Pilgrim Partners Asia Pte Ltd Buys New Shares in Amazon.com, Inc. (NASDAQ:AMZN)

Pilgrim Partners Asia Pte Ltd purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 33,760 shares of the e-commerce giant's stock, valued at approximately $7,407,000. Amazon.com makes up 6.5% of Pilgrim Partners Asia Pte Ltd's holdings, making the stock its 4th biggest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. Oarsman Capital Inc. lifted its position in shares of Amazon.com by 7.0% in the fourth quarter. Oarsman Capital Inc. now owns 23,331 shares of the e-commerce giant's stock valued at $5,119,000 after acquiring an additional 1,536 shares in the last quarter. Dempze Nancy E lifted its stake in shares of Amazon.com by 2.0% during the fourth quarter. Dempze Nancy E now owns 26,230 shares of the e-commerce giant's stock valued at $5,755,000 after buying an additional 520 shares during the period. KCM Investment Advisors LLC boosted its position in Amazon.com by 1.2% during the fourth quarter. KCM Investment Advisors LLC now owns 340,893 shares of the e-commerce giant's stock worth $74,789,000 after acquiring an additional 4,192 shares during the last quarter. Resona Asset Management Co. Ltd. purchased a new stake in Amazon.com in the 4th quarter worth approximately $649,582,000. Finally, ROI Financial Advisors LLC raised its holdings in Amazon.com by 2.5% in the 4th quarter. ROI Financial Advisors LLC now owns 30,594 shares of the e-commerce giant's stock valued at $6,712,000 after acquiring an additional 753 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Amazon.com news, CEO Douglas J. Herrington sold 27,500 shares of the firm's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction 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 trade represents a 5.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Shelley Reynolds sold 8,833 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the completion of the sale, the vice president now directly 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. Over the last ninety days, insiders have sold 107,298 shares of company stock valued at $23,818,478. Company insiders own 9.70% of the company's stock.

Amazon.com Stock Performance

Amazon.com stock traded down $1.34 during midday trading on Tuesday, reaching $185.01. 28,305,174 shares of the stock traded hands, compared to its average volume of 41,616,201. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The firm has a market cap of $1.96 trillion, a price-to-earnings ratio of 33.46, a PEG ratio of 1.50 and a beta of 1.30. The firm has a fifty day moving average price of $189.92 and a two-hundred day moving average price of $208.04.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping 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 business had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. During the same period in the prior year, the company posted $0.98 EPS. The business's revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Loop Capital increased their target price on Amazon.com from $275.00 to $285.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. Citizens Jmp dropped their price target on shares of Amazon.com from $285.00 to $240.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Citigroup reiterated an "outperform" rating on shares of Amazon.com in a report on Friday. Wells Fargo & Company lowered their price target on Amazon.com from $207.00 to $203.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 25th. Finally, Royal Bank of Canada decreased their target price on Amazon.com from $235.00 to $230.00 and set an "outperform" rating for the company in a report on Friday. Four 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 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.