Gerber Kawasaki Wealth & Investment Management Purchases 6,650 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Gerber Kawasaki Wealth & Investment Management boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 177,450 shares of the e-commerce giant's stock after purchasing an additional 6,650 shares during the quarter. Amazon.com comprises about 1.7% of Gerber Kawasaki Wealth & Investment Management's investment portfolio, making the stock its 17th largest holding. Gerber Kawasaki Wealth & Investment Management's holdings in Amazon.com were worth $38,931,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Momentous Wealth Management Inc. acquired a new position in Amazon.com during the fourth quarter valued at approximately $749,000. Segall Bryant & Hamill LLC increased its stake in Amazon.com by 14.3% during the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock worth $69,572,000 after acquiring an additional 39,696 shares during the period. Evergreen Capital Management LLC increased its stake in Amazon.com by 0.5% during the 4th quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock worth $53,213,000 after acquiring an additional 1,198 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Amazon.com by 173.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant's stock valued at $759,434,000 after purchasing an additional 2,196,353 shares in the last quarter. Finally, Keyvantage Wealth LLC acquired a new stake in shares of Amazon.com in the 4th quarter valued at $2,735,000. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Up 0.2%

Shares of NASDAQ:AMZN opened at $205.59 on Monday. The stock's 50-day moving average price is $189.33 and its 200-day moving average price is $208.77. 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 $2.18 trillion, a P/E ratio of 37.18, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. 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 (NASDAQ:AMZN - Get Free Report) last posted 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. 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 during the quarter, compared to analyst estimates of $154.96 billion. During the same period in the prior year, the business posted $0.98 earnings per share. Amazon.com's revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Douglas J. Herrington sold 2,500 shares of the firm'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 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 trade represents a 0.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Keith Brian Alexander sold 1,000 shares of Amazon.com stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $210.68, for a total transaction of $210,680.00. Following the completion of the sale, the director now directly owns 5,465 shares of the company's stock, valued at approximately $1,151,366.20. This trade represents a 15.47% decrease in their position. The disclosure for this sale can be found here. Insiders sold 80,798 shares of company stock worth $17,696,733 over the last three months. Company insiders own 9.70% of the company's stock.

Analyst Upgrades and Downgrades

AMZN has been the topic of several recent research reports. Stifel Nicolaus cut their price objective on Amazon.com from $248.00 to $245.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Evercore ISI dropped their price objective on Amazon.com from $270.00 to $260.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Canaccord Genuity Group reaffirmed a "buy" rating on shares of Amazon.com in a research note on Thursday, February 13th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $235.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $220.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $244.09.

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.

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