19,840 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Bought by Elefante Mark B

Elefante Mark B acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 19,840 shares of the e-commerce giant's stock, valued at approximately $4,353,000. Amazon.com comprises about 4.0% of Elefante Mark B's holdings, making the stock its 8th biggest holding.

Several other large investors also recently made changes to their positions in the stock. Ethic Inc. increased its position in Amazon.com by 15.3% during the 4th quarter. Ethic Inc. now owns 658,824 shares of the e-commerce giant's stock worth $144,539,000 after buying an additional 87,390 shares during the period. Ewing Morris & Co. Investment Partners Ltd. bought a new position in Amazon.com during the 4th quarter worth $3,310,000. FACT Capital LP increased its position in Amazon.com by 161.0% during the 4th quarter. FACT Capital LP now owns 152,473 shares of the e-commerce giant's stock worth $33,451,000 after buying an additional 94,044 shares during the period. Fairview Capital Investment Management LLC increased its position in Amazon.com by 0.4% during the 4th quarter. Fairview Capital Investment Management LLC now owns 198,753 shares of the e-commerce giant's stock worth $43,604,000 after buying an additional 779 shares during the period. Finally, Fiduciary Trust Co increased its position in Amazon.com by 1.6% during the 4th quarter. Fiduciary Trust Co now owns 620,250 shares of the e-commerce giant's stock worth $136,077,000 after buying an additional 9,769 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Activity

In other news, CEO Matthew S. Garman sold 20,923 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,211,799.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.00. Following the sale, the chief executive officer now owns 509,474 shares of the company's stock, valued at approximately $95,776,017.26. This represents a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 99,537 shares of company stock worth $20,018,625 over the last quarter. 9.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft decreased their price target on Amazon.com from $287.00 to $206.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Truist Financial decreased their target price on Amazon.com from $265.00 to $230.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Piper Sandler reiterated an "overweight" rating and issued a $212.00 target price (down previously from $215.00) on shares of Amazon.com in a research report on Friday, May 2nd. Scotiabank decreased their target price on Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating on the stock in a research report on Monday, April 21st. Finally, JMP Securities reiterated a "market outperform" rating on shares of Amazon.com in a research report on Tuesday, May 6th. Four investment analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $244.09.

Amazon.com Trading Up 2.5%

AMZN stock traded up $5.03 during mid-day trading on Tuesday, reaching $206.02. The company's stock had a trading volume of 34,776,251 shares, compared to its average volume of 41,992,291. The company has a market cap of $2.19 trillion, a price-to-earnings ratio of 37.25, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. The business's 50 day moving average price is $190.16 and its 200 day moving average price is $208.75. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. 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 issued 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. The business 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 for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.98 earnings per share. On average, equities research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.