Redwood Investment Management LLC Raises Position in Amazon.com, Inc. (NASDAQ:AMZN)

Redwood Investment Management LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 38.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,123 shares of the e-commerce giant's stock after acquiring an additional 3,611 shares during the period. Redwood Investment Management LLC's holdings in Amazon.com were worth $2,879,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Amazon.com by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock valued at $180,637,081,000 after purchasing an additional 17,635,391 shares during the last quarter. FMR LLC increased its stake in shares of Amazon.com by 0.5% in the 4th quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock valued at $72,061,766,000 after purchasing an additional 1,725,664 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Amazon.com by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant's stock valued at $44,837,256,000 after purchasing an additional 5,015,380 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Amazon.com by 2.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant's stock valued at $40,107,544,000 after purchasing an additional 4,087,933 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Amazon.com in the 4th quarter valued at $27,266,582,000. Institutional investors own 72.20% of the company's stock.

Insider Buying and Selling

In related news, VP Shelley Reynolds sold 2,695 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total transaction of $541,129.05. Following the transaction, the vice president now directly owns 119,780 shares of the company's stock, valued at approximately $24,050,626.20. This represents a 2.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP David Zapolsky sold 13,570 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $202.41, for a total value of $2,746,703.70. Following the transaction, the senior vice president now directly owns 47,030 shares in the company, valued at approximately $9,519,342.30. This trade represents a 22.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 99,537 shares of company stock valued at $20,018,625. 9.70% of the stock is owned by company insiders.

Amazon.com Trading Down 0.9%

Shares of NASDAQ:AMZN traded down $1.77 during midday trading on Friday, reaching $203.93. The company's stock had a trading volume of 51,641,602 shares, compared to its average volume of 42,088,816. The firm has a market capitalization of $2.16 trillion, a price-to-earnings ratio of 36.88, a PEG ratio of 1.50 and a beta of 1.30. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The firm has a 50 day moving average price of $190.57 and a two-hundred day moving average price of $208.66. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating 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 company had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same period in the previous year, the business earned $0.98 EPS. The firm's revenue was up 8.6% compared to the same quarter last year. As a group, analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AMZN. UBS Group reiterated a "buy" rating on shares of Amazon.com in a research note on Tuesday, May 6th. Canaccord Genuity Group reiterated a "buy" rating on shares of Amazon.com in a research note on Thursday, February 13th. Mizuho decreased their price target on Amazon.com from $285.00 to $255.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Telsey Advisory Group reiterated an "outperform" rating and issued a $235.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. Finally, JPMorgan Chase & Co. raised their price objective on Amazon.com from $220.00 to $225.00 and gave the company an "overweight" rating 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $244.09.

About Amazon.com

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.