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

Ewing Morris & Co. Investment Partners Ltd. bought a new position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 15,087 shares of the e-commerce giant's stock, valued at approximately $3,310,000. Amazon.com accounts for about 1.3% of Ewing Morris & Co. Investment Partners Ltd.'s holdings, making the stock its 21st biggest position.

Several other hedge funds also recently made changes to their positions in AMZN. Cable Hill Partners LLC boosted its stake in shares of Amazon.com by 0.5% in the fourth quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant's stock valued at $2,104,000 after buying an additional 44 shares in the last quarter. Quattro Financial Advisors LLC boosted its stake in shares of Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after buying an additional 45 shares in the last quarter. Northern Capital Management Inc. boosted its stake in shares of Amazon.com by 0.6% in the fourth quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock valued at $1,613,000 after buying an additional 45 shares in the last quarter. White Wing Wealth Management boosted its stake in shares of Amazon.com by 2.4% in the fourth quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant's stock valued at $433,000 after buying an additional 47 shares in the last quarter. Finally, MBM Wealth Consultants LLC boosted its stake in shares of Amazon.com by 0.6% in the fourth quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant's stock valued at $1,889,000 after buying an additional 48 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Morgan Stanley decreased their price target on Amazon.com from $280.00 to $245.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Needham & Company LLC restated a "buy" rating and issued a $220.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Phillip Securities downgraded Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a research note on Monday, February 10th. JPMorgan Chase & Co. lifted their price target on Amazon.com from $220.00 to $225.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Finally, Maxim Group lifted their price target on Amazon.com from $260.00 to $280.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Four research 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.com, Amazon.com presently has a consensus rating of "Moderate Buy" and a consensus price target of $244.09.

Amazon.com Stock Performance

NASDAQ:AMZN traded up $5.03 during mid-day trading on Tuesday, reaching $206.02. 34,776,251 shares of the company's stock were exchanged, compared to its average volume of 41,992,291. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The firm has a market capitalization of $2.19 trillion, a PE ratio of 37.25, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. The business's fifty day simple moving average is $190.16 and its two-hundred day simple moving average is $208.75. 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 released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping 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 business had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same period last year, the firm earned $0.98 earnings per share. Amazon.com's revenue for the quarter was up 8.6% compared to the same quarter last year. Analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In related news, Director Keith Brian Alexander sold 1,000 shares of Amazon.com stock in a transaction that occurred 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 in the company, valued at $1,151,366.20. This trade represents a 15.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com 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 sale, the chief executive officer now owns 509,474 shares in the company, valued at approximately $95,776,017.26. This represents a 0.49% 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 valued at $20,018,625 in the last ninety days. 9.70% of the stock is currently owned by company 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.