Goodman Advisory Group LLC Grows Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Goodman Advisory Group LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 6.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,218 shares of the e-commerce giant's stock after buying an additional 2,163 shares during the quarter. Amazon.com accounts for 2.2% of Goodman Advisory Group LLC's investment portfolio, making the stock its 15th largest position. Goodman Advisory Group LLC's holdings in Amazon.com were worth $7,507,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Capital International Ltd. CA boosted its stake in shares of Amazon.com by 33.1% in the fourth quarter. Capital International Ltd. CA now owns 261,128 shares of the e-commerce giant's stock worth $57,289,000 after acquiring an additional 64,949 shares during the last quarter. Capital Group Investment Management PTE. LTD. boosted its stake in shares of Amazon.com by 32.3% in the fourth quarter. Capital Group Investment Management PTE. LTD. now owns 56,358 shares of the e-commerce giant's stock worth $12,364,000 after acquiring an additional 13,770 shares during the last quarter. Capital Group Private Client Services Inc. boosted its stake in shares of Amazon.com by 22.9% in the fourth quarter. Capital Group Private Client Services Inc. now owns 905,856 shares of the e-commerce giant's stock worth $198,736,000 after acquiring an additional 168,717 shares during the last quarter. Capital International Investors boosted its stake in shares of Amazon.com by 26.5% in the fourth quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant's stock worth $12,564,961,000 after acquiring an additional 12,000,745 shares during the last quarter. Finally, Capital International Sarl boosted its stake in shares of Amazon.com by 44.0% in the fourth quarter. Capital International Sarl now owns 444,934 shares of the e-commerce giant's stock worth $97,614,000 after acquiring an additional 136,008 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 5,501 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the sale, the chief executive officer now owns 505,318 shares in the company, valued at $115,434,843.92. This represents a 1.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the company's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the sale, the chief executive officer now owns 2,118,886 shares in the company, valued at approximately $467,532,195.90. This trade represents a 0.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 80,798 shares of company stock worth $17,696,733 in the last quarter. 9.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Royal Bank of Canada lowered their price target on Amazon.com from $235.00 to $230.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Westpark Capital restated a "buy" rating and issued a $280.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Needham & Company LLC restated a "buy" rating and issued a $220.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Rosenblatt Securities lifted their target price on shares of Amazon.com from $287.00 to $288.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Finally, UBS Group reaffirmed a "buy" rating on shares of Amazon.com in a research note on Tuesday, May 6th. Four analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. According to data from MarketBeat.com, Amazon.com has a consensus rating of "Moderate Buy" and an average price target of $244.09.

Amazon.com Stock Down 0.5%

NASDAQ AMZN traded down $1.12 during trading hours on Wednesday, hitting $210.25. 38,323,768 shares of the company were exchanged, compared to its average volume of 41,980,232. The company has a 50 day moving average of $188.72 and a two-hundred day moving average of $208.27. 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 52-week low of $151.61 and a 52-week high of $242.52. The firm has a market cap of $2.23 trillion, a price-to-earnings ratio of 38.02, a PEG ratio of 1.50 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results 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. 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 quarter in the prior year, the business earned $0.98 EPS. Amazon.com's revenue was up 8.6% on a year-over-year basis. Equities research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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.