Capital Group Private Client Services Inc. Buys 168,717 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Capital Group Private Client Services Inc. boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 22.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 905,856 shares of the e-commerce giant's stock after buying an additional 168,717 shares during the quarter. Amazon.com accounts for approximately 1.8% of Capital Group Private Client Services Inc.'s investment portfolio, making the stock its 10th largest position. Capital Group Private Client Services Inc.'s holdings in Amazon.com were worth $198,736,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Amazon.com during the fourth quarter valued at $27,266,582,000. Vanguard Group Inc. increased its stake in Amazon.com by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock worth $180,637,081,000 after purchasing an additional 17,635,391 shares in the last quarter. Proficio Capital Partners LLC raised its holdings in Amazon.com by 17,054.5% during the 4th quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant's stock worth $2,652,116,000 after buying an additional 12,018,120 shares during the period. Capital International Investors lifted its stake in Amazon.com by 26.5% during the fourth quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant's stock valued at $12,564,961,000 after buying an additional 12,000,745 shares in the last quarter. Finally, APG Asset Management N.V. boosted its holdings in shares of Amazon.com by 1,782.4% in the fourth quarter. APG Asset Management N.V. now owns 7,269,638 shares of the e-commerce giant's stock worth $1,540,208,000 after buying an additional 6,883,447 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AMZN has been the topic of a number of recent analyst reports. Wells Fargo & Company cut their price target on shares of Amazon.com from $207.00 to $203.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 25th. Bank of America cut their target price on shares of Amazon.com from $257.00 to $225.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Truist Financial decreased their target price on Amazon.com from $265.00 to $230.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Royal Bank of Canada reduced their price objective on Amazon.com from $235.00 to $230.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Finally, UBS Group restated a "buy" rating on shares of Amazon.com in a research report 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. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $244.09.

Amazon.com Stock Performance

Amazon.com stock traded down $5.08 on Thursday, reaching $205.17. 64,245,647 shares of the stock were exchanged, compared to its average volume of 42,068,987. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The firm has a fifty day moving average price of $188.94 and a two-hundred day moving average price of $208.28. The stock has a market cap of $2.18 trillion, a PE ratio of 37.10, a PEG ratio of 1.50 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating the consensus estimate 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 revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.98 EPS. Sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity

In other news, Director Keith Brian Alexander sold 1,000 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $210.68, for a total transaction of $210,680.00. Following the sale, the director now directly owns 5,465 shares in the company, valued at approximately $1,151,366.20. The trade was a 15.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the company's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $220.65, for a total value of $4,585,989.60. Following the completion of the transaction, the chief executive officer now owns 2,118,886 shares of the company's stock, valued at $467,532,195.90. The trade was 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 sold 80,798 shares of company stock valued at $17,696,733. 9.70% of the stock is owned by company insiders.

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.