Cache Advisors LLC Buys New Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Cache Advisors LLC bought a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 43,712 shares of the e-commerce giant's stock, valued at approximately $9,590,000. Amazon.com comprises approximately 3.6% of Cache Advisors LLC's holdings, making the stock its 8th biggest holding.

Other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Amazon.com in the 4th quarter valued at approximately $27,266,582,000. Capital World Investors boosted its stake in shares of Amazon.com by 36.8% during the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock valued at $14,416,078,000 after purchasing an additional 17,681,004 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of 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 worth $180,637,081,000 after purchasing an additional 17,635,391 shares during the last quarter. Proficio Capital Partners LLC increased its stake 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 valued at $2,652,116,000 after buying an additional 12,018,120 shares during the period. Finally, Capital International Investors lifted its holdings in shares of 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 worth $12,564,961,000 after purchasing an additional 12,000,745 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the sale, the chief executive officer now directly owns 509,474 shares in the company, valued at approximately $95,776,017.26. The trade was a 0.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,000,233.60. Following the transaction, the chief executive officer now owns 2,148,694 shares in the company, valued at approximately $432,532,102.20. The trade was a 0.92% 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 in the last ninety days. 9.70% of the stock is owned by insiders.

Amazon.com Stock Up 2.7%

NASDAQ AMZN traded up $5.66 on Friday, reaching $213.57. 39,742,962 shares of the stock traded hands, compared to its average volume of 42,060,312. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company has a market cap of $2.27 trillion, a price-to-earnings ratio of 38.62, a PEG ratio of 1.50 and a beta of 1.33. The company has a fifty day moving average price of $191.41 and a 200-day moving average price of $208.65. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data 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 return on equity of 24.25% and a net margin of 9.29%. The firm had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. During the same period in the prior year, the business posted $0.98 EPS. The firm's quarterly revenue was up 8.6% on a year-over-year basis. As a group, research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. JPMorgan Chase & Co. boosted their price target on Amazon.com from $225.00 to $240.00 and gave the company an "overweight" rating in a research note on Wednesday. Telsey Advisory Group reissued an "outperform" rating and issued a $235.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. JMP Securities reaffirmed a "market outperform" rating on shares of Amazon.com in a report on Tuesday, May 6th. Mizuho decreased their price target on Amazon.com from $285.00 to $255.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Finally, Citigroup reissued a "buy" rating on shares of Amazon.com in a report on Monday. Four research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus 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.