Bell Asset Management Ltd boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 15.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 138,842 shares of the e-commerce giant's stock after purchasing an additional 18,955 shares during the quarter. Amazon.com makes up approximately 5.5% of Bell Asset Management Ltd's holdings, making the stock its 3rd largest holding. Bell Asset Management Ltd's holdings in Amazon.com were worth $30,461,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Shakespeare Wealth Management LLC raised its stake in shares of Amazon.com by 12.8% in the 4th quarter. Shakespeare Wealth Management LLC now owns 1,428 shares of the e-commerce giant's stock valued at $313,000 after purchasing an additional 162 shares in the last quarter. Concentrum Wealth Management increased its holdings in Amazon.com by 7.9% in the fourth quarter. Concentrum Wealth Management now owns 21,778 shares of the e-commerce giant's stock valued at $4,778,000 after buying an additional 1,593 shares during the last quarter. Sierra Summit Advisors LLC increased its holdings in Amazon.com by 3.8% in the fourth quarter. Sierra Summit Advisors LLC now owns 77,785 shares of the e-commerce giant's stock valued at $17,065,000 after buying an additional 2,868 shares during the last quarter. Ritter Daniher Financial Advisory LLC DE raised its stake in Amazon.com by 1.4% during the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 15,082 shares of the e-commerce giant's stock valued at $3,309,000 after buying an additional 212 shares in the last quarter. Finally, FMR LLC lifted its holdings in Amazon.com by 0.5% during the 4th quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock worth $72,061,766,000 after buying an additional 1,725,664 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on AMZN shares. HSBC upped their price target on Amazon.com from $225.00 to $270.00 and gave the company a "buy" rating in a research report on Monday, January 13th. Westpark Capital restated a "buy" rating and issued a $280.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Mizuho lowered their price objective on shares of Amazon.com from $285.00 to $255.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Citigroup reissued an "outperform" rating on shares of Amazon.com in a report on Friday. Finally, BNP Paribas raised Amazon.com to a "hold" rating in a report on Wednesday, April 30th. Four equities research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $244.09.
Read Our Latest Analysis on Amazon.com
Amazon.com Trading Down 0.7 %
Shares of NASDAQ:AMZN opened at $185.01 on Wednesday. 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 market capitalization of $1.96 trillion, a price-to-earnings ratio of 33.46, a PEG ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The company has a 50 day moving average price of $189.45 and a 200 day moving average price of $207.88.
Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.21. The business had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The company's revenue was up 8.6% compared to the same quarter last year. During the same period last year, the company posted $0.98 EPS. On average, research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.
Insider Activity at Amazon.com
In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $190.67, for a total transaction of $476,675.00. Following the completion of the sale, the chief executive officer now directly owns 506,974 shares of the company's stock, valued at approximately $96,664,732.58. This represents a 0.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the completion of the transaction, the chief executive officer now directly owns 2,118,886 shares in the company, valued at approximately $467,532,195.90. This trade represents a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 107,298 shares of company stock worth $23,818,478 in the last quarter. 9.70% of the stock is owned by company insiders.
Amazon.com Company Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN - Free Report).
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