Napatree Capital LLC Raises Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Napatree Capital LLC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 23.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 9,669 shares of the e-commerce giant's stock after purchasing an additional 1,860 shares during the quarter. Amazon.com makes up approximately 1.2% of Napatree Capital LLC's investment portfolio, making the stock its 19th largest holding. Napatree Capital LLC's holdings in Amazon.com were worth $2,121,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMZN. Accordant Advisory Group Inc boosted 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 during the last quarter. Icon Wealth Advisors LLC lifted its stake in Amazon.com by 20.5% in the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant's stock valued at $28,000 after buying an additional 25,581 shares during the period. Quattro Financial Advisors LLC boosted its holdings in shares of Amazon.com by 23.8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock worth $51,000 after buying an additional 45 shares in the last quarter. Compass Planning Associates Inc bought a new stake in shares of Amazon.com in the 4th quarter valued at $51,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in shares of Amazon.com during the 4th quarter valued at $54,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total value of $6,332,425.00. Following the transaction, the chief executive officer now owns 497,067 shares of the company's stock, valued at approximately $114,459,618.09. This represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 8,833 shares of the business's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $222.47, for a total value of $1,965,077.51. Following the sale, the vice president now owns 119,780 shares of the company's stock, valued at approximately $26,647,456.60. This represents a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 104,798 shares of company stock worth $23,341,803. Insiders own 10.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on AMZN shares. Telsey Advisory Group decreased their target price on Amazon.com from $275.00 to $235.00 and set an "outperform" rating for the company in a research report on Wednesday. Jefferies Financial Group reduced their price target on shares of Amazon.com from $250.00 to $240.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Benchmark raised their price objective on shares of Amazon.com from $215.00 to $265.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. Loop Capital upped their target price on shares of Amazon.com from $275.00 to $285.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. Finally, Maxim Group boosted their price objective on Amazon.com from $260.00 to $280.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Two analysts have rated the stock with a hold rating and forty-five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $247.56.

Amazon.com Stock Up 1.3 %

AMZN traded up $2.45 during trading on Friday, hitting $188.99. 36,349,105 shares of the company's stock traded hands, compared to its average volume of 41,913,658. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The stock has a market capitalization of $2.00 trillion, a price-to-earnings ratio of 34.18, a PEG ratio of 1.50 and a beta of 1.39. The company's 50 day simple moving average is $193.52 and its two-hundred day simple moving average is $208.05.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.