NEOS Investment Management LLC Purchases 181,577 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

NEOS Investment Management LLC increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 30.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 776,658 shares of the e-commerce giant's stock after acquiring an additional 181,577 shares during the period. Amazon.com comprises 4.0% of NEOS Investment Management LLC's portfolio, making the stock its 4th biggest position. NEOS Investment Management LLC's holdings in Amazon.com were worth $170,391,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of AMZN. Vanguard Group Inc. lifted its stake in Amazon.com by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock worth $180,637,081,000 after acquiring an additional 17,635,391 shares during the period. State Street Corp raised its holdings in shares of Amazon.com by 3.3% in the 3rd quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant's stock valued at $66,926,008,000 after purchasing an additional 11,370,309 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Amazon.com by 3.4% in the 3rd quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant's stock worth $37,116,341,000 after purchasing an additional 6,545,944 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Amazon.com by 0.8% in the 4th quarter. Bank of New York Mellon Corp now owns 67,092,427 shares of the e-commerce giant's stock worth $14,719,407,000 after purchasing an additional 545,292 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Amazon.com by 4.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 59,638,207 shares of the e-commerce giant's stock valued at $13,084,026,000 after purchasing an additional 2,330,113 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insiders Place Their Bets

In other news, SVP David Zapolsky sold 19,212 shares of the company's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the completion of the transaction, the senior vice president now directly owns 49,950 shares of the company's stock, valued at approximately $10,864,125. This represents a 27.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the sale, the chief executive officer now owns 497,067 shares in the company, valued at $114,459,618.09. This represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 104,798 shares of company stock worth $23,341,803. Corporate insiders own 10.80% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. The Goldman Sachs Group lowered their target price on Amazon.com from $255.00 to $220.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Wells Fargo & Company decreased their price objective on Amazon.com from $207.00 to $203.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 25th. Benchmark boosted their target price on shares of Amazon.com from $215.00 to $265.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. Jefferies Financial Group lowered their price target on shares of Amazon.com from $250.00 to $240.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Finally, Cantor Fitzgerald reduced their price objective on shares of Amazon.com from $270.00 to $230.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Two investment analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $246.50.

Amazon.com Price Performance

Amazon.com stock traded down $5.21 during trading on Wednesday, reaching $182.18. The company had a trading volume of 25,117,110 shares, compared to its average volume of 41,769,336. 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's 50-day simple moving average is $192.03 and its 200 day simple moving average is $207.90. The firm has a market capitalization of $1.93 trillion, a PE ratio of 32.94, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. As a group, equities research analysts anticipate 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.