Sterling Capital Management LLC Has $141.20 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Sterling Capital Management LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 643,604 shares of the e-commerce giant's stock after acquiring an additional 2,727 shares during the quarter. Amazon.com makes up approximately 1.9% of Sterling Capital Management LLC's holdings, making the stock its 8th biggest holding. Sterling Capital Management LLC's holdings in Amazon.com were worth $141,200,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Cable Hill Partners LLC boosted its stake in Amazon.com by 0.5% during the 4th quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant's stock valued at $2,104,000 after purchasing an additional 44 shares during the period. Quattro Financial Advisors LLC boosted its stake in Amazon.com by 23.8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after purchasing an additional 45 shares during the period. Northern Capital Management Inc. boosted its stake in Amazon.com by 0.6% during the 4th quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock valued at $1,613,000 after purchasing an additional 45 shares during the period. White Wing Wealth Management boosted its stake in Amazon.com by 2.4% during the 4th quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant's stock valued at $433,000 after purchasing an additional 47 shares during the period. Finally, MBM Wealth Consultants LLC boosted its stake in Amazon.com by 0.6% during the 4th quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant's stock valued at $1,889,000 after purchasing an additional 48 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Activity at Amazon.com

In other Amazon.com news, CFO Brian T. Olsavsky sold 14,620 shares of the business's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $223.14, for a total value of $3,262,306.80. Following the completion of the transaction, the chief financial officer now directly owns 49,000 shares of the company's stock, valued at approximately $10,933,860. The trade was a 22.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 27,500 shares of the business's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the transaction, the chief executive officer now directly owns 497,067 shares of the company's stock, valued at approximately $114,459,618.09. This represents a 5.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 107,298 shares of company stock valued at $23,818,478 in the last ninety days. Insiders own 9.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on AMZN shares. HSBC boosted their price target on shares of Amazon.com from $225.00 to $270.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. Evercore ISI dropped their price target on shares of Amazon.com from $270.00 to $260.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Westpark Capital restated a "buy" rating and set a $280.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Cantor Fitzgerald boosted their target price on shares of Amazon.com from $230.00 to $240.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Finally, Wedbush reiterated an "outperform" rating and issued a $235.00 target price (up from $225.00) on shares of Amazon.com in a report on Friday, May 2nd. Four investment 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.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $244.09.

Amazon.com Price Performance

Shares of Amazon.com stock traded up $14.86 during trading on Monday, hitting $207.92. 23,273,264 shares of the company's stock traded hands, compared to its average volume of 41,673,842. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The firm's fifty day moving average price is $188.50 and its 200 day moving average price is $208.10. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a market cap of $2.21 trillion, a PE ratio of 37.72, a PEG ratio of 1.50 and a beta of 1.30.

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

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.