Arrowroot Family Office LLC Raises Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Arrowroot Family Office LLC lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 50.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,662 shares of the e-commerce giant’s stock after buying an additional 2,581 shares during the quarter. Amazon.com makes up about 0.9% of Arrowroot Family Office LLC’s portfolio, making the stock its 28th biggest position. Arrowroot Family Office LLC’s holdings in Amazon.com were worth $1,681,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of AMZN. Norges Bank purchased a new stake in shares of Amazon.com in the fourth quarter worth approximately $27,266,582,000. Capital World Investors grew its stake in Amazon.com by 36.8% in the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant’s stock worth $14,416,078,000 after purchasing an additional 17,681,004 shares in the last quarter. Vanguard Group Inc. grew its stake in Amazon.com by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock worth $180,637,081,000 after purchasing an additional 17,635,391 shares in the last quarter. Proficio Capital Partners LLC grew its stake in Amazon.com by 17,054.5% in the fourth quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant’s stock worth $2,652,116,000 after purchasing an additional 12,018,120 shares in the last quarter. Finally, Capital International Investors grew its stake in Amazon.com by 26.5% in the fourth quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant’s stock worth $12,564,961,000 after purchasing an additional 12,000,745 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AMZN has been the topic of several research analyst reports. Canaccord Genuity Group reissued a “buy” rating on shares of Amazon.com in a research note on Thursday, February 13th. UBS Group reissued a “buy” rating on shares of Amazon.com in a research note on Tuesday, May 6th. Evercore ISI dropped their price objective on Amazon.com from $270.00 to $260.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. Telsey Advisory Group reissued an “outperform” rating and issued a $235.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $220.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $244.09.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 4,784 shares of Amazon.com stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $205.05, for a total transaction of $980,959.20. Following the completion of the transaction, the chief executive officer now owns 514,150 shares in the company, valued at approximately $105,426,457.50. This trade represents a 0.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP David Zapolsky sold 19,212 shares of Amazon.com stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $217.50, for a total value of $4,178,610.00. Following the transaction, the senior vice president now owns 49,950 shares of the company’s stock, valued at $10,864,125. The trade was a 27.78% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,996 shares of company stock worth $6,316,899. Insiders own 9.70% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN stock opened at $203.10 on Friday. The firm has a market capitalization of $2.16 trillion, a price-to-earnings ratio of 36.73, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. 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 business has a fifty day moving average of $189.89 and a 200 day moving average of $208.79. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.21. The company had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the business posted $0.98 EPS. As a group, research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current 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.