Amazon.com, Inc. (NASDAQ:AMZN) Position Increased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,638,207 shares of the e-commerce giant's stock after purchasing an additional 2,330,113 shares during the quarter. Amazon.com makes up about 2.4% of Charles Schwab Investment Management Inc.'s portfolio, making the stock its 4th largest holding. Charles Schwab Investment Management Inc. owned about 0.57% of Amazon.com worth $13,084,026,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Rench Wealth Management Inc. boosted its position in Amazon.com by 7.9% during the 3rd quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant's stock worth $9,392,000 after buying an additional 3,703 shares during the period. Blankinship & Foster LLC raised its position 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 acquiring an additional 4,740 shares during the last quarter. Umpqua Bank raised its position in shares of Amazon.com by 0.4% during the third quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant's stock worth $6,544,000 after acquiring an additional 137 shares during the last quarter. One Wealth Capital Management LLC bought a new stake in Amazon.com in the fourth quarter valued at approximately $4,270,000. Finally, Floyd Financial Group LLC bought a new stake in Amazon.com in the fourth quarter valued at approximately $4,494,000. Institutional investors own 72.20% of the company's stock.

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Analyst Ratings Changes

A number of research analysts have recently issued reports on AMZN shares. Raymond James boosted their price target on shares of Amazon.com from $260.00 to $275.00 in a research report on Monday, February 10th. Benchmark boosted their target price on shares of Amazon.com from $215.00 to $265.00 and gave the company a "buy" rating in a report on Tuesday, February 4th. Piper Sandler reaffirmed an "overweight" rating and set a $265.00 price target (up previously from $225.00) on shares of Amazon.com in a research report on Friday, February 7th. JMP Securities set a $285.00 price objective on Amazon.com in a research report on Thursday, March 27th. Finally, Morgan Stanley upped their target price on Amazon.com from $230.00 to $280.00 and gave the company an "overweight" rating in a research report on Monday, January 13th. Two analysts have rated the stock with a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Amazon.com has an average rating of "Moderate Buy" and an average target price of $260.53.

Insider Activity at Amazon.com

In related news, SVP David Zapolsky sold 19,212 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the senior vice president now directly owns 49,950 shares of the company's stock, valued at approximately $10,864,125. This trade represents a 27.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value 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 $95,776,017.26. The trade was a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 104,798 shares of company stock worth $23,341,803. Company insiders own 10.80% of the company's stock.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN traded up $4.26 during mid-day trading on Monday, reaching $175.26. The company had a trading volume of 109,053,091 shares, compared to its average volume of 40,907,791. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. 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 company's 50-day moving average price is $210.97 and its 200-day moving average price is $209.12. The firm has a market cap of $1.86 trillion, a price-to-earnings ratio of 31.69, a PEG ratio of 1.50 and a beta of 1.39.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS 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.