeat, Amazon.com currently has a consensus rating of "Moderate Buy" and a consensus target price of $244.09.

Amazon.com Price Performance

Amazon.com stock traded down $1.34 during mid-day trading on Tuesday, hitting $185.01. 28,305,174 shares of the company traded hands, compared to its average volume of 41,616,201. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The stock has a market cap of $1.96 trillion, a price-to-earnings ratio of 33.46, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. The stock has a fifty day moving average price of $189.92 and a 200-day moving average price of $208.04.

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

Insider Activity

In other Amazon.com news, CEO Douglas J. Herrington sold 5,501 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total value of $1,256,648.44. Following the completion of the sale, the chief executive officer now owns 505,318 shares of the company's stock, valued at $115,434,843.92. This represents a 1.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 2,118,886 shares in the company, valued at $467,532,195.90. This trade represents a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 107,298 shares of company stock worth $23,818,478. 9.70% of the stock is currently owned by insiders.

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.