Washburn Capital Management Inc. Increases Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Washburn Capital Management Inc. boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 13.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,319 shares of the e-commerce giant’s stock after purchasing an additional 1,504 shares during the quarter. Amazon.com comprises approximately 1.4% of Washburn Capital Management Inc.’s holdings, making the stock its 13th largest holding. Washburn Capital Management Inc.’s holdings in Amazon.com were worth $1,872,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of AMZN. Vanguard Group Inc. raised its position in shares of Amazon.com by 4.4% during 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 buying an additional 32,038,029 shares in the last quarter. State Street Corp raised its position in shares of Amazon.com by 1.0% during the 3rd quarter. State Street Corp now owns 329,849,003 shares of the e-commerce giant’s stock valued at $37,272,937,000 after buying an additional 3,121,516 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position 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 valued at $33,134,481,000 after buying an additional 295,880,050 shares in the last quarter. FMR LLC raised its position 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 valued at $38,403,135,000 after buying an additional 21,649,871 shares in the last quarter. Finally, Geode Capital Management LLC raised its position 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 valued at $22,116,108,000 after buying an additional 4,842,542 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total transaction of $92,000.00. Following the completion of the transaction, the chief executive officer now directly owns 131,600 shares in the company, valued at $24,214,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total transaction of $92,000.00. Following the completion of the transaction, the chief executive officer now directly owns 131,600 shares in the company, valued at $24,214,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $180.73, for a total transaction of $632,555.00. Following the transaction, the chief executive officer now owns 512,858 shares of the company’s stock, valued at $92,688,826.34. The disclosure for this sale can be found here. Insiders sold 32,213,510 shares of company stock worth $5,505,798,456 over the last three months. Company insiders own 12.30% of the company’s stock.

Amazon.com Trading Down 1.1 %

NASDAQ:AMZN opened at $179.22 on Friday. Amazon.com, Inc. has a 12 month low of $101.15 and a 12 month high of $189.77. The firm has a fifty day simple moving average of $177.28 and a 200-day simple moving average of $156.52. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $1.86 trillion, a P/E ratio of 61.80, a PEG ratio of 1.60 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, topping 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 the consensus estimate of $165.96 billion. During the same period in the previous year, the firm posted $0.21 earnings per share. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. On average, equities research analysts anticipate that Amazon.com, Inc. will post 4.08 earnings per share for the current year.

Wall Street Analyst Weigh In

AMZN has been the topic of several analyst reports. Wedbush reiterated an “outperform” rating and set a $220.00 price target on shares of Amazon.com in a report on Wednesday, April 10th. Moffett Nathanson reiterated a “buy” rating and set a $228.00 price target on shares of Amazon.com in a report on Thursday, April 11th. Monness Crespi & Hardt upped their price target on shares of Amazon.com from $170.00 to $215.00 and gave the company a “buy” rating in a report on Friday, February 2nd. DA Davidson reiterated a “buy” rating and set a $235.00 price target on shares of Amazon.com in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Amazon.com from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com has a consensus rating of “Buy” and a consensus target price of $202.80.

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.