Headland Capital LLC Makes New Investment in Amazon.com, Inc. (NASDAQ:AMZN)

Headland Capital LLC acquired a new position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 34,563 shares of the e-commerce giant's stock, valued at approximately $7,583,000. Amazon.com comprises approximately 2.6% of Headland Capital LLC's holdings, making the stock its 14th largest position.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMZN. Regent Peak Wealth Advisors LLC boosted its stake in shares of Amazon.com by 0.7% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 45,153 shares of the e-commerce giant's stock worth $9,906,000 after acquiring an additional 318 shares in the last quarter. Weaver Consulting Group boosted its position in Amazon.com by 16.8% during the fourth quarter. Weaver Consulting Group now owns 14,152 shares of the e-commerce giant's stock worth $3,105,000 after purchasing an additional 2,035 shares during the period. Worth Asset Management LLC grew its holdings in Amazon.com by 2.1% during the fourth quarter. Worth Asset Management LLC now owns 3,638 shares of the e-commerce giant's stock valued at $798,000 after purchasing an additional 76 shares during the last quarter. Hilltop Wealth Advisors LLC grew its holdings in Amazon.com by 12.4% during the fourth quarter. Hilltop Wealth Advisors LLC now owns 1,483 shares of the e-commerce giant's stock valued at $325,000 after purchasing an additional 164 shares during the last quarter. Finally, Fulton Bank N.A. raised its position in shares of Amazon.com by 0.7% in the fourth quarter. Fulton Bank N.A. now owns 141,604 shares of the e-commerce giant's stock valued at $31,066,000 after purchasing an additional 924 shares during the period. Institutional investors own 72.20% of the company's stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN traded up $1.98 on Thursday, hitting $203.10. The stock had a trading volume of 38,797,180 shares, compared to its average volume of 41,908,253. The firm's 50 day moving average price is $189.74 and its 200-day moving average price is $208.74. 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 twelve month low of $151.61 and a twelve month high of $242.52. The company has a market capitalization of $2.16 trillion, a price-to-earnings ratio of 36.73, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.21. The firm had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The firm's quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the firm posted $0.98 EPS. On average, equities research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Activity

In other Amazon.com news, VP Shelley Reynolds sold 8,833 shares of Amazon.com stock in a transaction on Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $26,647,456.60. The trade was a 6.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Brian T. Olsavsky sold 14,620 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $223.14, for a total value of $3,262,306.80. Following the sale, the chief financial officer now owns 49,000 shares in the company, valued at $10,933,860. The trade was a 22.98% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 80,081 shares of company stock worth $17,421,044. Insiders own 9.70% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AMZN. Canaccord Genuity Group reiterated a "buy" rating on shares of Amazon.com in a research note on Thursday, February 13th. Wells Fargo & Company lowered their price target on Amazon.com from $207.00 to $203.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft dropped their price objective on Amazon.com from $287.00 to $206.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Raymond James restated an "outperform" rating and set a $195.00 target price (down previously from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. Finally, 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 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. According to MarketBeat, Amazon.com presently has an average rating of "Moderate Buy" and an average target price of $244.09.

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.