Carroll Investors Inc Grows Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Carroll Investors Inc increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 7.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,202 shares of the e-commerce giant's stock after purchasing an additional 1,869 shares during the quarter. Amazon.com makes up 3.5% of Carroll Investors Inc's holdings, making the stock its 11th largest position. Carroll Investors Inc's holdings in Amazon.com were worth $6,197,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Norges Bank purchased a new stake in Amazon.com during the 4th quarter worth about $27,266,582,000. Vanguard Group Inc. raised its holdings 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 valued at $180,637,081,000 after acquiring an additional 17,635,391 shares during the last quarter. Proficio Capital Partners LLC increased its holdings in shares of 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 last quarter. State Street Corp boosted its position in Amazon.com by 3.3% in the 3rd quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant's stock valued at $66,926,008,000 after buying an additional 11,370,309 shares during the last quarter. Finally, APG Asset Management N.V. boosted its holdings in 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 purchasing an additional 6,883,447 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Price Performance

NASDAQ:AMZN traded up $2.73 during trading hours on Tuesday, hitting $211.37. The stock had a trading volume of 55,966,898 shares, compared to its average volume of 41,981,128. The firm has a market capitalization of $2.24 trillion, a price-to-earnings ratio of 38.22, a P/E/G ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. 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 company has a 50 day simple moving average of $188.50 and a two-hundred day simple moving average of $208.25.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share 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 firm had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same period in the previous year, the firm posted $0.98 EPS. The business's quarterly revenue was up 8.6% on a year-over-year basis. Research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction dated 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 directly owns 2,118,886 shares in the company, valued at $467,532,195.90. This represents a 0.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 27,500 shares of the firm's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the sale, the chief executive officer now directly owns 497,067 shares of the company's stock, valued at $114,459,618.09. The trade was a 5.24% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 107,298 shares of company stock worth $23,818,478 over the last three months. Insiders own 9.70% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AMZN. Morgan Stanley reduced their target price on shares of Amazon.com from $280.00 to $245.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Citizens Jmp cut their target price on shares of Amazon.com from $285.00 to $240.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Stifel Nicolaus decreased their price objective on Amazon.com from $248.00 to $245.00 and set a "buy" rating for the company in a report on Friday, May 2nd. UBS Group reissued a "buy" rating on shares of Amazon.com in a research report on Tuesday, May 6th. Finally, Oppenheimer decreased their price objective on shares of Amazon.com from $260.00 to $220.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Four investment analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company. Based on data from MarketBeat, Amazon.com currently has a consensus rating of "Moderate Buy" and a consensus target price of $244.09.

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.