HBW Advisory Services LLC Purchases 1,058 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

HBW Advisory Services LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,551 shares of the e-commerce giant’s stock after purchasing an additional 1,058 shares during the quarter. Amazon.com comprises 1.2% of HBW Advisory Services LLC’s investment portfolio, making the stock its 12th biggest holding. HBW Advisory Services LLC’s holdings in Amazon.com were worth $7,073,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Amazon.com by 4.4% in the 3rd quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock valued at $96,350,832,000 after acquiring an additional 32,038,029 shares in the last quarter. State Street Corp increased its stake in shares of Amazon.com by 1.2% during the 2nd quarter. State Street Corp now owns 335,869,897 shares of the e-commerce giant’s stock worth $43,784,000,000 after purchasing an additional 3,970,330 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Amazon.com by 1,838.8% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock worth $33,134,481,000 after purchasing an additional 295,880,050 shares during the last quarter. FMR LLC increased its stake in shares of Amazon.com by 7.7% during the 3rd quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock worth $38,403,135,000 after purchasing an additional 21,649,871 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Amazon.com by 2.9% during the 2nd quarter. Geode Capital Management LLC now owns 170,151,722 shares of the e-commerce giant’s stock worth $22,116,108,000 after purchasing an additional 4,842,542 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on AMZN shares. Stifel Nicolaus lifted their price objective on shares of Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. BMO Capital Markets began coverage on shares of Amazon.com in a report on Tuesday, January 9th. They set an “outperform” rating and a $200.00 price objective for the company. Sanford C. Bernstein lifted their price objective on shares of Amazon.com from $175.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Needham & Company LLC lifted their target price on shares of Amazon.com from $175.00 to $205.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Finally, Wells Fargo & Company upped their target price on Amazon.com from $211.00 to $217.00 and gave the company an “overweight” rating in a report on Monday. One research analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $198.09.

View Our Latest Analysis on AMZN

Amazon.com Trading Up 0.3 %

Amazon.com stock opened at $180.97 on Tuesday. The business has a 50-day simple moving average of $171.33 and a two-hundred day simple moving average of $151.85. The company has a market cap of $1.88 trillion, a P/E ratio of 62.40, a P/E/G ratio of 1.57 and a beta of 1.17. Amazon.com, Inc. has a 52-week low of $97.71 and a 52-week high of $183.00. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29.

Amazon.com (NASDAQ:AMZNGet Free Report) last posted its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The firm had revenue of $169.96 billion for the quarter, compared to analysts’ expectations of $165.96 billion. During the same period in the previous year, the firm earned $0.21 EPS. The business’s quarterly revenue was up 13.9% on a year-over-year basis. Analysts predict that Amazon.com, Inc. will post 4.08 EPS for the current year.

Insider Activity

In related news, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Jeffrey P. Bezos sold 5,998,849 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the sale, the insider now directly owns 982,252,968 shares of the company’s stock, valued at approximately $167,140,165,034.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total value of $523,807.00. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $20,239,226.60. The disclosure for this sale can be found here. Insiders have sold a total of 32,210,510 shares of company stock valued at $5,505,223,106 in the last ninety days. Corporate insiders own 12.70% of the company’s stock.

Amazon.com Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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