Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Increased by Jump Financial LLC

Jump Financial LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 274.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 178,812 shares of the e-commerce giant's stock after buying an additional 131,102 shares during the period. Amazon.com makes up approximately 0.8% of Jump Financial LLC's portfolio, making the stock its 7th largest position. Jump Financial LLC's holdings in Amazon.com were worth $39,230,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of AMZN. Sassicaia Capital Advisers LLC acquired a new position in shares of Amazon.com during the 3rd quarter valued at $279,000. Howard Capital Management Group LLC lifted its stake in Amazon.com by 0.3% in the 3rd 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 last quarter. Principal Financial Group Inc. raised its position in Amazon.com by 5.1% during the third quarter. Principal Financial Group Inc. now owns 20,166,314 shares of the e-commerce giant's stock valued at $3,757,589,000 after purchasing an additional 984,570 shares in the last quarter. Arete Wealth Advisors LLC bought a new stake in Amazon.com during the third quarter valued at $14,648,000. Finally, Intrepid Capital Management Inc. grew its position in Amazon.com by 3.4% in the 3rd quarter. Intrepid Capital Management Inc. now owns 8,585 shares of the e-commerce giant's stock worth $1,600,000 after purchasing an additional 284 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Amazon.com from $287.00 to $206.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. BNP Paribas raised shares of Amazon.com to a "hold" rating in a report on Wednesday, April 30th. Citigroup restated an "outperform" rating on shares of Amazon.com in a research note on Friday, May 2nd. Loop Capital increased their price objective on Amazon.com from $275.00 to $285.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. Finally, Tigress Financial raised their price target on Amazon.com from $290.00 to $305.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Four research 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 currently has a consensus rating of "Moderate Buy" and a consensus price target of $244.09.

Insiders Place Their Bets

In related news, CFO Brian T. Olsavsky sold 14,620 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $223.14, for a total transaction of $3,262,306.80. Following the completion of the transaction, the chief financial officer now directly owns 49,000 shares in the company, valued at approximately $10,933,860. This trade represents a 22.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 27,500 shares of the company's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value 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 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 have sold 107,298 shares of company stock worth $23,818,478 in the last three months. 9.70% of the stock is owned by insiders.

Amazon.com Stock Performance

NASDAQ:AMZN traded up $2.73 during midday trading on Tuesday, hitting $211.37. The company's stock had a trading volume of 55,966,898 shares, compared to its average volume of 41,981,128. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The firm has a market cap of $2.24 trillion, a P/E ratio of 38.22, a P/E/G ratio of 1.50 and a beta of 1.30. 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 50 day moving average is $188.50 and its 200-day moving average is $208.25.

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