Ascent Capital Management LLC Buys Shares of 19,273 Amazon.com, Inc. (NASDAQ:AMZN)

Ascent Capital Management LLC purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 19,273 shares of the e-commerce giant’s stock, valued at approximately $4,228,000. Amazon.com makes up about 4.3% of Ascent Capital Management LLC’s holdings, making the stock its 6th biggest holding.

A number of other institutional investors have also modified their holdings of AMZN. Pollock Investment Advisors LLC purchased a new position in Amazon.com during the fourth quarter worth about $321,000. CBIZ Investment Advisory Services LLC grew its holdings in shares of Amazon.com by 4.1% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 3,025 shares of the e-commerce giant’s stock worth $664,000 after purchasing an additional 118 shares during the period. Tidemark LLC increased its position in shares of Amazon.com by 1.7% in the fourth quarter. Tidemark LLC now owns 10,790 shares of the e-commerce giant’s stock worth $2,367,000 after acquiring an additional 180 shares in the last quarter. one8zero8 LLC purchased a new position in Amazon.com in the fourth quarter valued at about $10,420,000. Finally, Choate Investment Advisors raised its holdings in shares of Amazon.com by 5.8% during the 4th quarter. Choate Investment Advisors now owns 449,192 shares of the e-commerce giant’s stock valued at $98,572,000 after buying an additional 24,733 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity

In related news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the sale, the chief executive officer now directly owns 2,118,886 shares in the company, valued at $467,532,195.90. This trade represents a 0.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the sale, the chief executive officer now directly owns 509,474 shares in the company, valued at $95,776,017.26. The trade was a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 104,798 shares of company stock valued at $23,341,803. 10.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on AMZN shares. The Goldman Sachs Group boosted their price objective on shares of Amazon.com from $240.00 to $255.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Loop Capital boosted their target price on shares of Amazon.com from $275.00 to $285.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Rosenblatt Securities increased their price target on shares of Amazon.com from $236.00 to $287.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Cantor Fitzgerald decreased their target price on Amazon.com from $270.00 to $230.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, DA Davidson dropped their price target on Amazon.com from $280.00 to $230.00 and set a “buy” rating on the stock in a research report on Monday. Two analysts have rated the stock with a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and an average target price of $252.73.

Amazon.com Stock Down 2.9 %

NASDAQ AMZN opened at $174.33 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The stock has a market capitalization of $1.85 trillion, a PE ratio of 31.52, a PEG ratio of 1.50 and a beta of 1.39. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The business has a fifty day moving average price of $200.86 and a two-hundred day moving average price of $208.06.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Equities analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.