Amazon.com, Inc. (NASDAQ:AMZN) is Channing Global Advisors LLC's 3rd Largest Position

Channing Global Advisors LLC raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 44.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,858 shares of the e-commerce giant's stock after acquiring an additional 16,151 shares during the quarter. Amazon.com makes up 7.7% of Channing Global Advisors LLC's investment portfolio, making the stock its 3rd largest position. Channing Global Advisors LLC's holdings in Amazon.com were worth $11,597,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Evolution Advisers Inc. increased its holdings in Amazon.com by 35.7% during the 4th quarter. Evolution Advisers Inc. now owns 1,060 shares of the e-commerce giant's stock valued at $232,000 after acquiring an additional 279 shares in the last quarter. Diversified Portfolios Inc. grew its holdings in shares of Amazon.com by 1.8% during the fourth quarter. Diversified Portfolios Inc. now owns 13,921 shares of the e-commerce giant's stock worth $3,054,000 after buying an additional 240 shares in the last quarter. Harvey Capital Management Inc. grew its holdings in shares of Amazon.com by 2.8% during the fourth quarter. Harvey Capital Management Inc. now owns 156,846 shares of the e-commerce giant's stock worth $34,410,000 after buying an additional 4,230 shares in the last quarter. Keener Financial Planning LLC grew its holdings in shares of Amazon.com by 440.0% during the fourth quarter. Keener Financial Planning LLC now owns 540 shares of the e-commerce giant's stock worth $118,000 after buying an additional 440 shares in the last quarter. Finally, Avion Wealth grew its holdings in shares of Amazon.com by 14.7% during the fourth quarter. Avion Wealth now owns 6,967 shares of the e-commerce giant's stock worth $1,528,000 after buying an additional 891 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AMZN. Morgan Stanley lifted their price target on shares of Amazon.com from $230.00 to $280.00 and gave the stock an "overweight" rating in a report on Monday, January 13th. Maxim Group lifted their price target on shares of Amazon.com from $260.00 to $280.00 and gave the stock a "buy" rating in a report on Friday, February 7th. HSBC boosted their target price on shares of Amazon.com from $225.00 to $270.00 and gave the company a "buy" rating in a report on Monday, January 13th. Oppenheimer boosted their target price on shares of Amazon.com from $230.00 to $260.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Finally, Wolfe Research boosted their target price on shares of Amazon.com from $250.00 to $270.00 and gave the company an "outperform" rating in a report on Friday, January 3rd. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $260.65.

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Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 27,500 shares of the company's stock in a transaction on Wednesday, February 12th. The shares were 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 directly owns 497,067 shares in the company, valued at approximately $114,459,618.09. This represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the company's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the transaction, the chief executive officer now owns 2,118,886 shares of the company's stock, valued at $467,532,195.90. This trade represents a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 102,298 shares of company stock worth $22,871,828. Corporate insiders own 10.80% of the company's stock.

Amazon.com Trading Up 1.1 %

Shares of AMZN stock opened at $196.59 on Wednesday. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The stock has a market cap of $2.08 trillion, a P/E ratio of 35.55, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The stock has a 50 day simple moving average of $223.12 and a 200 day simple moving average of $207.25.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. On average, research analysts predict 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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