Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 173.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,461,573 shares of the e-commerce giant's stock after acquiring an additional 2,196,353 shares during the quarter. Amazon.com comprises about 0.6% of Arrowstreet Capital Limited Partnership's investment portfolio, making the stock its 23rd biggest holding. Arrowstreet Capital Limited Partnership's holdings in Amazon.com were worth $759,434,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of AMZN. Accordant Advisory Group Inc grew its position in Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after purchasing an additional 100 shares during the last quarter. Icon Wealth Advisors LLC grew its holdings in shares of Amazon.com by 20.5% during the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant's stock valued at $28,000 after buying an additional 25,581 shares during the last quarter. Quattro Financial Advisors LLC increased its position in shares of Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after acquiring an additional 45 shares in the last quarter. Compass Planning Associates Inc purchased a new position in Amazon.com in the 4th quarter worth approximately $51,000. Finally, Halbert Hargrove Global Advisors LLC bought a new position in Amazon.com in the 4th quarter valued at approximately $54,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Douglas J. Herrington sold 5,501 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total value of $1,256,648.44. Following the transaction, the chief executive officer now owns 505,318 shares in the company, valued at approximately $115,434,843.92. This represents a 1.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the business's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the transaction, the chief executive officer now owns 2,118,886 shares of the company's stock, valued at $467,532,195.90. This represents a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 104,798 shares of company stock valued at $23,341,803. Company insiders own 10.80% of the company's stock.

Amazon.com Stock Down 0.2 %

Shares of AMZN traded down $0.29 during mid-day trading on Friday, hitting $189.91. 62,657,661 shares of the company traded hands, compared to its average volume of 41,679,924. The business has a 50 day moving average of $190.94 and a 200 day moving average of $207.76. The company has a market capitalization of $2.01 trillion, a PE ratio of 34.35, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. 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 1-year low of $151.61 and a 1-year high of $242.52.

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

Analyst Ratings Changes

A number of research analysts have recently issued reports on AMZN shares. Bank of America lowered their price target on Amazon.com from $257.00 to $225.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Mizuho lowered their target price on shares of Amazon.com from $285.00 to $255.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Royal Bank of Canada reduced their price target on shares of Amazon.com from $235.00 to $230.00 and set an "outperform" rating for the company in a research note on Friday. Wedbush reissued an "outperform" rating and set a $235.00 price objective (up from $225.00) on shares of Amazon.com in a report on Friday. Finally, DA Davidson dropped their target price on shares of Amazon.com from $280.00 to $230.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Three equities research analysts have rated the stock with a hold rating and forty-five have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $242.75.

Amazon.com 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.