Ewing Morris & Co. Investment Partners Ltd. Buys New Position in Amazon.com, Inc. (NASDAQ:AMZN)

Ewing Morris & Co. Investment Partners Ltd. acquired a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 15,087 shares of the e-commerce giant's stock, valued at approximately $3,310,000. Amazon.com comprises 1.3% of Ewing Morris & Co. Investment Partners Ltd.'s investment portfolio, making the stock its 21st biggest holding.

Several other institutional investors also recently modified their holdings of AMZN. Norges Bank bought a new stake in 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 4th quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock worth $14,416,078,000 after buying an additional 17,681,004 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Amazon.com by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock worth $180,637,081,000 after buying an additional 17,635,391 shares during the last quarter. Proficio Capital Partners LLC boosted its stake in shares of Amazon.com by 17,054.5% during the 4th quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant's stock worth $2,652,116,000 after buying an additional 12,018,120 shares during the last quarter. Finally, Capital International Investors raised its stake in shares of Amazon.com by 26.5% during the 4th 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 in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Price Performance

AMZN traded down $0.37 during midday trading on Wednesday, hitting $205.65. The stock had a trading volume of 17,971,827 shares, compared to its average volume of 41,901,001. The company has a market cap of $2.18 trillion, a P/E ratio of 37.20, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. The business has a fifty day moving average of $190.38 and a 200 day moving average of $208.73. 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, Inc. has a 1 year low of $151.61 and a 1 year 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 (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.21. The business had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Amazon.com's revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.98 earnings per share. As a group, equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AMZN. Wedbush reiterated an "outperform" rating and set a $235.00 price objective (up previously from $225.00) on shares of Amazon.com in a research note on Friday, May 2nd. DA Davidson dropped their price objective on Amazon.com from $280.00 to $230.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Royal Bank of Canada dropped their price objective on Amazon.com from $235.00 to $230.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Westpark Capital reiterated a "buy" rating and set a $280.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. Finally, Mizuho dropped their price objective on Amazon.com from $285.00 to $255.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Four investment 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, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $244.09.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction 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 completion of the sale, the chief executive officer now owns 509,474 shares of the company's stock, valued at $95,776,017.26. This represents a 0.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Keith Brian Alexander sold 1,000 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $210.68, for a total transaction of $210,680.00. Following the sale, the director now directly owns 5,465 shares of the company's stock, valued at $1,151,366.20. The trade was a 15.47% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 99,537 shares of company stock valued at $20,018,625 over the last quarter. 9.70% of the stock is owned by corporate insiders.

Amazon.com Company 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.