Horizon Investment Services LLC Boosts Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Horizon Investment Services LLC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 15.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,046 shares of the e-commerce giant's stock after acquiring an additional 3,221 shares during the period. Amazon.com makes up about 2.2% of Horizon Investment Services LLC's investment portfolio, making the stock its 11th largest position. Horizon Investment Services LLC's holdings in Amazon.com were worth $5,275,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in AMZN. Vanguard Group Inc. lifted its stake in shares of Amazon.com by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock worth $180,637,081,000 after acquiring an additional 17,635,391 shares during the last quarter. State Street Corp lifted its position in shares of Amazon.com by 3.3% during the third quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant's stock worth $66,926,008,000 after purchasing an additional 11,370,309 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Amazon.com by 3.4% during the third quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant's stock valued at $37,116,341,000 after purchasing an additional 6,545,944 shares during the period. Norges Bank bought a new position in shares of Amazon.com in the fourth quarter worth about $27,266,582,000. Finally, Bank of New York Mellon Corp lifted its holdings in Amazon.com by 0.8% during the 4th quarter. Bank of New York Mellon Corp now owns 67,092,427 shares of the e-commerce giant's stock valued at $14,719,407,000 after buying an additional 545,292 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on AMZN shares. Raymond James reiterated an "outperform" rating and issued a $195.00 price target (down previously from $275.00) on shares of Amazon.com in a report on Monday, April 21st. Wolfe Research raised their price target on Amazon.com from $250.00 to $270.00 and gave the company an "outperform" rating in a research note on Friday, January 3rd. Barclays lowered their price objective on shares of Amazon.com from $265.00 to $240.00 and set an "overweight" rating for the company in a research note on Friday. Oppenheimer reduced their price target on shares of Amazon.com from $260.00 to $220.00 and set an "outperform" rating for the company in a report on Monday. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $235.00 price objective on shares of Amazon.com in a report on Friday. Three research analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $245.63.

Insider Activity

In related news, VP Shelley Reynolds sold 8,833 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at $26,647,456.60. This represents a 6.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 27,500 shares of the firm's stock in a transaction dated Wednesday, February 12th. The shares were 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 in the company, valued at $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 104,798 shares of company stock worth $23,341,803 over the last three months. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Stock Performance

NASDAQ AMZN traded down $0.85 during mid-day trading on Friday, reaching $189.35. 31,216,677 shares of the stock were exchanged, compared to its average volume of 41,562,783. The company has a market capitalization of $2.01 trillion, a P/E ratio of 34.12, a P/E/G ratio of 1.50 and a beta of 1.39. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The business's 50 day moving average is $190.94 and its 200-day moving average is $207.76. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52.

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

Amazon.com Company 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.