Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Lifted by Headinvest LLC

Headinvest LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 26.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,058 shares of the e-commerce giant's stock after acquiring an additional 3,817 shares during the period. Headinvest LLC's holdings in Amazon.com were worth $3,962,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in AMZN. Norges Bank purchased a new position in shares of Amazon.com in the fourth quarter worth $27,266,582,000. Capital World Investors boosted its holdings in 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 worth $14,416,078,000 after acquiring an additional 17,681,004 shares in the last quarter. Vanguard Group Inc. grew its stake 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 worth $180,637,081,000 after acquiring an additional 17,635,391 shares during the last quarter. Proficio Capital Partners LLC increased its holdings in shares of Amazon.com by 17,054.5% during 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 acquiring an additional 12,018,120 shares in the last quarter. Finally, Capital International Investors boosted its stake in Amazon.com by 26.5% in 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. Institutional investors own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. DA Davidson decreased their target price on Amazon.com from $280.00 to $230.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Tigress Financial lifted their target price on shares of Amazon.com from $290.00 to $305.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Citizens Jmp dropped their price target on Amazon.com from $285.00 to $240.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Morgan Stanley lowered their target price on Amazon.com from $280.00 to $245.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Finally, Stifel Nicolaus reduced their price target on shares of Amazon.com from $248.00 to $245.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Four analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $244.89.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN traded up $4.95 on Friday, reaching $212.86. The company's stock had a trading volume of 24,913,413 shares, compared to its average volume of 42,004,340. 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, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The stock has a market capitalization of $2.26 trillion, a P/E ratio of 38.51, a PEG ratio of 1.50 and a beta of 1.33. The stock's 50-day moving average is $191.41 and its two-hundred day moving average is $208.65.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly 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 return on equity of 24.25% and a net margin of 9.29%. The business had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. During the same quarter in the prior year, the firm posted $0.98 EPS. The company's revenue 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 EPS for the current year.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were 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 of the company's stock, valued at $95,776,017.26. This represents a 0.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,000,233.60. Following the sale, the chief executive officer now directly owns 2,148,694 shares in the company, valued at approximately $432,532,102.20. The trade was a 0.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 102,037 shares of company stock worth $20,531,075 over the last three months. 9.70% of the stock is owned by 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.