Watchman Group Inc. Raises Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Watchman Group Inc. grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 766.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 18,368 shares of the e-commerce giant's stock after purchasing an additional 16,249 shares during the period. Watchman Group Inc.'s holdings in Amazon.com were worth $4,030,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Swedbank AB increased its holdings in Amazon.com by 1.4% in the 3rd quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant's stock worth $2,484,864,000 after buying an additional 183,610 shares in the last quarter. Sassicaia Capital Advisers LLC purchased a new position in shares of Amazon.com during the 3rd quarter worth $279,000. Howard Capital Management Group LLC grew its holdings in Amazon.com by 0.3% during the third quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant's stock valued at $66,434,000 after purchasing an additional 897 shares during the period. Principal Financial Group Inc. raised its stake in shares of Amazon.com by 5.1% in the third quarter. Principal Financial Group Inc. now owns 20,166,314 shares of the e-commerce giant's stock worth $3,757,589,000 after buying an additional 984,570 shares during the period. Finally, Whalen Wealth Management Inc. grew its stake in shares of Amazon.com by 10.0% during the 3rd quarter. Whalen Wealth Management Inc. now owns 22,296 shares of the e-commerce giant's stock valued at $4,154,000 after acquiring an additional 2,022 shares during the period. 72.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Cantor Fitzgerald lowered their price target on shares of Amazon.com from $270.00 to $230.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Wolfe Research upped their target price on shares of Amazon.com from $250.00 to $270.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. HSBC raised their price target on Amazon.com from $225.00 to $270.00 and gave the company a "buy" rating in a report on Monday, January 13th. Citigroup dropped their price objective on Amazon.com from $273.00 to $225.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, Citizens Jmp decreased their target price on Amazon.com from $285.00 to $240.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $246.50.

Amazon.com Trading Up 3.1 %

AMZN stock traded up $5.78 during midday trading on Thursday, reaching $190.20. The company's stock had a trading volume of 71,774,152 shares, compared to its average volume of 41,799,753. The firm has a market capitalization of $2.02 trillion, a price-to-earnings ratio of 34.39, a PEG ratio of 1.50 and a beta of 1.39. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. 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 stock has a fifty day simple moving average of $191.39 and a two-hundred day simple moving average of $207.74.

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 the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. On average, equities research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Brian T. Olsavsky sold 14,620 shares of Amazon.com stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 49,000 shares of the company's stock, valued at $10,933,860. The trade was a 22.98 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the transaction, the chief executive officer now owns 509,474 shares of the company's stock, valued at approximately $95,776,017.26. This trade represents a 0.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 104,798 shares of company stock worth $23,341,803 in the last three months. Corporate insiders own 10.80% of the company's stock.

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.