Sandhill Capital Partners LLC Takes Position in Amazon.com, Inc. (NASDAQ:AMZN)

Sandhill Capital Partners LLC purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 19,932 shares of the e-commerce giant's stock, valued at approximately $4,373,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Sassicaia Capital Advisers LLC acquired a new stake in shares of Amazon.com in the third quarter valued at about $279,000. Howard Capital Management Group LLC lifted its position in shares of Amazon.com by 0.3% during the 3rd quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant's stock valued at $66,434,000 after acquiring an additional 897 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Amazon.com by 5.1% during the 3rd quarter. Principal Financial Group Inc. now owns 20,166,314 shares of the e-commerce giant's stock worth $3,757,589,000 after acquiring an additional 984,570 shares in the last quarter. Principal Street Partners LLC grew its holdings in shares of Amazon.com by 93.8% in the 3rd quarter. Principal Street Partners LLC now owns 135,567 shares of the e-commerce giant's stock worth $26,170,000 after acquiring an additional 65,601 shares during the period. Finally, Sanders Capital LLC increased its stake in Amazon.com by 1.0% in the 3rd quarter. Sanders Capital LLC now owns 10,929,921 shares of the e-commerce giant's stock valued at $2,036,572,000 after purchasing an additional 104,518 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on AMZN shares. Tigress Financial increased their price objective on shares of Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a research note on Tuesday. Telsey Advisory Group reissued an "outperform" rating and set a $235.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. BNP Paribas upgraded Amazon.com to a "hold" rating in a report on Wednesday, April 30th. StockNews.com downgraded Amazon.com from a "buy" rating to a "hold" rating in a research report on Monday. Finally, Citizens Jmp dropped their price objective on Amazon.com from $285.00 to $240.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Four analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $244.09.

Amazon.com Stock Down 0.7 %

AMZN opened at $185.01 on Wednesday. The stock has a market cap of $1.96 trillion, a PE ratio of 33.46, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. The stock's fifty day simple moving average is $189.45 and its 200 day simple moving average is $207.88. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year 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.

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 for the quarter, topping the consensus estimate of $1.38 by $0.21. The business had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The business's revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.98 EPS. As a group, research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 27,500 shares of the company's stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the transaction, the chief executive officer now directly owns 497,067 shares in the company, valued at approximately $114,459,618.09. This represents a 5.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Shelley Reynolds sold 8,833 shares of the 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 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. The trade was a 6.87 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 107,298 shares of company stock valued at $23,818,478. 9.70% of the stock is currently owned by insiders.

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.

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