Twin Capital Management Inc. Purchases 1,500 Shares of Amazon.com, Inc. (AMZN)

Twin Capital Management Inc. increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,740 shares of the e-commerce giant’s stock after purchasing an additional 1,500 shares during the quarter. Amazon.com makes up approximately 1.4% of Twin Capital Management Inc.’s holdings, making the stock its 9th biggest holding. Twin Capital Management Inc.’s holdings in Amazon.com were worth $28,933,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Portfolio Solutions LLC acquired a new stake in shares of Amazon.com during the 4th quarter worth about $119,000. Endurance Wealth Management Inc. increased its position in Amazon.com by 90.9% in the 4th quarter. Endurance Wealth Management Inc. now owns 105 shares of the e-commerce giant’s stock valued at $123,000 after acquiring an additional 50 shares in the last quarter. Oak Point Wealth Management acquired a new stake in Amazon.com in the 4th quarter valued at about $125,000. Whitnell & Co. increased its position in Amazon.com by 581.3% in the 3rd quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock valued at $105,000 after acquiring an additional 93 shares in the last quarter. Finally, Vestor Capital LLC increased its position in Amazon.com by 10.1% in the 2nd quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock valued at $106,000 after acquiring an additional 10 shares in the last quarter. Institutional investors and hedge funds own 60.21% of the company’s stock.

In related news, VP Shelley Reynolds sold 544 shares of Amazon.com stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $1,462.32, for a total transaction of $795,502.08. Following the transaction, the vice president now owns 6,533 shares of the company’s stock, valued at approximately $9,553,336.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeffrey A. Wilke sold 2,000 shares of Amazon.com stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $1,454.37, for a total transaction of $2,908,740.00. The disclosure for this sale can be found here. Insiders have sold a total of 6,214 shares of company stock worth $9,251,120 in the last three months. 17.00% of the stock is owned by insiders.

Several equities research analysts have weighed in on AMZN shares. JPMorgan Chase restated an “overweight” rating and issued a $1,375.00 price objective (up previously from $1,220.00) on shares of Amazon.com in a research report on Monday, December 18th. JMP Securities restated an “outperform” rating and issued a $1,350.00 price objective (up previously from $1,240.00) on shares of Amazon.com in a research report on Tuesday, December 19th. Citigroup restated a “buy” rating and issued a $1,400.00 price objective (up previously from $1,250.00) on shares of Amazon.com in a research report on Friday, January 5th. Vetr cut shares of Amazon.com from a “buy” rating to a “hold” rating and set a $1,277.08 price objective for the company. in a research report on Monday, January 8th. Finally, Credit Suisse Group raised their price objective on shares of Amazon.com from $1,385.00 to $1,410.00 and gave the company an “outperform” rating in a research report on Monday, January 8th. Three investment analysts have rated the stock with a hold rating, fifty have issued a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $1,504.81.

Amazon.com stock opened at $1,441.50 on Tuesday. Amazon.com, Inc. has a fifty-two week low of $887.50 and a fifty-two week high of $1,617.54. The company has a market cap of $692,655.75, a P/E ratio of 316.81, a PEG ratio of 6.28 and a beta of 1.59. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.76 and a current ratio of 1.04.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $2.16 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.31. Amazon.com had a net margin of 1.71% and a return on equity of 9.23%. The business had revenue of $60.45 billion for the quarter, compared to analyst estimates of $59.85 billion. During the same quarter last year, the firm earned $1.54 EPS. Amazon.com’s quarterly revenue was up 38.2% compared to the same quarter last year. analysts expect that Amazon.com, Inc. will post 8.49 EPS for the current fiscal year.

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About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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