Investment House LLC Increases Position in Amazon.com, Inc. (NASDAQ:AMZN)

Investment House LLC raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 294,120 shares of the e-commerce giant’s stock after purchasing an additional 7,040 shares during the quarter. Amazon.com accounts for about 2.3% of Investment House LLC’s investment portfolio, making the stock its 10th biggest position. Investment House LLC’s holdings in Amazon.com were worth $24,706,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dohj LLC increased its holdings in shares of Amazon.com by 1.8% during the 3rd quarter. Dohj LLC now owns 24,839 shares of the e-commerce giant’s stock worth $2,807,000 after purchasing an additional 451 shares during the period. Bassett Hargrove Investment Counsel LLC bought a new stake in Amazon.com in the third quarter valued at about $2,120,000. Veritas Asset Management LLP increased its stake in Amazon.com by 19.6% in the fourth quarter. Veritas Asset Management LLP now owns 7,868,621 shares of the e-commerce giant’s stock valued at $660,964,000 after acquiring an additional 1,286,797 shares during the period. Obermeyer Wood Investment Counsel Lllp increased its stake in Amazon.com by 1.2% in the third quarter. Obermeyer Wood Investment Counsel Lllp now owns 313,317 shares of the e-commerce giant’s stock valued at $35,405,000 after acquiring an additional 3,840 shares during the period. Finally, Sarasin & Partners LLP increased its stake in Amazon.com by 0.7% in the fourth quarter. Sarasin & Partners LLP now owns 2,468,455 shares of the e-commerce giant’s stock valued at $207,350,000 after acquiring an additional 17,993 shares during the period. Institutional investors own 57.64% of the company’s stock.

Amazon.com Stock Down 1.6 %

Shares of NASDAQ:AMZN opened at $116.25 on Friday. Amazon.com, Inc. has a 52 week low of $81.43 and a 52 week high of $146.57. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.69 and a current ratio of 0.92. The company has a market capitalization of $1.19 trillion, a PE ratio of 276.79, a PEG ratio of 4.02 and a beta of 1.26. The company has a 50 day moving average price of $103.63 and a two-hundred day moving average price of $97.03.

Amazon.com (NASDAQ:AMZN – Get Rating) last issued its 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 net margin of 0.82% and a return on equity of 5.85%. The firm had revenue of $127.36 billion during the quarter, compared to the consensus estimate of $124.57 billion. During the same quarter in the prior year, the firm earned $0.21 earnings per share. The business’s quarterly revenue was up 9.4% on a year-over-year basis. Analysts forecast that Amazon.com, Inc. will post 1.57 earnings per share for the current year.

Insider Transactions at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Wednesday, April 5th. The shares were sold at an average price of $101.67, for a total transaction of $50,835.00. Following the completion of the sale, the chief executive officer now owns 137,300 shares of the company’s stock, valued at $13,959,291. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Brian T. Olsavsky sold 16,760 shares of the stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $95.25, for a total transaction of $1,596,390.00. Following the completion of the sale, the chief financial officer now owns 49,000 shares of the company’s stock, valued at $4,667,250. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Wednesday, April 5th. The stock was sold at an average price of $101.67, for a total transaction of $50,835.00. Following the sale, the chief executive officer now directly owns 137,300 shares of the company’s stock, valued at approximately $13,959,291. The disclosure for this sale can be found here. Insiders sold 61,019 shares of company stock valued at $6,053,511 over the last quarter. Corporate insiders own 12.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AMZN. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Amazon.com from $130.00 to $125.00 and set a “buy” rating on the stock in a research note on Tuesday, April 18th. UBS Group upped their target price on shares of Amazon.com from $125.00 to $130.00 in a research note on Friday, April 28th. Cowen upped their target price on shares of Amazon.com from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, February 3rd. Barclays reduced their price target on shares of Amazon.com from $150.00 to $140.00 in a research report on Friday, April 28th. Finally, Susquehanna boosted their price target on shares of Amazon.com from $140.00 to $150.00 and gave the company a “positive” rating in a research report on Friday, February 3rd. Three investment analysts have rated the stock with a hold rating and forty-one have issued a buy rating to the stock. Based on data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and an average target price of $143.12.

About Amazon.com

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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.