PKO Investment Management Joint Stock Co Takes Position in Amazon.com, Inc. (NASDAQ:AMZN)

PKO Investment Management Joint Stock Co purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 42,000 shares of the e-commerce giant's stock, valued at approximately $9,214,000. Amazon.com makes up about 1.1% of PKO Investment Management Joint Stock Co's portfolio, making the stock its 16th biggest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Momentous Wealth Management Inc. acquired a new position in shares of Amazon.com in the 4th quarter valued at about $749,000. Segall Bryant & Hamill LLC boosted its holdings in shares of Amazon.com by 14.3% during the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock worth $69,572,000 after purchasing an additional 39,696 shares during the period. Evergreen Capital Management LLC boosted its holdings in shares of Amazon.com by 0.5% during the fourth quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock worth $53,213,000 after purchasing an additional 1,198 shares during the period. Bearing Point Capital LLC purchased a new position in Amazon.com during the fourth quarter valued at approximately $12,014,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in Amazon.com by 173.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant's stock valued at $759,434,000 after buying an additional 2,196,353 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Price Performance

Shares of NASDAQ AMZN traded up $5.66 during midday trading on Friday, reaching $213.57. 39,746,466 shares of the company traded hands, compared to its average volume of 42,160,042. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The stock's 50-day simple moving average is $191.84 and its 200-day simple moving average is $208.75. The firm has a market cap of $2.27 trillion, a PE ratio of 38.62, a PEG ratio of 1.50 and a beta of 1.33.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The firm's revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the company posted $0.98 EPS. As a group, equities analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In other Amazon.com news, Director Keith Brian Alexander sold 1,000 shares of Amazon.com stock in a transaction on Monday, May 12th. The stock was sold at an average price of $210.68, for a total value of $210,680.00. Following the completion of the transaction, the director now owns 5,465 shares in the company, valued at approximately $1,151,366.20. The trade was a 15.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Matthew S. Garman sold 20,923 shares of the business's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,211,799.90. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 102,037 shares of company stock valued at $20,531,075. Corporate insiders own 9.70% of the company's stock.

Analyst Ratings Changes

AMZN has been the subject of a number of research analyst reports. Scotiabank cut their target price on shares of Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating for the company in a research report on Monday, April 21st. The Goldman Sachs Group dropped their price target on shares of Amazon.com from $255.00 to $220.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Phillip Securities cut Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a research report on Monday, February 10th. Wedbush restated an "outperform" rating and issued a $235.00 target price (up previously from $225.00) on shares of Amazon.com in a research note on Friday, May 2nd. Finally, Rosenblatt Securities upped their target price on Amazon.com from $287.00 to $288.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Four analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $244.89.

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.