Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 193.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,360,335 shares of the e-commerce giant's stock after buying an additional 3,536,276 shares during the period. Amazon.com accounts for about 3.9% of Kovitz Investment Group Partners LLC's investment portfolio, making the stock its biggest holding. Kovitz Investment Group Partners LLC owned approximately 0.05% of Amazon.com worth $1,176,005,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Principal Financial Group Inc. increased its position in shares of Amazon.com by 5.1% in the 3rd quarter. Principal Financial Group Inc. now owns 20,166,314 shares of the e-commerce giant's stock valued at $3,757,589,000 after buying an additional 984,570 shares in the last quarter. Wilmington Savings Fund Society FSB grew its stake in Amazon.com by 61.8% in the third quarter. Wilmington Savings Fund Society FSB now owns 298,678 shares of the e-commerce giant's stock valued at $55,653,000 after acquiring an additional 114,043 shares during the period. Tri Ri Asset Management Corp bought a new stake in shares of Amazon.com in the third quarter worth about $9,821,000. Asset Advisors Investment Management LLC increased its holdings in shares of Amazon.com by 1.3% in the third quarter. Asset Advisors Investment Management LLC now owns 116,869 shares of the e-commerce giant's stock worth $21,776,000 after acquiring an additional 1,499 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in shares of Amazon.com by 0.5% during the third quarter. Franklin Resources Inc. now owns 47,156,540 shares of the e-commerce giant's stock worth $8,843,714,000 after purchasing an additional 257,072 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of research reports. Royal Bank of Canada lowered their target price on Amazon.com from $235.00 to $230.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Rosenblatt Securities raised their price objective on shares of Amazon.com from $287.00 to $288.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Bank of America reduced their target price on shares of Amazon.com from $257.00 to $225.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Needham & Company LLC restated a "buy" rating and issued a $220.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Finally, Westpark Capital reaffirmed a "buy" rating and set a $280.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. Four analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $244.09.

Amazon.com Price Performance

AMZN traded up $0.57 on Monday, hitting $206.16. 34,235,970 shares of the stock were exchanged, compared to its average volume of 41,958,055. The firm has a market capitalization of $2.19 trillion, a price-to-earnings ratio of 37.28, a PEG ratio of 1.50 and a beta of 1.30. 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 12 month low of $151.61 and a 12 month high of $242.52. The business has a 50-day moving average of $189.33 and a two-hundred day moving average of $208.77.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results 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. The company had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The business's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.98 EPS. Sell-side analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Andrew R. Jassy sold 20,784 shares of the company's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the completion of the transaction, the chief executive officer now directly owns 2,118,886 shares in the company, valued at $467,532,195.90. This represents a 0.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Keith Brian Alexander sold 1,000 shares of the 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 completion of the transaction, the director now directly owns 5,465 shares of the company's stock, valued at approximately $1,151,366.20. The trade was 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. Insiders own 9.70% of the company's stock.

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.