Elevatus Welath Management Increases Position in Amazon.com, Inc. (NASDAQ:AMZN)

Elevatus Welath Management raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 67,625 shares of the e-commerce giant's stock after buying an additional 2,048 shares during the period. Amazon.com comprises about 5.1% of Elevatus Welath Management's investment portfolio, making the stock its 5th biggest holding. Elevatus Welath Management's holdings in Amazon.com were worth $14,836,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of AMZN. Norges Bank bought a new position in shares of Amazon.com during the 4th quarter valued at $27,266,582,000. Vanguard Group Inc. raised its holdings in Amazon.com by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock valued at $180,637,081,000 after buying an additional 17,635,391 shares in the last quarter. Proficio Capital Partners LLC lifted its position in shares of Amazon.com by 17,054.5% in the fourth 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. Capital International Investors boosted its stake in shares of Amazon.com by 26.5% during the 4th 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 in the last quarter. Finally, APG Asset Management N.V. increased its holdings in shares of Amazon.com by 1,782.4% during the 4th quarter. APG Asset Management N.V. now owns 7,269,638 shares of the e-commerce giant's stock valued at $1,540,208,000 after acquiring an additional 6,883,447 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Shelley Reynolds sold 8,833 shares of Amazon.com stock in a transaction on Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company's stock, valued at approximately $26,647,456.60. This trade represents a 6.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 5,501 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total value of $1,256,648.44. Following the sale, the chief executive officer now owns 505,318 shares of the company's stock, valued at approximately $115,434,843.92. The trade was a 1.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 80,798 shares of company stock valued at $17,696,733 over the last three months. 9.70% of the stock is owned by insiders.

Amazon.com Price Performance

AMZN traded up $0.42 during trading on Friday, hitting $205.59. The company's stock had a trading volume of 43,001,394 shares, compared to its average volume of 41,940,309. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $2.18 trillion, a price-to-earnings ratio of 37.18, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. The firm's 50 day moving average price is $189.15 and its two-hundred day moving average price is $208.40. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52.

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 analysts' consensus estimates of $1.38 by $0.21. The company had revenue of $155.67 billion during the quarter, compared to analyst estimates 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 last year, the company posted $0.98 earnings per share. Sell-side analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on AMZN shares. Cantor Fitzgerald boosted their target price on Amazon.com from $230.00 to $240.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Westpark Capital reaffirmed a "buy" rating and set a $280.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Scotiabank lowered their target price on shares of Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating on the stock in a research note on Monday, April 21st. Maxim Group boosted their target price on shares of Amazon.com from $260.00 to $280.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Finally, The Goldman Sachs Group lowered their price target on Amazon.com from $255.00 to $220.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Four investment analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target 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.