Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Fred Alger Management LLC

Fred Alger Management LLC boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,514,466 shares of the e-commerce giant’s stock after buying an additional 132,072 shares during the quarter. Amazon.com accounts for 6.8% of Fred Alger Management LLC’s investment portfolio, making the stock its 3rd largest position. Fred Alger Management LLC owned approximately 0.06% of Amazon.com worth $1,429,209,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Momentous Wealth Management Inc. acquired a new stake in Amazon.com in the fourth quarter valued at $749,000. Segall Bryant & Hamill LLC increased its holdings in shares of Amazon.com by 14.3% in the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant’s stock valued at $69,572,000 after acquiring an additional 39,696 shares during the last quarter. Evergreen Capital Management LLC raised its position in shares of Amazon.com by 0.5% during the 4th quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant’s stock worth $53,213,000 after acquiring an additional 1,198 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Amazon.com by 173.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant’s stock worth $759,434,000 after acquiring an additional 2,196,353 shares in the last quarter. Finally, Bearing Point Capital LLC purchased a new stake in Amazon.com during the fourth quarter worth approximately $12,014,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other news, VP Shelley Reynolds sold 2,695 shares of the firm’s stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total transaction of $541,129.05. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $24,050,626.20. This trade represents a 2.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Andrew R. Jassy sold 19,872 shares of the business’s stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the sale, the chief executive officer now owns 2,148,694 shares of the company’s stock, valued at approximately $432,532,102.20. This represents a 0.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 99,537 shares of company stock valued at $20,018,625 in the last ninety days. 9.70% of the stock is currently owned by corporate insiders.

Amazon.com Trading Down 1.0%

Shares of AMZN opened at $200.99 on Monday. The stock has a market capitalization of $2.13 trillion, a P/E ratio of 36.35, a PEG ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month 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 firm has a fifty day simple moving average of $190.05 and a two-hundred day simple moving average of $208.80.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The business had revenue of $155.67 billion for the quarter, compared to analysts’ expectations of $154.96 billion. During the same quarter in the previous year, the business posted $0.98 earnings per share. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their target price on shares of Amazon.com from $207.00 to $203.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 25th. Wedbush restated an “outperform” rating and issued a $235.00 price objective (up previously from $225.00) on shares of Amazon.com in a research note on Friday, May 2nd. Loop Capital lifted their target price on Amazon.com from $275.00 to $285.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Royal Bank of Canada reduced their target price on Amazon.com from $235.00 to $230.00 and set an “outperform” rating for the company in a report on Friday, May 2nd. Finally, Canaccord Genuity Group reissued a “buy” rating on shares of Amazon.com in a research report on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $244.09.

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.