Flputnam Investment Management Co. Has $72.78 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Flputnam Investment Management Co. raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 7.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 479,030 shares of the e-commerce giant’s stock after purchasing an additional 34,791 shares during the quarter. Amazon.com accounts for about 1.7% of Flputnam Investment Management Co.’s portfolio, making the stock its 12th biggest position. Flputnam Investment Management Co.’s holdings in Amazon.com were worth $72,784,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Greenwood Capital Associates LLC grew its position in Amazon.com by 3.2% in the 3rd quarter. Greenwood Capital Associates LLC now owns 5,565 shares of the e-commerce giant’s stock worth $707,000 after purchasing an additional 173 shares in the last quarter. Aurora Private Wealth Inc. grew its holdings in shares of Amazon.com by 7.2% in the third quarter. Aurora Private Wealth Inc. now owns 15,449 shares of the e-commerce giant’s stock valued at $1,964,000 after acquiring an additional 1,039 shares in the last quarter. RDA Financial Network grew its holdings in shares of Amazon.com by 1.7% in the third quarter. RDA Financial Network now owns 32,125 shares of the e-commerce giant’s stock valued at $4,084,000 after acquiring an additional 526 shares in the last quarter. Yoder Wealth Management Inc. lifted its holdings in Amazon.com by 6.4% during the third quarter. Yoder Wealth Management Inc. now owns 7,014 shares of the e-commerce giant’s stock worth $892,000 after acquiring an additional 423 shares during the period. Finally, BlueSky Wealth Advisors LLC lifted its holdings in Amazon.com by 6.1% during the third quarter. BlueSky Wealth Advisors LLC now owns 1,728 shares of the e-commerce giant’s stock worth $220,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 5,998,849 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the completion of the sale, the insider now directly owns 982,252,968 shares in the company, valued at approximately $167,140,165,034.88. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Jeffrey P. Bezos sold 5,998,849 shares of the firm’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 transaction, the insider now directly owns 982,252,968 shares in the company, valued at approximately $167,140,165,034.88. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The stock was 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 owns 131,600 shares in the company, valued at approximately $24,214,400. The disclosure for this sale can be found here. Insiders have sold 32,217,010 shares of company stock worth $5,506,442,301 over the last ninety days. Insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on AMZN shares. Benchmark reaffirmed a “buy” rating and set a $200.00 target price on shares of Amazon.com in a research report on Wednesday. Stifel Nicolaus raised their price objective on shares of Amazon.com from $224.00 to $228.00 and gave the stock a “buy” rating in a report on Wednesday. Wedbush reiterated an “outperform” rating and issued a $225.00 target price on shares of Amazon.com in a research note on Wednesday. Robert W. Baird increased their target price on shares of Amazon.com from $205.00 to $210.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. lifted their price target on shares of Amazon.com from $225.00 to $240.00 and gave the stock an “overweight” rating in a report on Wednesday. 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. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $211.07.

Amazon.com Stock Up 0.8 %

AMZN opened at $186.21 on Friday. The business’s fifty day simple moving average is $179.02 and its 200 day simple moving average is $160.32. Amazon.com, Inc. has a 52 week low of $103.31 and a 52 week high of $189.77. The company has a quick ratio of 0.84, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The stock has a market cap of $1.94 trillion, a PE ratio of 52.16, a P/E/G ratio of 1.37 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating the consensus estimate of $0.83 by $0.15. The firm had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company’s revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.31 EPS. As a group, research analysts expect that Amazon.com, Inc. will post 4.55 earnings per share for the current fiscal year.

Amazon.com 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.