Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Pathstone Holdings LLC

Pathstone Holdings LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,316,860 shares of the e-commerce giant's stock after purchasing an additional 6,253 shares during the period. Amazon.com makes up 1.3% of Pathstone Holdings LLC's portfolio, making the stock its 12th largest holding. Pathstone Holdings LLC's holdings in Amazon.com were worth $289,176,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Castlekeep Investment Advisors LLC bought a new stake in Amazon.com during the 4th quarter valued at about $25,000. Accordant Advisory Group Inc increased its stake in shares of Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after buying an additional 100 shares during the period. Prudent Man Investment Management Inc. bought a new stake in shares of Amazon.com in the fourth quarter valued at about $27,000. LSV Asset Management purchased a new stake in Amazon.com in the fourth quarter worth about $35,000. Finally, Perritt Capital Management Inc grew its holdings in Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after acquiring an additional 80 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Amazon.com

In other news, Director Keith Brian Alexander sold 1,000 shares of the firm's 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 sale, the director now 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $190.67, for a total transaction of $476,675.00. Following the transaction, the chief executive officer now owns 506,974 shares in the company, valued at $96,664,732.58. This trade represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 99,537 shares of company stock worth $20,018,625. 9.70% of the stock is currently owned by corporate insiders.

Amazon.com Price Performance

Shares of AMZN traded up $0.98 on Thursday, reaching $205.70. The stock had a trading volume of 34,630,040 shares, compared to its average volume of 41,998,996. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The firm has a market capitalization of $2.18 trillion, a PE ratio of 37.20, a PEG ratio of 1.50 and a beta of 1.30. The firm has a 50-day moving average of $190.55 and a 200 day moving average of $208.71. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly 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. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The firm had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same quarter last year, the firm posted $0.98 earnings per share. Amazon.com's revenue for the quarter was up 8.6% compared to the same quarter last year. Sell-side analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on AMZN. Rosenblatt Securities boosted their price target on Amazon.com from $287.00 to $288.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Citigroup restated an "outperform" rating on shares of Amazon.com in a research report on Friday, May 2nd. Telsey Advisory Group reaffirmed an "outperform" rating and set a $235.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Tigress Financial upped their price objective on Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Finally, Royal Bank of Canada dropped their target price on shares of Amazon.com from $235.00 to $230.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target 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.