19,972 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Purchased by Inkwell Capital LLC

Inkwell Capital LLC bought a new stake in Amazon.com, Inc. (NASDAQ:AMZN) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 19,972 shares of the e-commerce giant's stock, valued at approximately $4,382,000. Amazon.com accounts for about 4.7% of Inkwell Capital LLC's holdings, making the stock its 6th biggest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in AMZN. Rench Wealth Management Inc. boosted its stake in shares of Amazon.com by 7.9% in the 3rd quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant's stock valued at $9,392,000 after purchasing an additional 3,703 shares in the last quarter. Momentous Wealth Management Inc. bought a new position in Amazon.com in the 4th quarter valued at approximately $749,000. Segall Bryant & Hamill LLC boosted its position in Amazon.com by 14.3% in the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock valued at $69,572,000 after buying an additional 39,696 shares in the last quarter. Blankinship & Foster LLC grew its stake in shares of Amazon.com by 216.4% during the third quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant's stock worth $1,291,000 after buying an additional 4,740 shares during the last quarter. Finally, One Wealth Capital Management LLC acquired a new position in shares of Amazon.com during the fourth quarter worth $4,270,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on AMZN shares. Mizuho dropped their price objective on shares of Amazon.com from $285.00 to $255.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Needham & Company LLC reiterated a "buy" rating and set a $250.00 price target on shares of Amazon.com in a report on Friday, February 7th. Telsey Advisory Group decreased their price objective on Amazon.com from $275.00 to $235.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Oppenheimer cut their target price on Amazon.com from $260.00 to $220.00 and set an "outperform" rating on the stock in a report on Monday. Finally, Barclays upped their target price on Amazon.com from $235.00 to $265.00 and gave the company an "overweight" rating in a report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $246.50.

Insider Buying and Selling

In related news, CEO Andrew R. Jassy sold 20,784 shares of the business's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the sale, the chief executive officer now directly owns 2,118,886 shares in the company, valued at approximately $467,532,195.90. The trade was a 0.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the transaction, the chief executive officer now owns 497,067 shares of the company's stock, valued at $114,459,618.09. The trade was a 5.24 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 104,798 shares of company stock valued at $23,341,803. 10.80% of the stock is owned by insiders.

Amazon.com Trading Down 0.2 %

NASDAQ:AMZN opened at $187.39 on Wednesday. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The firm has a 50-day moving average price of $192.03 and a two-hundred day moving average price of $207.90. The firm has a market cap of $1.99 trillion, a price-to-earnings ratio of 33.89, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping analysts' consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. On average, equities analysts expect that Amazon.com, Inc. will post 6.31 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.

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