Hudson Valley Investment Advisors Inc. ADV Acquires New Position in Amazon.com, Inc. (AMZN)

Hudson Valley Investment Advisors Inc. ADV acquired a new position in Amazon.com, Inc. (NASDAQ:AMZN) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,838 shares of the e-commerce giant’s stock, valued at approximately $4,263,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. DORCHESTER WEALTH MANAGEMENT Co raised its stake in Amazon.com by 4.1% during the 4th quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 154 shares of the e-commerce giant’s stock valued at $231,000 after purchasing an additional 6 shares during the period. Boltwood Capital Management raised its stake in Amazon.com by 1.9% during the 4th quarter. Boltwood Capital Management now owns 382 shares of the e-commerce giant’s stock valued at $573,000 after purchasing an additional 7 shares during the period. Cordasco Financial Network raised its stake in Amazon.com by 17.4% during the 4th quarter. Cordasco Financial Network now owns 54 shares of the e-commerce giant’s stock valued at $81,000 after purchasing an additional 8 shares during the period. Beaton Management Co. Inc. raised its stake in Amazon.com by 1.0% during the 3rd quarter. Beaton Management Co. Inc. now owns 1,034 shares of the e-commerce giant’s stock valued at $2,071,000 after purchasing an additional 10 shares during the period. Finally, Sanders Morris Harris LLC raised its stake in Amazon.com by 6.4% during the 4th quarter. Sanders Morris Harris LLC now owns 167 shares of the e-commerce giant’s stock valued at $251,000 after purchasing an additional 10 shares during the period. 56.09% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO Jeffrey A. Wilke sold 1,645 shares of the firm’s stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $1,614.65, for a total transaction of $2,656,099.25. Following the completion of the sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $16,146,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Patricia Q. Stonesifer sold 1,375 shares of the firm’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $1,602.00, for a total value of $2,202,750.00. Following the sale, the director now directly owns 7,861 shares of the company’s stock, valued at $12,593,322. The disclosure for this sale can be found here. Insiders have sold a total of 7,075 shares of company stock valued at $11,802,708 over the last three months. 16.30% of the stock is owned by corporate insiders.

Shares of AMZN stock opened at $1,847.33 on Thursday. Amazon.com, Inc. has a 52-week low of $1,307.00 and a 52-week high of $2,050.50. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.10 and a quick ratio of 0.85. The company has a market cap of $901.77 billion, a P/E ratio of 91.72, a price-to-earnings-growth ratio of 2.21 and a beta of 1.63.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, January 31st. The e-commerce giant reported $6.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $5.55 by $0.49. Amazon.com had a return on equity of 27.02% and a net margin of 4.33%. The firm had revenue of $72.38 billion during the quarter, compared to analyst estimates of $71.73 billion. During the same period last year, the company earned $2.16 EPS. Research analysts expect that Amazon.com, Inc. will post 26.66 EPS for the current year.

AMZN has been the subject of several research analyst reports. Royal Bank of Canada restated a “buy” rating on shares of Amazon.com in a report on Wednesday, January 2nd. Zacks Investment Research upgraded Amazon.com from a “hold” rating to a “buy” rating and set a $1,543.00 price target for the company in a report on Monday, December 31st. JPMorgan Chase & Co. restated a “buy” rating on shares of Amazon.com in a report on Wednesday, January 9th. Bank of America restated a “buy” rating and set a $2,100.00 price target (up previously from $2,000.00) on shares of Amazon.com in a report on Wednesday, January 9th. Finally, Pivotal Research initiated coverage on Amazon.com in a report on Monday, January 7th. They set a “buy” rating and a $1,920.00 price target for the company. Four investment analysts have rated the stock with a hold rating and forty-seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $2,122.68.

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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 third-party sellers through physical stores and online stores.

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

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