Integrated Investment Consultants LLC Raises Position in Amazon.com, Inc. (NASDAQ:AMZN)

Integrated Investment Consultants LLC grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 9.4% during the 4th quarter, Holdings Channel reports. The fund owned 18,072 shares of the e-commerce giant’s stock after buying an additional 1,548 shares during the quarter. Integrated Investment Consultants LLC’s holdings in Amazon.com were worth $2,746,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp grew its position in Amazon.com by 1,869.1% during the second quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock worth $34,701,726,000 after buying an additional 310,134,486 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Amazon.com by 1,838.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock valued at $33,134,481,000 after purchasing an additional 295,880,050 shares during the last quarter. FMR LLC grew its position in shares of Amazon.com by 1,792.4% in the second quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock valued at $30,381,089,000 after purchasing an additional 270,931,640 shares during the last quarter. Moneta Group Investment Advisors LLC grew its position in shares of Amazon.com by 120,235.9% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 116,480,298 shares of the e-commerce giant’s stock valued at $9,784,345,000 after purchasing an additional 116,383,502 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Amazon.com in the fourth quarter valued at approximately $8,263,591,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AMZN. Barclays increased their price target on shares of Amazon.com from $190.00 to $220.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. UBS Group increased their price target on shares of Amazon.com from $180.00 to $198.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. The Goldman Sachs Group upped their price objective on shares of Amazon.com from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Benchmark upped 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. Finally, JPMorgan Chase & Co. upped their price objective on shares of Amazon.com from $190.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $202.80.

Amazon.com Trading Down 1.1 %

NASDAQ AMZN opened at $181.28 on Thursday. Amazon.com, Inc. has a one year low of $101.15 and a one year high of $189.77. The company has a 50-day simple moving average of $177.09 and a 200-day simple moving average of $156.36. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. The firm has a market capitalization of $1.89 trillion, a PE ratio of 62.51, a price-to-earnings-growth ratio of 1.60 and a beta of 1.16.

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

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $155.72, for a total value of $77,860.00. Following the sale, the chief executive officer now directly owns 116,560 shares in the company, valued at approximately $18,150,723.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Amazon.com news, CEO Douglas J. Herrington sold 20,200 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $169.99, for a total transaction of $3,433,798.00. Following the sale, the chief executive officer now directly owns 514,131 shares in the company, valued at approximately $87,397,128.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the sale, the chief executive officer now owns 116,560 shares in the company, valued at $18,150,723.20. The disclosure for this sale can be found here. Insiders have sold a total of 32,213,510 shares of company stock worth $5,505,798,456 in the last ninety days. 12.70% of the stock is owned by insiders.

Amazon.com Company Profile

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.