Ossiam Has $552.97 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Ossiam boosted its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 17.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,520,472 shares of the e-commerce giant's stock after purchasing an additional 374,831 shares during the period. Amazon.com makes up approximately 18.1% of Ossiam's investment portfolio, making the stock its biggest holding. Ossiam's holdings in Amazon.com were worth $552,966,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Momentous Wealth Management Inc. purchased a new stake in shares of Amazon.com during the 4th quarter valued at $749,000. Segall Bryant & Hamill LLC increased its position in Amazon.com by 14.3% during the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock valued at $69,572,000 after buying an additional 39,696 shares in the last quarter. Evergreen Capital Management LLC raised its stake in Amazon.com by 0.5% in the fourth quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock valued at $53,213,000 after buying an additional 1,198 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Amazon.com by 173.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant's stock worth $759,434,000 after acquiring an additional 2,196,353 shares in the last quarter. Finally, Blankinship & Foster LLC grew its stake in shares of Amazon.com by 216.4% during the third quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant's stock worth $1,291,000 after acquiring an additional 4,740 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 5,501 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the completion of the transaction, the chief executive officer now owns 505,318 shares in the company, valued at approximately $115,434,843.92. This represents a 1.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $26,647,456.60. This trade represents a 6.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 80,798 shares of company stock valued at $17,696,733 in the last quarter. Company insiders own 9.70% of the company's stock.

Amazon.com Trading Up 0.2%

Shares of AMZN stock traded up $0.42 during mid-day trading on Friday, hitting $205.59. 43,001,394 shares of the company's stock were exchanged, compared to its average volume of 41,940,570. The stock has a market cap of $2.18 trillion, a price-to-earnings ratio of 37.18, a PEG ratio of 1.50 and a beta of 1.30. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The stock has a 50-day simple moving average of $189.15 and a two-hundred day simple moving average of $208.40.

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AMZN. Maxim Group raised their target price on Amazon.com from $260.00 to $280.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft reduced their price objective on Amazon.com from $287.00 to $206.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Westpark Capital reaffirmed a "buy" rating and set a $280.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Jefferies Financial Group cut their price target on shares of Amazon.com from $250.00 to $240.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Finally, Phillip Securities lowered shares of Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a research report on Monday, February 10th. Four analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $244.09.

Amazon.com Profile

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.