Seneschal Advisors LLC Makes New Investment in Amazon.com, Inc. (NASDAQ:AMZN)

Seneschal Advisors LLC acquired a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 25,234 shares of the e-commerce giant's stock, valued at approximately $5,536,000. Amazon.com makes up about 4.6% of Seneschal Advisors LLC's portfolio, making the stock its 7th biggest holding.

Several other hedge funds also recently added to or reduced their stakes in AMZN. Sassicaia Capital Advisers LLC acquired a new stake in Amazon.com during the 3rd quarter worth $279,000. Howard Capital Management Group LLC increased its holdings in Amazon.com by 0.3% in the third quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant's stock valued at $66,434,000 after buying an additional 897 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Amazon.com by 5.1% in the third quarter. Principal Financial Group Inc. now owns 20,166,314 shares of the e-commerce giant's stock valued at $3,757,589,000 after buying an additional 984,570 shares in the last quarter. Providence Wealth Advisors LLC grew its position in shares of Amazon.com by 2.3% in the third quarter. Providence Wealth Advisors LLC now owns 16,278 shares of the e-commerce giant's stock valued at $3,051,000 after purchasing an additional 369 shares during the last quarter. Finally, CWS Financial Advisors LLC lifted its position in shares of Amazon.com by 4.0% in the third quarter. CWS Financial Advisors LLC now owns 7,155 shares of the e-commerce giant's stock valued at $1,333,000 after acquiring an additional 275 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, VP Shelley Reynolds sold 8,833 shares of the company's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $26,647,456.60. This represents a 6.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the transaction, the chief executive officer now directly owns 509,474 shares of the company's stock, valued at $95,776,017.26. This trade represents a 0.49 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 107,298 shares of company stock valued at $23,818,478. Insiders own 9.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AMZN. Barclays dropped their target price on Amazon.com from $265.00 to $240.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. BNP Paribas raised Amazon.com to a "hold" rating in a research report on Wednesday, April 30th. Loop Capital increased their price target on shares of Amazon.com from $275.00 to $285.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. Canaccord Genuity Group reaffirmed a "buy" rating on shares of Amazon.com in a report on Thursday, February 13th. Finally, Citigroup reiterated an "outperform" rating on shares of Amazon.com in a research report on Friday, May 2nd. Four research 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.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $244.09.

Amazon.com Trading Up 1.8 %

Amazon.com stock opened at $192.08 on Friday. The company's fifty day simple moving average is $188.71 and its 200-day simple moving average is $207.77. The company has a quick ratio of 0.87, a current ratio of 1.06 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 cap of $2.04 trillion, a P/E ratio of 34.73, a P/E/G ratio of 1.50 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share 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 company had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. During the same quarter in the previous year, the firm earned $0.98 earnings per share. The business's quarterly revenue was up 8.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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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