Garde Capital Inc. boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% in the third quarter, HoldingsChannel.com reports. The firm owned 2,217 shares of the e-commerce giant’s stock after purchasing an additional 31 shares during the period. Amazon.com accounts for 0.6% of Garde Capital Inc.’s investment portfolio, making the stock its 29th biggest holding. Garde Capital Inc.’s holdings in Amazon.com were worth $3,590,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Spirit of America Management Corp NY acquired a new position in shares of Amazon.com in the third quarter valued at approximately $110,000. Taylor Hoffman Wealth Management boosted its holdings in shares of Amazon.com by 192.3% in the third quarter. Taylor Hoffman Wealth Management now owns 76 shares of the e-commerce giant’s stock valued at $152,000 after buying an additional 50 shares during the period. New Potomac Partners LLC boosted its holdings in shares of Amazon.com by 130.0% in the second quarter. New Potomac Partners LLC now owns 115 shares of the e-commerce giant’s stock valued at $195,000 after buying an additional 65 shares during the period. Capital Investment Services of America Inc. acquired a new position in shares of Amazon.com in the third quarter valued at approximately $200,000. Finally, Chessman Wealth Strategies RIA acquired a new position in shares of Amazon.com in the third quarter valued at approximately $200,000. Hedge funds and other institutional investors own 55.22% of the company’s stock.

Several research analysts have recently weighed in on the stock. Wells Fargo & Co reiterated a “buy” rating and issued a $2,100.00 price target on shares of Amazon.com in a report on Monday, December 3rd. Nomura reiterated a “buy” rating on shares of Amazon.com in a report on Tuesday, December 4th. Barclays reiterated a “buy” rating on shares of Amazon.com in a report on Tuesday, December 4th. Guggenheim reiterated a “buy” rating and issued a $2,000.00 price target on shares of Amazon.com in a report on Thursday, January 31st. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of Amazon.com in a report on Friday, February 1st. Five analysts have rated the stock with a hold rating and forty-three have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $2,118.63.

In other Amazon.com news, Director Patricia Q. Stonesifer sold 1,375 shares of the company’s stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $1,602.00, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jeffrey M. Blackburn sold 2,055 shares of the company’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $1,616.34, for a total transaction of $3,321,578.70. Following the sale, the senior vice president now directly owns 46,596 shares in the company, valued at $75,314,978.64. The disclosure for this sale can be found here. Insiders have sold 5,075 shares of company stock worth $8,180,428 over the last ninety days. Insiders own 16.30% of the company’s stock.

NASDAQ AMZN opened at $1,712.36 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.85 and a current ratio of 1.10. Amazon.com, Inc. has a 1 year low of $1,307.00 and a 1 year high of $2,050.50. The firm has a market cap of $841.12 billion, a price-to-earnings ratio of 85.02, a PEG ratio of 2.33 and a beta of 1.62.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, January 31st. The e-commerce giant reported $6.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $5.55 by $0.49. Amazon.com had a net margin of 4.33% and a return on equity of 27.02%. The firm had revenue of $72.38 billion for the quarter, compared to analyst estimates of $71.73 billion. During the same period in the prior year, the firm posted $2.16 earnings per share. Equities research analysts anticipate that Amazon.com, Inc. will post 26.72 EPS for the current year.

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Amazon.com Company Profile

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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