Fidelity D & D Bancorp Inc. Raises Position in Amazon.com, Inc. (NASDAQ:AMZN)

Fidelity D & D Bancorp Inc. increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 129.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,003 shares of the e-commerce giant's stock after acquiring an additional 3,384 shares during the period. Fidelity D & D Bancorp Inc.'s holdings in Amazon.com were worth $1,317,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position 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 valued at $180,637,081,000 after buying an additional 17,635,391 shares during the last quarter. FMR LLC lifted its holdings in shares of Amazon.com by 0.5% during the 4th quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock valued at $72,061,766,000 after purchasing an additional 1,725,664 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Amazon.com by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant's stock valued at $44,837,256,000 after purchasing an additional 5,015,380 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Amazon.com by 2.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant's stock valued at $40,107,544,000 after purchasing an additional 4,087,933 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Amazon.com in the 4th quarter valued at approximately $27,266,582,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the transaction, the chief executive officer now directly owns 509,474 shares in the company, valued at approximately $95,776,017.26. This trade represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 2,695 shares of Amazon.com stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total value of $541,129.05. Following the completion of the transaction, the vice president now owns 119,780 shares of the company's stock, valued at $24,050,626.20. The trade was a 2.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,037 shares of company stock valued at $20,531,075 in the last 90 days. Company insiders own 9.70% of the company's stock.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $213.57 on Friday. The business has a 50-day moving average of $191.84 and a 200 day moving average of $208.71. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The stock has a market capitalization of $2.27 trillion, a price-to-earnings ratio of 38.62, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $154.96 billion. During the same quarter last year, the firm posted $0.98 earnings per share. The business's revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on AMZN. Tigress Financial lifted their price objective on shares of Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Wall Street Zen lowered Amazon.com from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Wedbush reiterated an "outperform" rating and set a $235.00 price objective (up from $225.00) on shares of Amazon.com in a research note on Friday, May 2nd. Phillip Securities cut Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a research report on Monday, February 10th. Finally, Evercore ISI dropped their price target on Amazon.com from $270.00 to $260.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target 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.

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