Ethic Inc. Has $144.54 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Ethic Inc. boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 15.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 658,824 shares of the e-commerce giant's stock after acquiring an additional 87,390 shares during the quarter. Amazon.com accounts for approximately 2.9% of Ethic Inc.'s investment portfolio, making the stock its 4th biggest holding. Ethic Inc.'s holdings in Amazon.com were worth $144,539,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Amazon.com in the fourth quarter valued at about $27,266,582,000. Capital World Investors raised its position in shares of Amazon.com by 36.8% in 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 during the period. Vanguard Group Inc. raised its position in shares of Amazon.com by 2.2% in 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 purchasing an additional 17,635,391 shares during the period. Proficio Capital Partners LLC raised 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 valued at $2,652,116,000 after purchasing an additional 12,018,120 shares during the period. Finally, Capital International Investors raised its position in shares of Amazon.com by 26.5% in the fourth quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant's stock valued at $12,564,961,000 after purchasing an additional 12,000,745 shares during the period. 72.20% of the stock is owned by institutional investors.

Amazon.com Price Performance

Shares of AMZN traded up $2.22 during mid-day trading on Thursday, reaching $206.94. The company had a trading volume of 12,861,412 shares, compared to its average volume of 45,334,402. The company's 50 day simple moving average is $190.55 and its 200 day simple moving average is $208.71. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year 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 company has a market capitalization of $2.20 trillion, a price-to-earnings ratio of 37.40, a P/E/G ratio of 1.50 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly 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. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The company had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same period last year, the company posted $0.98 EPS. The firm's quarterly revenue was up 8.6% compared to the same quarter last year. Analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the sale, the chief executive officer now directly owns 509,474 shares in the company, valued at $95,776,017.26. This trade represents a 0.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Shelley Reynolds sold 2,695 shares of Amazon.com stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total transaction of $541,129.05. Following the sale, the vice president now owns 119,780 shares in the company, valued at approximately $24,050,626.20. This represents a 2.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 99,537 shares of company stock worth $20,018,625 in the last ninety days. Company insiders own 9.70% of the company's stock.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several research analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Amazon.com from $220.00 to $225.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Scotiabank dropped their price objective on shares of 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. Westpark Capital reissued a "buy" rating and issued a $280.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. Morgan Stanley dropped their price objective on shares of Amazon.com from $280.00 to $245.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Finally, Truist Financial lowered their price target on shares of Amazon.com from $265.00 to $230.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Four 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, Amazon.com currently has a consensus rating of "Moderate Buy" and an average target price 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.