Owen LaRue LLC Purchases 4,194 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Owen LaRue LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 25.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,382 shares of the e-commerce giant’s stock after purchasing an additional 4,194 shares during the quarter. Amazon.com makes up approximately 2.3% of Owen LaRue LLC’s portfolio, making the stock its 12th biggest holding. Owen LaRue LLC’s holdings in Amazon.com were worth $4,472,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Harvard Management Co. Inc. bought a new stake in shares of Amazon.com in the 4th quarter worth approximately $14,809,000. AQR Capital Management LLC grew its stake in Amazon.com by 8.2% in the 4th quarter. AQR Capital Management LLC now owns 5,384,405 shares of the e-commerce giant’s stock valued at $1,181,285,000 after buying an additional 405,767 shares in the last quarter. Schwallier Wealth Management LLC purchased a new position in Amazon.com in the 4th quarter valued at approximately $266,000. Candlestick Capital Management LP purchased a new position in Amazon.com in the 4th quarter valued at approximately $108,457,000. Finally, Northern Trust Corp grew its stake in Amazon.com by 14.0% in the 4th quarter. Northern Trust Corp now owns 97,076,276 shares of the e-commerce giant’s stock valued at $21,297,564,000 after buying an additional 11,926,749 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the subject of a number of recent research reports. Wedbush reiterated an “outperform” rating and issued a $235.00 price objective (up from $225.00) on shares of Amazon.com in a research note on Friday, May 2nd. Telsey Advisory Group reiterated an “outperform” rating and issued a $235.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. UBS Group reiterated a “buy” rating on shares of Amazon.com in a research note on Tuesday, May 6th. Maxim Group lifted their price objective on shares of Amazon.com from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Finally, Tigress Financial boosted their price target on shares of Amazon.com from $290.00 to $305.00 and gave the company a “buy” rating in a research report on Tuesday, May 6th. Four equities research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. Based on data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and a consensus target price of $244.09.

Insider Activity

In related news, CEO Douglas J. Herrington sold 4,784 shares of the stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $205.05, for a total transaction of $980,959.20. Following the transaction, the chief executive officer now owns 514,150 shares in the company, valued at $105,426,457.50. This represents a 0.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $26,647,456.60. This trade represents a 6.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 80,081 shares of company stock worth $17,421,044 over the last 90 days. 9.70% of the stock is currently owned by insiders.

Amazon.com Trading Up 0.3%

NASDAQ:AMZN opened at $206.16 on Tuesday. The company’s 50 day moving average price is $189.48 and its 200-day moving average price is $208.82. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The stock has a market cap of $2.19 trillion, a price-to-earnings ratio of 37.28, a PEG ratio of 1.50 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The firm had revenue of $155.67 billion for the quarter, compared to analysts’ expectations of $154.96 billion. During the same quarter in the prior year, the company posted $0.98 earnings per share. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities research analysts forecast 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.