Amazon.com, Inc. (NASDAQ:AMZN) Stake Boosted by Alesco Advisors LLC

Alesco Advisors LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 200.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,736 shares of the e-commerce giant's stock after acquiring an additional 8,496 shares during the period. Alesco Advisors LLC's holdings in Amazon.com were worth $2,794,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Accordant Advisory Group Inc lifted its stake in shares of Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after purchasing an additional 100 shares in the last quarter. Icon Wealth Advisors LLC raised its holdings in Amazon.com by 20.5% in the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant's stock valued at $28,000 after buying an additional 25,581 shares during the period. Quattro Financial Advisors LLC raised its holdings in Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after buying an additional 45 shares during the period. Compass Planning Associates Inc acquired a new position in Amazon.com during the fourth quarter valued at approximately $51,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new stake in Amazon.com during the fourth quarter worth approximately $54,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on AMZN shares. Morgan Stanley lifted their target price on shares of Amazon.com from $230.00 to $280.00 and gave the company an "overweight" rating in a report on Monday, January 13th. DA Davidson boosted their price objective on Amazon.com from $235.00 to $280.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. UBS Group increased their target price on Amazon.com from $230.00 to $264.00 and gave the company a "buy" rating in a research note on Monday, December 16th. Telsey Advisory Group reissued an "outperform" rating and set a $275.00 price target on shares of Amazon.com in a research report on Friday, February 7th. Finally, Robert W. Baird increased their price objective on shares of Amazon.com from $220.00 to $260.00 and gave the company an "outperform" rating in a research report on Friday, December 13th. Two investment analysts have rated the stock with a hold rating, forty-three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $260.53.

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Amazon.com Stock Performance

Shares of NASDAQ AMZN traded down $17.60 during midday trading on Thursday, hitting $178.41. 95,296,225 shares of the company's stock were exchanged, compared to its average volume of 40,316,435. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The firm has a market cap of $1.89 trillion, a P/E ratio of 32.26, a PEG ratio of 1.50 and a beta of 1.19. The stock's 50 day moving average price is $214.60 and its 200-day moving average price is $209.22. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN - Get Free Report) 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 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%. Equities research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 509,474 shares of the company's stock, valued at approximately $95,776,017.26. This trade represents a 0.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP David Zapolsky sold 19,212 shares of the business's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $217.50, for a total value of $4,178,610.00. Following the completion of the sale, the senior vice president now directly owns 49,950 shares in the company, valued at $10,864,125. This represents a 27.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 104,798 shares of company stock worth $23,341,803 in the last 90 days. Corporate insiders own 10.80% of the company's stock.

About Amazon.com

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.