Consolidated Investment Group LLC Acquires 12,000 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Consolidated Investment Group LLC boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 22.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 65,820 shares of the e-commerce giant’s stock after purchasing an additional 12,000 shares during the quarter. Amazon.com comprises approximately 1.2% of Consolidated Investment Group LLC’s holdings, making the stock its 23rd largest position. Consolidated Investment Group LLC’s holdings in Amazon.com were worth $5,529,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in AMZN. Dohj LLC lifted its position in shares of Amazon.com by 1.8% in the 3rd quarter. Dohj LLC now owns 24,839 shares of the e-commerce giant’s stock worth $2,807,000 after acquiring an additional 451 shares during the period. Bassett Hargrove Investment Counsel LLC bought a new stake in shares of Amazon.com in the 3rd quarter worth approximately $2,120,000. Obermeyer Wood Investment Counsel Lllp lifted its position in shares of Amazon.com by 1.2% in the 3rd quarter. Obermeyer Wood Investment Counsel Lllp now owns 313,317 shares of the e-commerce giant’s stock worth $35,405,000 after acquiring an additional 3,840 shares during the period. Sarasin & Partners LLP lifted its position in shares of Amazon.com by 0.7% in the 4th quarter. Sarasin & Partners LLP now owns 2,468,455 shares of the e-commerce giant’s stock worth $207,350,000 after acquiring an additional 17,993 shares during the period. Finally, Asset Management One Co. Ltd. lifted its position in shares of Amazon.com by 0.8% in the 3rd quarter. Asset Management One Co. Ltd. now owns 4,185,666 shares of the e-commerce giant’s stock worth $472,980,000 after acquiring an additional 32,781 shares during the period. Institutional investors own 57.64% of the company’s stock.

Insider Activity at Amazon.com

In related news, SVP David Zapolsky sold 6,704 shares of the stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total transaction of $636,276.64. Following the completion of the transaction, the senior vice president now directly owns 87,036 shares of the company’s stock, valued at $8,260,586.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of the firm’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $93.80, for a total transaction of $375,200.00. Following the completion of the sale, the chief executive officer now owns 560,298 shares of the company’s stock, valued at approximately $52,555,952.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP David Zapolsky sold 6,704 shares of the firm’s stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total value of $636,276.64. Following the sale, the senior vice president now directly owns 87,036 shares of the company’s stock, valued at approximately $8,260,586.76. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,259 shares of company stock valued at $4,866,360. Insiders own 12.70% of the company’s stock.

Analyst Ratings Changes

AMZN has been the topic of several recent analyst reports. Moffett Nathanson decreased their price target on Amazon.com from $119.00 to $116.00 and set an “outperform” rating on the stock in a research note on Monday, April 24th. Morgan Stanley boosted their price target on Amazon.com from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, February 3rd. Wolfe Research boosted their price target on Amazon.com from $130.00 to $140.00 in a research note on Friday, April 28th. StockNews.com initiated coverage on Amazon.com in a research note on Thursday, March 16th. They issued a “hold” rating on the stock. Finally, Roth Capital reaffirmed a “buy” rating on shares of Amazon.com in a research note on Friday, February 3rd. Three research analysts have rated the stock with a hold rating and forty-one have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $143.12.

Amazon.com Stock Up 2.0 %

AMZN stock opened at $113.40 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.92 and a quick ratio of 0.69. The stock has a market capitalization of $1.16 trillion, a P/E ratio of 270.00, a P/E/G ratio of 3.73 and a beta of 1.26. The business has a 50-day moving average of $102.17 and a 200-day moving average of $96.66. Amazon.com, Inc. has a fifty-two week low of $81.43 and a fifty-two week high of $146.57.

Amazon.com (NASDAQ:AMZN – Get Rating) last issued its quarterly earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 EPS for the quarter, beating the consensus estimate of $0.22 by $0.09. Amazon.com had a return on equity of 5.85% and a net margin of 0.82%. The firm had revenue of $127.36 billion during the quarter, compared to analysts’ expectations of $124.57 billion. During the same period in the prior year, the firm posted $0.21 earnings per share. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 1.54 earnings per share for the current fiscal year.

Amazon.com Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.