2,320 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Acquired by 10Elms LLP

10Elms LLP acquired a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,320 shares of the e-commerce giant's stock, valued at approximately $509,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Castleark Management LLC lifted its position in shares of Amazon.com by 1.8% during the 4th quarter. Castleark Management LLC now owns 560,195 shares of the e-commerce giant's stock valued at $122,901,000 after buying an additional 9,940 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in Amazon.com by 23.1% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,618,077 shares of the e-commerce giant's stock valued at $574,380,000 after purchasing an additional 490,831 shares in the last quarter. Focus Partners Advisor Solutions LLC increased its stake in shares of Amazon.com by 7.9% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 129,055 shares of the e-commerce giant's stock worth $28,314,000 after purchasing an additional 9,403 shares in the last quarter. Kolinsky Wealth Management LLC raised its position in shares of Amazon.com by 3.4% during the 4th quarter. Kolinsky Wealth Management LLC now owns 23,937 shares of the e-commerce giant's stock worth $5,252,000 after purchasing an additional 779 shares during the last quarter. Finally, Continuum Advisory LLC lifted its stake in Amazon.com by 4.8% in the 4th quarter. Continuum Advisory LLC now owns 73,350 shares of the e-commerce giant's stock valued at $16,092,000 after buying an additional 3,382 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Stock Performance

Shares of AMZN traded up $1.52 during midday trading on Wednesday, reaching $207.23. 29,843,929 shares of the stock were exchanged, compared to its average volume of 41,930,997. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The business's 50-day moving average price is $190.77 and its 200 day moving average price is $208.61. The company has a market capitalization of $2.20 trillion, a price-to-earnings ratio of 37.47, a PEG ratio of 1.50 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS 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 was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.98 EPS. On average, sell-side analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on AMZN. Telsey Advisory Group reiterated an "outperform" rating and set a $235.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. Royal Bank of Canada dropped their price target on Amazon.com from $235.00 to $230.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. JPMorgan Chase & Co. raised their price objective on Amazon.com from $225.00 to $240.00 and gave the company an "overweight" rating in a report on Wednesday. BNP Paribas raised shares of Amazon.com to a "hold" rating in a report on Wednesday, April 30th. Finally, Benchmark restated a "buy" rating and set a $260.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $244.89.

Insider Activity at Amazon.com

In other news, CEO Matthew S. Garman sold 20,923 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,211,799.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 2,695 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total value of $541,129.05. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $24,050,626.20. The trade was a 2.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 102,037 shares of company stock worth $20,531,075 over the last three months. 9.70% of the stock is currently owned by corporate insiders.

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.