Geode Capital Management LLC Purchases 5,015,380 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Geode Capital Management LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 204,930,426 shares of the e-commerce giant's stock after purchasing an additional 5,015,380 shares during the quarter. Amazon.com makes up approximately 3.5% of Geode Capital Management LLC's portfolio, making the stock its 4th largest position. Geode Capital Management LLC owned about 1.93% of Amazon.com worth $44,837,256,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Prudent Man Investment Management Inc. acquired a new position in Amazon.com in the 4th quarter worth about $27,000. Accordant Advisory Group Inc raised its position in 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 acquiring an additional 100 shares in the last quarter. Compass Planning Associates Inc acquired a new stake in Amazon.com in the fourth quarter valued at approximately $51,000. Quattro Financial Advisors LLC grew its position in Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock worth $51,000 after acquiring an additional 45 shares in the last quarter. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in shares of Amazon.com during the 4th quarter worth $54,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Trading Down 0.1 %

Shares of Amazon.com stock traded down $0.22 during trading on Friday, hitting $189.98. The stock had a trading volume of 77,794,995 shares, compared to its average volume of 41,684,289. The stock has a market cap of $2.02 trillion, a PE ratio of 34.35, a PEG ratio of 1.50 and a beta of 1.39. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The firm's fifty day simple moving average is $190.48 and its 200-day simple moving average is $207.77. 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 (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The firm had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same period in the prior year, the business posted $0.98 earnings per share. The company's revenue for the quarter was up 8.6% on a year-over-year basis. As a group, sell-side analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 509,474 shares in the company, valued at $95,776,017.26. This trade represents a 0.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Brian T. Olsavsky sold 14,620 shares of the firm's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $223.14, for a total transaction of $3,262,306.80. Following the completion of the transaction, the chief financial officer now directly owns 49,000 shares of the company's stock, valued at approximately $10,933,860. This represents a 22.98 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,798 shares of company stock valued at $23,341,803 in the last ninety days. Corporate insiders own 10.80% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AMZN. Barclays decreased their price objective on shares of Amazon.com from $265.00 to $240.00 and set an "overweight" rating for the company in a report on Friday. Wells Fargo & Company cut their price objective on Amazon.com from $207.00 to $203.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 25th. Bank of America decreased their target price on Amazon.com from $257.00 to $225.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Phillip Securities cut shares of Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a research note on Monday, February 10th. Finally, Evercore ISI dropped their target price on shares of Amazon.com from $270.00 to $260.00 and set an "outperform" rating on the stock in a report on Friday. Three analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $243.55.

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.